What organization is preparing to launch the website known as 'Bima Sugam'?

A ground-breaking online marketplace for insurance goods and services called Bima Sugam, which will be unveiled by the Insurance Regulatory and Development Authority of India (IRDAI), aims to become the largest online market in the world. Customers will be able to browse and select insurance plans from a variety of companies on this platform, which will cover life, health, and general insurance, including motor and travel insurance. Claim settlements will be streamlined, and paperless processing based on policy numbers will be available. 200 crore rupees have been set aside by IRDAI for Bima Sugam.