The Insurance Regulatory and Development Authority has formed a panel to look into modalities of electronic issue of policies. Mr A. Giridhar, Executive Director, IRDA, is the Chairman of the panel which would have 10 other members from industry and agencies.
The panel, which would submit its reports in a month, will examine various aspects such as mechanism of electronic issue of policies, the legal implications, cost-benefit analysis and operational procedures, among others, said a circular issued on Thursday.