Bima Vistaar is an innovative insurance product which combines property, life, and health insurance into a single policy and which has on user-friendly terms and digital verifications.
The coverage uses Clearwater Dynamics technology to provide 24/7 operations room monitoring and reporting and is backed by Lloyd's and A-rated London market insurers.
Effective September 29th, 2023, the responsibility of the Life Insurance Code of Practice will transition from the Financial Services Council (FSC) to CALI.
The US$830m investment aims to capitalise on China's growing elderly care sector, but comes at a time when the segment is undergoing regulatory change and increased scrutiny.
