 "IRDAI")
The insurance regulator on Wednesday urged the companies to open e-insurance accounts (e-IA) for their customers, which would act as the first step towards dematerialisation of insurance policies. The regulator is also keen on developing Bima Sugam, a digital platform for selling, servicing, and settling claims.
e-IAs serve as a repository of all insurance policies that the customers have subscribed to. The regulator has been discussing with the insurance industry on dematerialisation of insurance policies, a move aimed at increasing customer convenience.
The Insurance Regulatory and Development Authority of India (Irdai) has held consultations with the insurance, both life and
