E-insurance may become compulsory for all policyholders

-Sponsored Ads-

A proposal to digitalis all insurance policies has been presented to the Insurance Regulatory and Development Authority of India (IRDAI). As per this, policyholders may have to pay a certain fee if they wish to keep a physical copy of the policy.

General insurance executives said that this could come into force in the next 2-3 years time since the industry has to first clear the backlog of digitising existing policies.

While a final timeline is yet to be announced, officials said that the regulator is keen on getting this done.

Read more at: http://goo.gl/47i7qf

Be the first to comment

Leave a Reply

Your email address will not be published.