The Insurance Regulatory Authority issued a circular advising insurance companies
Policyholders will be helped to secure policy related documents
The Insurance Regulatory Authority of India (IRDAI) has asked insurance companies to issue digital insurance policies through Digilocker. For this, IRDAI has issued a circular to all insurance companies.
Digilocker in the insurance sector, a circular issued by IRDAI said, adding that this step has been taken to increase the use of Digilocker in the insurance sector. It also asked all companies to develop an IT system that supports Digilocker. According to IRDAI, the move will help policyholders keep all their policy-related documents safe in Digilocker.
Companies must provide information on how to use Digilocker The
circular states that all insurance companies must inform their retail policyholders about Digilocker and how to use it. According to the circular, technical and logistical support will be provided to tech companies under the Ministry of Electronics and Information Technology.
Claim processing will
speed up The use of Digilocker in the insurance sector will reduce costs and eliminate the problem of non-delivery of policy copies, the circular said. In addition, there will be a boom in claim processing and settlement. Disputes and fraud will be reduced and communication with consumers will be improved.
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Authentic Document Received on Digilocker The
Ministry of Electronics and Information Technology has launched the Digilocker app under the Digital India program. On this app, consumers get authentic documents or certificates in digital format. This document is released from the respective company.
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Authentic Document Received on Digilocker The
Ministry of Electronics and Information Technology has launched the Digilocker app under the Digital India program. On this app, consumers get authentic documents or certificates in digital format. This document is released from the respective company.
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Minister of State Sanjay Dhotre has insisted that
Electronics and Information Technology Minister Sanjay Dhotre has written a letter to Minister of State for Finance Anurag Thakur to announce the digital policy through Digilocker. It is advised that a circular be issued from IRDA for a digital insurance policy. At the same time, it has been advised to consider all the documents released by Digilocker as valid documents. IRDAI has since issued this circular.
What is Digilocker?
Digilocker is a kind of digital vault. The government has developed it to keep important documents digitally safe. At present, the app can store documents or certificates related to 22 services of the Central Government and 36 services of the State Government. Apart from this health, banking and insurance related services can also be taken through it.
Aadhaar number required to use Digilocker Users have to create an account to use Digilocker. It requires a base number. At the same time, the mobile number of the users also needs to be linked with Aadhaar. The Aadhaar number will have to be submitted at the time of logging in. Then OTP (One Time Password) will come on the mobile number. The login process will be completed as soon as you enter this OTP.
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Minister of State Sanjay Dhotre has insisted that
Electronics and Information Technology Minister Sanjay Dhotre has written a letter to Minister of State for Finance Anurag Thakur to announce the digital policy through Digilocker. It is advised that a circular be issued from IRDA for a digital insurance policy. At the same time, it has been advised to consider all the documents released by Digilocker as valid documents. IRDAI has since issued this circular.
What is Digilocker?
Digilocker is a kind of digital vault. The government has developed it to keep important documents digitally safe. At present, the app can store documents or certificates related to 22 services of the Central Government and 36 services of the State Government. Apart from this health, banking and insurance related services can also be taken through it.
Aadhaar number required to use Digilocker Users have to create an account to use Digilocker. It requires a base number. At the same time, the mobile number of the users also needs to be linked with Aadhaar. The Aadhaar number will have to be submitted at the time of logging in. Then OTP (One Time Password) will come on the mobile number. The login process will be completed as soon as you enter this OTP.
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