Tag: Affordable life insurance

The first of its kind all-in-one affordable insurance product, Bima Vistaar — offering life, health and property cover — is likely to be rolled out soon. “The product is in the final stages of design based on discussions with Life and General Insurance Councils and industry,” a senior official of Insurance Regulatory and Development Authority of India (IRDAI) told businessline.This comprehensive, standardised cover was proposed by Debashish Panda, Chairman of IRDAI, as a crucial step among a series of reforms aimed at realising IRDAI’s vision of providing insurance coverage to everyone...