After IRDAI approved Bima Sugam (An amazon-like platform), an e-insurance account is likely to become mandatory for all policyholders. What is an E-Insurance Account? An e-insurance account (eIA) will be an electronic account (on Bima Sugam) where a policyholder can… Continue Reading
It has come to the notice that, the Insurance Regulatory and Development Authority of India (IRDAI) has provided approval for Bima Sugam. The regulator has asked insurance companies to become part of Bima Sugam by January 2023. This can be… Continue Reading
On 29 September 2022, The Insurance Regulatory Development Authority of India (IRDAI) released an exposure draft on dematerialisation of new insurance policies and requested all stakeholders to comment on the proposed regulations by October 20. With the exposure draft, IRDA… Continue Reading