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New insurance rule: What is e-Insurance? Benefits of e-Insurance Account for policyholders | Business

Financial Literacy News: Starting April 1, 2024, you must keep your insurance policies in electronic format, similar to the way investors store shares in a demat account. The Insurance Regulatory and Development Authority of India (IRDAI), in its "Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers Regulations, 2024," has mandated that every insurer must have a board-approved policy for issuing insurance policies in electronic form, as stated in its notification. ....

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