A new insurance scheme named Bima Vistaar Yojana is launch soon for rural India. Bima Vistaar is an ‘all-in-one’ insurance product launched by insurance regulator IRDAI. It aims to increase insurance penetration in rural areas and provide a strong social security network. This scheme will give every individual from rural India a cover of up to ₹5 lakh.
The insurance expansion policy integrates life, health, personal accident cover, and property insurance, making it a comprehensive and affordable insurance solution. The plan is expected to be launched by December 2025. It aims to achieve the goal of universal insurance by 2047. We will explore the objectives, benefits, eligibility, coverage details, premium cost, enrollment process, and overall impact of Bima Vistaar Yojana on rural India.
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Overview Bima Vistar Plan
| Scheme Name | Bima Vistaar Yojana |
| Launch Date | December 2025 (expected) |
| Coverage Amount | ₹5 lakh per individual |
| Coverage Type | Life, Health (hospital cash), Personal Accident, Property |
| Price | Uniform and affordable for rural citizens |
| Family Option | Family floater cover available |
| Awareness Campaign Budget | ₹150 crore for 3 years |
| Implementing Bodies | All 26 life insurance companies including LIC |
Bima Vistaar Yojana
Bima Vistaar – all-in-one insurance plan – gives policyholders coverage for life, health, personal accident and property risks. The number of people taking insurance in villages is very less as compared to cities, keeping this in mind it has been decided to start Bima Vistaar Yojana. All life insurance companies, including LIC, will provide this insurance policy at the same price.
This scheme can be a game-changer because it is simple, affordable, and uniform across India. Bima Vistaar will be a combined policy, meaning rural families will not need to take separate insurance plans.  The program offers up to ₹5 lakh in insurance coverage for a variety of hazards, including:
- Unintentional death and disability
- Emergencies in medicine
- Serious diseases
- Natural disasters
Sukanya Samriddhi Yojana Registration, Benefits, Interest Rate
Bima Vistaar Coverage
Bima Vistaar will give a coverage of Rs 2 lakh against for life, personal accident and property insurance. Regulator IRDAI has fixed the premium amount at Rs 1,500 for an individual individual. The scheme is planned to be launched by December 2025.
Many people in villages still don’t understand the importance of insurance. Therefore, the Insurance Expansion Scheme campaign is being launched to ensure that more people can access insurance coverage.
Eligibility Criteria for Bima Vistaar Yojana
- Residency: Must be a permanent resident of a rural area in India.
- Age Limit: Adults between 18 to 60 years can apply.
- Family Coverage: Entire household gets covered under one insurance policy.
- Identity Proof: Aadhaar Card, Voter ID, or any government-recognized ID required.
- Bank Account: Active bank account linked with Aadhaar for premium payments and claim settlements.
Who Can Participate in the Bima Vistaar Yojana?
- Every rural home in every state and union territory.
- Farmers, agricultural workers, and independent contractors.
- Craftsmen, construction workers, and daily wage earners.
- Senior seniors and homes led by women.
- Families who are currently enrolled in other welfare programs may also choose to participate.
- Verification requires an Aadhar-linked identification.
How to Apply for the Bima Vistaar Yojana
By doing the following actions, you may quickly sign up for this program:
- Go to the Common Service Center (CSC) or rural bank branch that is closest to you.
- Give your Aadhaar information and any further supporting documentation.
- Fill out the registration form with the staff’s help.
- Get a confirmation after submitting the application.
- The insurance policy certificate can be downloaded or mailed to you.
- Keep abreast of claim-related information via SMS or mobile applications.
According to the Life Insurance Council, all 26 life insurance companies, including LIC, will provide this insurance policy at the same price. This scheme has the power to uplift millions of rural households, reduce poverty.
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