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homefinance NewsExclusive | All new insurance policies should be available in demat form by Dec 2022: Insurance regulator

Exclusive | All new insurance policies should be available in demat form by Dec 2022: Insurance regulator

By Yash Jain | Sept 9, 2022 11:39 AM IST (Updated)

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Dematerialisation means converting physical policy document into a modifiable online object. It means that a person will no longer need to indulge in paperwork at time of renewing the policy.

finance | Sept 7, 2022 1:55 PM IST

The Insurance Regulatory and Development Authority of India (IRDAI) has mandated dematerialisation of new insurance policies by December 2022, sources informed CNBC-TV18.com. The insurance regulator has also asked insurance companies to dematerialise existing/old policies by December 2023, sources said.