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All-In-One Affordable Insurance Cover, Bima Vistaar, To Be Rolled Out Soon


Insurance has always been a vital aspect of financial security, offering individuals and families a safety net during unforeseen circumstances. Recognizing the importance of extending insurance coverage to every corner of India, the Insurance Regulatory and Development Authority of India (IRDAI) has introduced ‘Bima Vistaar’. This all-in-one insurance product, encompassing life, health, and property coverage, is poised to revolutionize the insurance landscape in the country.

A Vision for Inclusive Insurance

The brainchild of Debashish Panda, Chairman of IRDAI, Bima Vistaar represents a significant step towards realizing the authority’s vision of making insurance accessible to every Indian citizen by 2047. The product’s development has reached its final stages after extensive consultations with the Life and General Insurance Councils and industry experts.

Affordable Coverage for All

One of the primary objectives of Bima Vistaar is to provide affordable insurance coverage to a wide range of customers. Pricing discussions have progressed considerably, and insurance companies have shown enthusiasm in offering this product at an affordable cost. This commitment to affordability is aligned with the regulator’s vision of making insurance a reality for everyone.

Simplified Terms and Digital Convenience

Bima Vistaar will be distinguished by its simplicity. The terms and conditions will be straightforward and easy to understand, ensuring that customers have complete clarity about their coverage. Moreover, the product will leverage digital advancements to streamline the insurance process. Claims can be verified digitally, and settled amounts can be credited directly to beneficiaries’ accounts, reducing paperwork and processing time.

Harnessing Technology for Inclusion

The introduction of Bima Vistaar will harness the latest technological advancements, such as Artificial Intelligence (AI) and Machine Learning (ML), to create a robust digital platform. This platform will extend insurance penetration to rural and underserved areas, ensuring that even the remotest corners of India have access to comprehensive coverage.

Empowering Women with a Women-Centric Distribution Model

To enhance financial inclusion, Bima Vistaar is adopting a women-centric distribution model. Under this innovative approach, women, including members of Self Help Groups, will be appointed as ‘Bima Vahaks,’ with a primary focus on reaching underserved rural areas. IRDAI believes that women ‘Vahaks’ will be better positioned to convince female members of rural households about the importance of affordable social security and the need to enroll in Bima Vistaar.

A Trinity for Insurance Outreach

In its quest to expand insurance awareness and outreach, IRDAI envisions a trinity of Bima Vistaar, Bima Vahak, and the digital platform Bima Sugam. Together, these elements will create a comprehensive ecosystem that brings insurance closer to every Indian, making financial security a reality for all.


As Bima Vistaar prepares to roll out, it signifies a transformative moment in the Indian insurance sector. With its affordability, simplicity, and commitment to reaching the last mile, it is poised to make insurance not just a product but a fundamental right for every citizen. IRDAI’s vision of a financially secure India is taking shape, one step at a time.

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