The insurance policies will be in dematerialized form, according to a report
The report stated that the issue of policies in demat form will significantly bring down costs and improve efficiency.
The working group constituted by IRDA is headed by A Giridhar who will be the chairman of the working group, adds report.
There are reports that from the life industry, it will have Sandeep Bakhshi, MD, ICICI Prudential Life, Jayant Dua, MD, Birla Sun Life, V Phillip, CEO, Bajaj Allianz Life, Amitabh Choudhary, HDFC Standard Life. Garuav Garg, MD, Tata AIG Life Insurance is the sole non-life member.
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