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

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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 10th September,2020 and Ref: IRDAI/NL/CIR/MISC/064/03/2021 dated 24th 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)

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