Policyholders may soon get a discount on premium if they purchase electronic insurance policies directly through an electronic platform.
E-insurance, or electronic insurance policy, means a digitally signed document evidencing the insurance contract issued to a policyholder by an insurer in an electronic form through a registered insurance repository. An electronic platform means a platform set up in compliance with the Irdai’s guidelines issued from time to time for soliciting and servicing insurance policies through electronic mode.
