The Insurance Regulatory and Development Authority of India (IRDAI) is bringing a revolutionary insurance product to rural India – Bima Vistaar! This comprehensive and affordable plan offers life, health, and property coverage in a single policy. As per media reports all this will be for just ₹1,500 per year.
Here’s what Bima Vistaar offers
- Life Cover: Get financial protection for your loved ones in case of your unfortunate demise.
- Health Cover: Receive daily cash assistance during hospitalisation for up to 10 days, even without bills (up to ₹5,000).
- Personal Accident Cover: Get financial support in case of accidents resulting in injury or disability.
- Property Cover: Receive compensation for property damage caused by unforeseen events.
Benefits Designed for Easy Access
- Family Floater Option: Family members can get extended coverage at an additional cost.
- Fast Claim Settlement: Claims related to property will be processed faster for the payput based upon the case.
- Agent Incentives: To ensure wider availability, agents selling Bima Vistaar will receive a commission.
Bima Vistaar
This unique insurance scheme is a big step towards financial stability for rural areas. Bima Vistaar provides comprehensive coverage at an affordable price, allowing consumers to confront life’s uncertainties with greater confidence.