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Oct 28, 2013
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LIC to offer policies in electronic format from January
Come January, the 25-crore policyholders of Life Insurance Corporation will be able to hold their insurance policies in the electronic form.
The life insurer expects to tie-up with insurance repositories in the next two months, said a top official.S.K. Roy, Chairman, LIC, said, “The guidelines (by the insurance regulator) for insurance repositories say it (tie-up with insurance repositories) is mandatory for a certain class of products and we have to be compliant. We are examining the matter and I expect it to be finalised in the next couple of months.”
Source -
http://www.thehindubusinessline.com
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