Welcome to our forums...

If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.


+ Reply to Thread
Results 1 to 2 of 2
  1. #1

    Post IRDA issues guidelines for e-insurance policies

    In order to reduce transaction costs and ensure swift modifications in insurance policies, the sectoral regulator Irda today unveiled guidelines for issuing them electronically. It also laid down the guidelines for repositories, which compile and store data about policyholders on behalf of insurance companies. Now, insurance companies can sell all the polices, be it life, pension and non-life, in the electronic form. Irda said that making available e-insurance policies would bring about efficiency, transparency and cost reduction in issuing and maintaining them.

    The guidelines state that an insurer issuing 'e-insurance policies,' shall have to take services of a registered repository. A certified insurance repository has to have a net worth of at least Rs 25 crore, without any foreign investment, and wherein no insurance company can hold over 10 per cent or hold any managerial position. Further, the guidelines said that an insurer can enter into an agreement with one or more insurance repositories for maintaining the electronic insurance policies.

    More...

  2. #2

    Post India Insurance - IRDA E-policy Guidelines

    Interesting guidelines from IRDA....


 
+ Reply to Thread

Similar Threads

  1. Irda issues guidelines on distance marketing of insurance policies
    By IndiaInsurance in forum Indian Insurance News - Insurance News India
    Replies: 0
    Last Post: 6th April 2011, 10:22 PM
  2. IRDA issues draft MandA guidelines for general insurers
    By IndiaInsurance in forum Indian Insurance News - Insurance News India
    Replies: 0
    Last Post: 11th February 2011, 08:50 PM
  3. Irda issues Ulip guidelines, raises lock-in period to 5 yrs
    By IndiaInsurance in forum Indian Insurance News - Insurance News India
    Replies: 0
    Last Post: 28th June 2010, 11:05 PM
  4. Irda issues stringent guidelines for Ulips
    By IndiaInsurance in forum Indian Insurance News - Insurance News India
    Replies: 0
    Last Post: 4th May 2010, 03:25 AM
  5. IRDA issues final guidelines on corp governance for ins sector
    By IndiaInsurance in forum Indian Insurance News - Insurance News India
    Replies: 0
    Last Post: 5th August 2009, 10:15 PM

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts