What is E-Insurance
E-insurance is the term for the insurance services’ digitalization, which enables customers to buy, administer, and file claims for their policies online. This creative method makes the insurance procedure more efficient while providing clients with accessibility and ease. Users may easily compare insurance, get rates, and make payments through specialized websites and mobile apps.
E-insurance also speeds up the issue of policies and the processing of claims, minimizing paperwork and administrative burdens. Insurers may also reach a larger audience and customize solutions to meet the demands of individual customers thanks to the digital platform. All things considered, e-insurance transforms the insurance sector by utilizing technology to improve client satisfaction and operational effectiveness.
Is it necessary to have this?
The IRDA on 20th of March 2024, announced via his circular that a person must necessarily have his insurance policies in digital records or hold E- insurance by 1st of April 2024
Where to open my E-Insurance account?
You can easily apply for your E-Insurance via 4 ways:-
Why did IRDA take this step?
- Initiative one more step towards developed and digital India
- Reduce paperwork and safeguard policy holders privacy
- To protect the proceedings of the insurance
