The Insurance Regulatory and Development Authority of India (IRDAI) vide its notification dated 31st March 2022 has extended the facilitation of dispensing with physical signatures and wet signature on proposal forms in respect of health insurance policies for a further period of SIX (6) months i.e up to the period 30th September 2022.
Due to covid-19 pandemic, IRDAI allowed health and general insurance companies to continue issuing health insurance policies in electronic form and without insisting on a physically signed proposal form till March 31, 2022 which has now been extended till 30th September 2022.
Further, it is clarified that the facilitation exempting insurers from issuance of policy documents in physical form, granted under proviso to Regulation 4 (iii) of IRDAI (Issuance of e-insurance policies) Regulations, 2016, is no longer extended.
