Irdai unveils ‘Bima Trinity’ initiative to bolster insurance accessibility. Amidst low insurance penetration, the plan aims for universal coverage by 2047. It comprises Bima Sugam (digital platform), Bima Vistaar (bundled product), and Bima Vahak (women-centric distribution). Bima Sugam, akin to an e-commerce platform, offers transparent, efficient insurance transactions. Bima Vistaar, priced at ₹1,500 per policy, provides life, health, accident, and property coverage. If realized, it promises extensive benefits like simplified paperwork, affordability, and comprehensive coverage, signaling a transformative shift in India’s insurance landscape.
Irdai’s ‘Bima Trinity’: Revolutionizing Affordable Insurance in India
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