Quote on behalf of Anil PM, Head-Legal and Compliance, Bajaj Allianz Life

Quote on IRDA circular on the issuance of electronic policies – On behalf of Anil PM, Head – Legal and Compliance, Bajaj Allianz Life

“The decision to issue electronic policies without having to also send the physical policy document is a welcome move, considering the current situation which poses quite a challenge for physical policy despatch. This is in fact an opportune time to make the policy issuance process digital. It will enable the industry to facilitate the timely issuance of insurance policies to the customers and will help customers start their life cover on time.”