The portal for ‘Bima Vahak’ is near completion and gearing up for a soft launch in April 2025. ‘Bima Vistaar’ is a comprehensive and the first composite insurance product covering life, accident, and property risks. “Thanks to the collective commitment from the entire industry, the building blocks of Bima Trinity are now falling in place,” said the IRDAI. The regulator had detailed deliberations with the top brass of the insurance industry and the Bima Sugam team on key issues for the phased launch of the scheme. The “Insurance Electronic Marketplace” is to be established as a robust Digital Public Infrastructure enabling seamless integration with various services to facilitate purchase, sale, servicing of insurance policies, settlement of insurance claims and grievance redressal, according to the IRdaI. It is the first-ever composite product covering death, personal accident, property and surgical hospitalisation with each line of risk, co-insured between all the insurers of that corresponding line of business within an omnibus co-insurance arrangement.
The portal for ‘Bima Vahak’ is near completion and gearing u….
