Archive · 21 Nov 2025
Bima Vistaar Rollout Delayed Amid Pricing Concerns
The launch of Bima Vistaar, a planned all-in-one affordable insurance product, has been delayed for over two years.
The delay is due to technical problems and disagreements about the product's price.
The Insurance Regulatory and Development Authority of India (IRDAI) wants to launch the product as part of its 'Insurance For All' and 'Viksit Bharat' visions by 2047.
However, insurers need to finish integrating their systems with the Bima Sugam platform and agree on the product's price before it can be launched.
Bima Vistaar, an all-in-one affordable insurance product, has been delayed
Delay is due to technical issues and pricing concerns
Product was initially planned to launch in April 2025
IRDAI aims to roll out the product by 2047
Insurers expect fresh discussions on pricing and riders
- Who
- IRDAI, insurers, and the public
- What
- Delayed rollout of Bima Vistaar
- When
- Initially planned for April 2025, now expected in the next financial year
- Where
- India
- Why
- Technical issues and pricing concerns
IRDAI's Perspective
Insurers' Perspective
Product Launch
IRDAI's Perspective
IRDAI aims to launch Bima Vistaar by 2047 as part of its visions
Insurers' Perspective
Insurers expect fresh discussions on pricing and riders before launch
- Product Name
- Bima Vistaar
- Proposed Launch Date
- April 2025
- Expected Launch Date
- Next financial year
- Coverage
- Life, health, personal accident, and property
- Initial Proposed Price
- ₹1,500 per individual