Team Blitz India
MUMBAI: The Insurance Regulatory and Development Authority of India (IRDAI) is looking to launch a bundled product which will provide life, health, casualty and property cover in a single insurance policy at an affordable price, its Chairman Debasish Panda said.
IRDAI is working on the product along with the General Insurance Council and Life Insurance Council, Panda said at a CII event here, newspapers reported on May 27.
In October 2022, IRDAI had set up a committee to explore and recommend on how to bring about synergies in the working and operations of Bima Vahak, Bima Vistaar and the digital platform, Bima Sugam.
Panda said the Bima Trinity will include ‘Bima Sugam’, the digital platform, ‘Bima Vistaar’, a comprehensive cover for the rural population on benefit based/parametric structure and ‘Bima Vahak’, a women-centric distribution channel to focus on reaching untapped/rural areas.
