IRDAI has taken a crucial decision on E-Insurance

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Insurance Regulatory and Development Authority (IRDAI) made it mandatory  for Digitization of insurance policies

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All insurance companies shall provide their policies including life, health and general insurance., in e-insurance form.

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This regulations will come into effect from the new financial year (April 1).  

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Insurance policies are saved electronically in an online account called e-Insurance Account (EIA).  With the help of this account, Policy holders can access the insurance plans online  

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It is completely paperless and online. So documents can be re-downloaded even if they are lost. 

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With e-insurance policies, there is no risk of document loss. Policy details and renewal dates can be easily tracked. Changing address or updating details in the policy is easy.   

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Communication between insurance companies and policy holders will improve.   It will make the claims process more convenient. 

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Special Credit Card for women from Union Bank..  Know the benefits and details

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