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Digital Policies Become Mandatory For All Insurance Holders: How To Convert? - Trak.in - Indian Business of Tech, Mobile & Startups

Digital Policies Become Mandatory For All Insurance Holders: How To Convert? - Trak.in - Indian Business of Tech, Mobile & Startups
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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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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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