IRDAI extends the exemptions granted for issuance of electronic policies till 30.9.2021

Last updated: 26 March 2021

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The Insurance Regulatory and Development Authority of India (IRDAI) has extended the validity of exemptions related to issuing electronic policies. This also includes the dispensation of physical documents and wet signatures on proposal forms. These exemptions will now remain in effect until 30th September 2021.

Insurance Regulatory and Development Authority of India

Circular

Ref. No: IRDAI/NL/CIR/MISC/064/03/2021

Date: 24-03-2021

All General Insurers

Sub: (a) Issuance of Electronic Policies and (b) Dispensing with physical documents and wet signature on the proposal form

This has reference to IRDAI circular Ref: IRDA/NL/CIR/MISC/237/09/2020 dated 10^th September 2020 on the above subject. The exemptions granted for issuance of electronic policies as well as dispensing with physical document and wet signature have been extended upto the period 30/09/2021.

All other contents of the circular remain unaltered.

Sd/-

(Yegnapriya Bharath)

Chief General Manager (Non-Life)

FAQ :

The IRDAI has extended the exemptions granted for the issuance of electronic policies and the dispensing with physical documents and wet signatures on proposal forms.

These exemptions have been extended until 30th September 2021.

This extension refers to IRDAI circular Ref: IRDA/NL/CIR/MISC/237/09/2020 dated 10th September 2020.

No, all other contents of the previous circular remain unaltered.

Notification No : IRDAI/NL/CIR/MISC/064/03/2021
Source : https://www.irdai.gov.in/ADMINCMS/cms/whatsNew_Layout.aspx?page=PageNo4420&flag=1

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