PI moment for insurance Bima trinity may be a gamechanger for the sector in 2024

The eagerly awaited ‘Bima Trinity’ platform, initially scheduled for launch in January 2023 and later extended to August 2023, is now set to be launched in June 2024. The platform aims to bridge protection gaps in various insurance lines and increase the availability, affordability, and accessibility of insurance products for a larger population. It seeks to simplify the insurance purchase process and create a more seamless experience for policyholders. While there may be challenges in implementing ‘Bima Trinity’, its potential to increase insurance inclusion in India is significant, aligning with the nation’s thriving economy and young population.