IRDAI extends timelines for Issuance of Electronic Policies and Dispensing with Physical documents and wet signature on the proposal form for health insurance policies

Sep 15, 2021 | by Avantis RegTech Legal Research Team

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Industry Specific Compliance

The Insurance Regulatory and Development Authority of India (IRDAI) on September 14, 2021 has issued extension of timelines for Issuance of Electronic Policies and Dispensing with Physical documents and wet signature on the proposal form for health insurance policies, keeping in mind the continuing situation of Covid-19 pandemic, in partial modification of Clause No. 5 of the within referred circular dated September 10, 2020 the timelines for (a) Issuance of electronic policies and (b) dispensing with physical signatures and wet signature on the proposal form in respect of health insurance policies, has been extended.

The previous timeline for (a) Issuance of electronic policies and (b) dispensing with physical signatures and wet signature on the proposal form in respect of health insurance policies, was September 30, 2021 which has been further extended to March 31, 2022.

[Circular Ref. No: IRDAI/HLT/REG/CIR/248/09/2021]

 


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