New regulations mandate digital insurance policies from April 1

From April 1, 2024, all insurance policies must be issued in electronic format as per IRDAI regulations. Insurance companies are required to issue digital policies through authorized repositories like CAMS, Karvy, NSDL, and CIRI. Policyholders can open e-insurance accounts to manage digital policies effortlessly. Existing policies can still be held in physical form if preferred, with the option to convert to digital.

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