News From Press IRDAI permits life insurers to issue policies electronically amid Covid pandemic

IRDAI permits life insurers to issue policies electronically amid Covid pandemic

The Insurance Regulatory and Development Authority of India (IRDAI) issued a circular exempting the life insurance companies from the requirement of issuing policy document and copy of proposal form in physical form, subject to certain conditions.

The Economic Times Aug 5, 2020

Amid rising cases of coronavirus and disruption in normal business activities, regulator IRDAI on Tuesday allowed life insurers to issue life insurance policies electronically. The Insurance Regulatory and Development Authority of India (IRDAI) issued a circular exempting the life insurance companies from the requirement of issuing policy document and copy of proposal form in physical form, subject to certain conditions.

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