Bima vistaar Flashcards
1
Q
What is Bima Vistaar ?
A
It is an insurance product of IRDAI
2
Q
Target audience ?
A
Rural communities
3
Q
What is the price per policy ?
A
Rs 1500 per person
If 920 more is paid, then at Rs 2420, it can be covered as a Family insurance plan
4
Q
What are the types of insurance covered in this ?
A
Life cover - 820 premium
Health cover - 500 premium
Property cover - 100 premium
Accident cover - 80 premium
5
Q
What is the sum assured for Life cover or Accident cover o Property cover ?
A
2 lakh each
6
Q
What is the sum assured for Health cover ?
A
Hospicash = 500 * 10 = 5000
Or one time Rs 5000
7
Q
Do the agents get any benefit ?
A
10% commission
8
Q
What is India’s insurance penetration ?
A
4%
Global – 6.8%
