Sentences with phrase «digitised policies»

The regulator is now mulling on making digitised policies mandatory for insurance with a premium of above Rs 50,000.

Policyholders have an option to choose to either digitise their policy or to have it in existing format

«Though they (IRs) would digitise policies, we do not know what the add - on services are.

Policy holders have an option to choose to either digitise their policy or to have it in the existing format.

Policyholders have an option to choose to either digitise their policy or to have it in the existing format.

Not exact matches

But, once the model was in place, he and his team began approaching financial institutions and digitising their credit policies, while also integrating with their (FIs) systems.

Not even 10 % of all policies in the industry have been digitised, due to resistance from both, industry players and customers

However, not even 10 per cent of the total number of policies in the industry has been digitised due to both the reluctance of some industry players because of costs involved and the customers, who still prefer physical policy documentation.

S V Ramanan, chief executive officer of CAMS Repository Service (CAMSRep) said that 1,10,000 policies have been digitised, but he added that many customers are not aware of this process.

CAMSRep, he said has digitised 70,000 policies across 380 plus locations.

Though Irda has only allowed life insurance policies to be digitised first, regulatory officials added that non-life policies like health and motor would also be allowed to be digitised in the near future.

«If an IR offers a better price, there would a tendency to push a customer to get his / her policy digitised with that particular entity.