What is the name of the insurance product which is an all-in-one affordable insurance product for life, health, and property cover and is going to be launched in the first quarter of FY25?

Solution

Bima Vistaar, the first of its kind all-in-one affordable insurance product for life, health, and property cover, is set to be rolled out in the first quarter of the next financial year. The launch of Bima Vistaar is significant because it is part of the “Insurance Trinity,” along with Bima Sugam, a one-stop digital platform; Bima Vistaar; and Bima Vahak, a women-led field distribution force. The launch of Bima Vistaar will also bring Bima Vahak, the women-led insurance distribution channel. The guidelines for putting the channel in place have already been issued, and the regulator said the Bima Vahak guidelines will come into effect with the rollout of Bima Vistaar.