 "Irdai, insurers, brokers, GIC")
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 documents and copy of proposal form in physical form, subject to certain conditions.
This exemption will be valid for all policies issued during 2020-21, it said.
The decision, according to the regulator, follows the feedback received from the life insurers expressing difficulties in printing and dispatch of policy documents and also the desirability
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