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New Insurance Policies To Be Issued Only In Electronic Format, Policy On Surrender Value Tweaked From Today, 1 April 2024

Insurance Regulatory and Development Authority of India has said that two new insurance rules are applicable from 01 April 2024. ....

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Insurance new rule: e-Insurance in demat like format mandatory for all new policies from April 1, 2024; what is going to change?

e-Insurance policies new rule: The Insurance Regulatory and Development Authority of India (IRDAI) has made it mandatory to hold new insurance policies in electronic format from April 1, 2024. e-insurance refers to the process of acquiring and managing insurance policies electronically. Policyholders can purchase insurance and store digital policy documents in a dedicated e-Insurance Account (eIA). This eliminates the need for physical documents and simplifies managing various insurance policies, including life, health, and general insurance coverage. What policyholders must know about this new IRDAI rule ....

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IRDAI proposes to have insurance policies in Demat format by December 2022

Insurance policies in Demat format: With this rule, policyholders can have only one e-Insurance Account with an insurance repository of their choice. ....

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