IRDAI extends exemption from physical proposal form & wet signature till 31.03.2022

INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA

Circular

Ref. No: IRDAI/NL/CIR/MISC/247/09/2021

Date: 13-09-2021

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

To

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: No. IRDA/NL/CIR/MISC/237/09/2020 dated 10^th September,2020 and Ref: IRDAI/NL/CIR/MISC/064/03/2021 dated 24^th March, 2021 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 31/03/2022.

All other contents of the circular remain unaltered.

Sd/-
(Yegnapriya Bharath)
Chief General Manager (Non-Life)