Q. Consider the following statements related to “Bima Vahak”:
1. It is a dedicated distribution channel by the IRDAI to reach out to every Gram Panchayat.
2. It intends to form a women-centric insurance distribution channel.
Which of the statements given above is/are correct?

[A] 1 only 

[B] 2 only 

[C] Both 1 and 2 

[D] Neither 1 nor 2

Answer: C
Notes:

Explanation: IRDAI has set up a 24-member committee to synergize Bima Vahak, Bima Vistaar and the digital platform – Bima Sugam. 

  • Bima Vahak – It is a dedicated distribution channel by the IRDAI to reach out to every Gram Panchayat. 
  • Each Gram Panchayat would have a ‘Bima Vahak’ who would be tasked to sell and service simple parametric bundled insurance products.  
  • Bima Vahak intends to form a women-centric insurance distribution channel. 

Source: FORUMIAS 

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