According to reports, the Insurance Regulatory Development Agency of India (IRDAI) is currently offering a discount on the premium amount when policyholders take insurance electronically (E-Insurance).
In the insurance sector, policy holders are currently taking insurance either directly from the insurance office or through agents they know. In this case, copies of required documents should be provided. In this, there is a possibility of confusion and delay for the insurance customers.
Insurance companies to simplify this process
They are also currently offering E-Insurance services. Through this service, customers can apply for insurance through the websites of insurance companies or through Android apps downloaded on mobile phones.