Updated Feb 12, 2021 | 17:30 IST
The IRDAI in a recent circular directed all insurance companies to issue digital insurance policies via the DigiLocker app. Soon all digital insurance policies to be issued via this app; details inside
New Delhi: Insurance sector regulator Insurance Regulatory Authority of India (IRDAI) in a circular dated February 9, 2021, advised all Insurance companies to issue digital insurance policies via the government s DigiLocker app.
This will lead to better customer experience with faster claims processing and settlement, reduction in disputes and reduction in fraud, said the Ministry of Electronics & Information Technology (MeITY) in a statement on Friday.
“In order to promote the adoption of Digilocker in the insurance sector, the Authority advises all insurers to enable their IT systems to interact with Digilocker facility to enable policyholders to use the app for preserving all their policy documents.