IRDAI Unveils Bima Trinity Schemes for Insurance Revolution

February 18, 2025

Current Context: The Insurance Regulatory and Development Authority of India (IRDAI) unveiled the Bima Trinity Schemes during the 9th edition of Bima Manthan on February 13-14, 2025.

IRDAI Unveils Bima Trinity Schemes for Insurance Revolution

The three schemes are:

  • Bima Sugam: A unified digital marketplace for buying, managing, and claiming insurance policies.
  • Bima Vistaar: A comprehensive insurance product covering life, accident, property, and surgical hospitalization.
  • Bima Vahak: A women-centric insurance field sales force operating at the Gram Sabha level.

Question:

1. What are the three schemes introduced by IRDAI under the Bima Trinity during the 9th edition of Bima Manthan on February 13-14, 2025?
a) Bima Setu, Bima Jyoti, Bima Raksha
b) Bima Sugam, Bima Vistaar, Bima Vahak
c) Bima Saral, Bima Nivesh, Bima Utsav
d) Bima Yojana, Bima Sathi, Bima Mitra

Answer:b) The IRDAI introduced the Bima Trinity Schemes during Bima Manthan 2025 to enhance insurance accessibility. Bima Sugam is a digital insurance marketplace, Bima Vistaar offers comprehensive coverage, and Bima Vahak is a women-led rural insurance distribution network.

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