Insurers concerned about data handling in new digital regime

The potential penalty of ₹250 crore for breach of provisions of the new digital laws has rattled insurers whose nearly 30 lakh agents range from matriculates to high end professionally qualified people. With no case law yet, insurers fear that numerous frivolous cases could crop up

The introduction of Digital Personal Data Protection Bill, 2023 applies to digital or physical data and covers personal data, except what is publicly available or under legal obligation. This new law is about how personal information is handled and covers data shared online or offline that gets turned into digital format. The law is about how companies use personal information and getting permission from individual before using data.