The Insurance Regulatory and Development Authority of India (“IRDAI”) had earlier issued instructions allowing insurers to obtain the customer’s consent through electronic means i.e., without requiring wet signature on the proposal form, for the business solicited by individual Insurance Agents and Insurance Intermediaries under all products, till 31st March, 2021
The IRDAI has now extended this timeline to 30th September,2021 and till then customer’s consent can be obtained through electronic means as reported earlier.
Source : Insurance Regulatory and Development Authority of India
