Bottlenecks delay rollout of Bima Vistaar, the all

The rollout of the much-awaited all-in-one affordable insurance product, Bima Vistaar, has been delayed by several months, even two years after it was proposed by the Insurance Regulatory and Development Authority of India (IRDAI).

An all-in-one insurance plan, Bima Vistaar, is one of the key components of the ambitious project of the IRDAI, popularly labelled as the Bima Trinity, comprising Bima Sugam, Bima Vahak, and Bima Vistaar. While Sugam is an online digital platform, Bima Vahak is a bottom-of-the-pyramid distribution channel mainly employing rural women to sell Vistaar.

Pricing unresolved

When asked about the reasons for the delay, the head of a major general insurance company said, “The industry too has been waiting. I gather that technical glitches issues and concerns about pr