Bima Vistaar, India’s first insurance product covering death, health, accidents, and property damage at an affordable premium, is set to launch in April 2025. According to the Insurance Regulatory and Development Authority of India (IRDAI), “A compliant, simple, comprehensive, and customer-friendly model” has been approved after discussions with industry stakeholders and the Bima Sugam team. A key pillar of Bima Trinity Bima Vistaar is a crucial element of the IRDAI’s ambitious Bima Trinity, which includes Bima Sugam, Bima Vahak, and Bima Vistaar. In preparation for its launch, the underlying technology platform has been upgraded to enable seamless digital management. Affordability for all Aligned with IRDAI’s vision of achieving “Insurance for All by 2047”, Bima Vistaar aims to provide broad financial protection at an affordable cost. Pricing details are yet to be officially announced, but industry estimates suggest premiums could range between ₹1,500 and ₹2,000 per individual for a sum assured of ₹2 lakh. With the stage set for Bima Vistaar’s rollout, India’s insurance landscape is poised for a major transformation, bringing simplified, accessible, and affordable coverage to millions. Mohak Marwah, senior manager, Growth Advisory, Aranca, a global research, analytics and advisory firm, says, “By providing a bundled, low-cost solution, Bima Vistaar will reduce administrative complexities for insurers while expanding their reach. With India’s insurance penetration currently at 4%, this initiative could play a crucial role in bridging the protection gap. “Additionally, it is set to enhance financial awareness and trust, encouraging first-time buyers to embrace insurance as a vital financial safeguard.” With the stage set for Bima Vistaar’s rollout, India’s insurance landscape is poised for a major transformation, bringing simplified, accessible, and affordable coverage to millions.