Soon, keep your insurance policies in DigiLocker

Soon you will be able to keep your insurance policies in electronic form in a DigiLocker. In order to digitize the insurance sector to make life simpler for policyholders, the Insurance Regulatory and Development Authority of India (Irdai) has asked insurers to issue digital policies via DigiLocker.

As the name suggests, DigiLocker is a “digital locker app” where you can securely save copies of all your documents. DigiLocker is the Government of India’s cloud-based platform for issuance and verification of documents and certificates digitally. DigiLocker allows access to documents like vehicle registration, PAN, Aadhaar anytime, anywhere and enables sharing of documents digitally for verification.

This will help policyholders access their insurance information on the go and eliminate the need for physical documents. “This is indeed a constructive step to reduce paper-based documentation and eliminate the frequent problem of loss or misplacement of the policy document,” said Priya Deshmukh Gilbile, chief operating officer, ManipalCigna Health Insurance.