Bima Vahak : IRDAI

The Insurance Regulatory and Development Authority of India (IRDAI) has announced that the
guidelines for the women-centric insurance distribution channel called “Bima Vahak” will
become effective upon the launch of “Bima Vistaar,” an all-in-one standard insurance product
currently under development.

  • The primary objective of Bima Vahak is to establish a dedicated distribution channel
    focused on enhancing insurance inclusion and awareness in every village/gram
    panchayat, thereby increasing the accessibility and availability of insurance throughout
    the country.
  • IRDAI stands for the Insurance Regulatory and Development Authority of India. It was
    established on April 19, 2000 to regulate the insurance industry in India.
    IRDAI’s responsibilities include:
  • Regulating and licensing the insurance and re-insurance industries in India
  • Protecting the interests of policyholders
  • Promoting the orderly growth of the insurance industry in India