Buying a digital policy? Share it with family for emergency purpose

They will need access to policy details in case of an eventuality

The Insurance Regulatory and Development Authority of India (IRDAI) has issued additional guidelines on the issuance of electronic policies (e-policies), exempting insurers from issuing a policy document or using a hard copy of the proposal form for all individual health insurance policies.

This is a timely move with Covid-19 infections still on the rise. Says Gurdeep Singh Batra, head-retail underwriting, Bajaj Allianz General Insurance: “Issuing of e-policies is definitely a positive step considering the current pandemic situation and the challenges in issuing physical policy documents or proposal forms.”
 

This move towards digitisation is expected to reduce the time required to