e-Insurance mandatory from 1 April.

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Last Comment 2024-04-05

Faug

2024-04-05

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Anyone opened the e-insurance account? Which one to choose?

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https://www.desidime.com/discussions/e-insurance-mandatory-from-1-april?page=1#post_9997810

finman_jason

2024-04-05

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They conveniently 'forgot' the discount on premiums part though, while nudging us towards it https://www.business-standard.com/article/pf/will-e-insurance-policies-get-a-discount-on-premium-115021000212_1.html.

All policies issued in electronic form by the insurer directly to the policyholder shall also be issued in physical form if requested by the policyholder.

To save it from being a death knell for the extremely poor and illiterate people, the authority has provisioned for exemptions to this rule.. if it can be proven to be in the interests of the policyholder/s and for the orderly growth of the insurance industry.

Obviously the insurer has to mandatorily seek the choice of the prospect in the proposal form for availing physical policy document.