look news india
New rules for insurance: Insurance Regulatory and Development Authority of India (IRDAI) has made digitalization mandatory for insurance policies, which will be effective from the new financial year i.e. April 1, 2024.
Under this directive, all insurance policies of various categories including life, health and general insurance will be done in electronic form.
In e-insurance, insurance plans are managed through a secure online platform. Hence e-insurance is done in the form of an account. Under this initiative, policyholders are assured of protection while availing the facility.
No risk of losing documents
He highlighted the convenience provided by e-insurance to India and said that with all insurance policies being held in electronic format and accessible through e-insurance account, management of insurance plans became easier than before. Is. The risk of document loss can be reduced and essential information can be kept in perfect condition.
Claim settlement process will be simplified
He further said that this digital transformation will enhance interactions between insurers and policyholders, thereby simplifying the claim settlement process.