INSURANCE
IRDAI extends dispensation for physical signatures on proposal form in respect of health insurance policies
Apr-01-2022

The Insurance Regulatory and Development Authority of India (IRDAI) has extended dispensation for physical and wet signatures on the proposal form in respect of health insurance policies permitting insurers to issue electronic health insurance policies for a further period of six months up to September 30, 2022.

Earlier, the dispensation for physical and wet signatures on the proposal form was up to March 31, 2022. Further, it is clarified that the facilitation exempting insurers from issuance of policy documents in physical form, granted under proviso to Regulation 4 (iii) of IRDAI (Issuance of e-insurance policies) Regulations, 2016, is no longer extended.

  RELATED NEWS >>