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Guidelines on Bima Vahaks
October 17 , 2023
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- The Insurance Regulatory and Development Authority of India (IRDAI) issued guidelines on Bima Vahaks.
- This is the women-centric, dedicated distribution channel for enhancing insurance inclusion with a focus on rural areas.
- IRDAI plans to deploy ‘Bima Vahaks’ in every Gram Panchayat across the country by December 31, 2024.
- Bima Vahaks are expected to have a key role in taking Bima Vistaar, or affordable, accessible and comprehensive cover mooted by the regulator, to the target segment.
- The Bima Vahaks (individual as well as corporate) are to be provided with handheld electronic communication devices.
- These devices are integrated to the electronic platform of the insurers and sell and service Bima Vistaar and other products specified by the regulator.
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