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TMI BlogOnline Sale of Insurance Policies by Insurance CompaniesX X X X Extracts X X X X X X X X Extracts X X X X ..... Online Sale of Insurance Policies by Insurance Companies X X X X Extracts X X X X X X X X Extracts X X X X ..... 3:00 IST Insurance Regulatory and Development Authority (IRDA) has informed that all Insurance Companies functioning in the country are selling their policies online except Agriculture Insurance Comp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... any of India Limited (AICIL), Export Credit and Guarantee Corporation(ECGC), L&T General Insurance, Raheja QBE General Insurance , SBI General Insurance and Shriram General Insurance. IRDA has inform ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed that the likely benefits of purchasing policies online are as under:- i. Availability of Lower Premium rates due to reduced operational expenses of the company. ii. Quick and Hassle free purchase ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of the policies iii. Policyholder may take an informed decision by looking into the products available online. iv. Renewal of the policy becomes easier. v. In case of a claim event, intimation may ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... be given in a faster way that otherwise. The manner of settlement of claims are as per Terms and Conditions of the Policy issued by the insurance companies. This was stated by the Minister of State ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for Finance, Shri Namo Narain Meena in a written reply to a question in the Lok Sabha today.
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