Insurance Regulatory And Development Authority of India
Date: 17th September, 2021
To All Life Insurers
Re: Extension of timelines for (a) Issuance of Electronic Policies and (b) Dispensing with Physical Signatures on the proposal forms
Reference is drawn to the Circular No. IRDAI/Life/Cir/Misc/274/11/2020 dated 11th November 2020 and Circular No. IRDAI/Life/Cir/Misc/055/03/2021 dated 22nd March 2021 on Dispensing with physical signatures on proposal forms.
Reference is also drawn to the Circular No. IRDAI/Life/Cir/Misc/207/08/2020 dated 4th August 2020 and Circular No. IRDAI/Life/Cir/Misc/056/ 03/2021 dated 22nd March, 2021 on Issuance of Electronic Policies.
In view of the continuing situation of Covid 19 pandemic, it is decided by the Authority to further extend the exemptions granted vide the above referred Circulars up to 31/03/2022.
All other provisions of the above referred Circulars remain unchanged. This has the approval of the Competent Authority.
(V. Jayanth Kumar)
Chief General Manager (Life Insurance)