IRDAI Advises Insurance Provider to Adopt DigiLocker

IRDAI Advises Insurance Provider to Adopt DigiLocker

Insurance Regulatory Authority of India (IRDAI) has issued a circular, advising all Insurance companies for issuance of Digital Insurance Policies via DigiLocker.

The Circular states, “in order to promote the adoption of Digilocker in the insurance sector, the Authority advises all insurers to enable their IT systems to interact with Digilocker facility to enable policyholders to use Digilocker for preserving all their policy documents.”

Further it also states that the insurers should inform their retail policy holders about Digilocker and how to use it. Digilocker team in National e-Governance Division (NeGD) under Ministry of Electronics and Information Technology (MeitY) will provide necessary technical guidance and logistic support to facilitate adoption of Digilocker.

However, insurance certificate is an important document for a citizen and his/ her family. Timely access to insurance certificates can be of critical importance. Thus, providing digital insurance certificates through DigiLocker would be of significant convenience to citizens.

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