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Thursday, December 26, 2013

E-insurance to come into existence from next year

NEW DELHI: Insurance policy document will become digital and paperless like shares in the new year and the policyholders would be saved from preserving the physical copies of their insurance policies. 

From April onwards, policy document would come in electronic form for all the new insurance policy sold. 

Over 25 crore policy holders owning close to 37 crore policies would get their e-insurance in phased manner, CAMS Repository Services Ltd CEO S V Ramanan said. 

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