Insurance may soon get demat form

After shares and mutual funds, its now the turn of insurance policies to be digitised, with insurance regulator IRDA expected to give the nod for making policies available in demat form.

Several aspects related to making insurance policies available in demat form have been discussed, Life Insurance Council Secretary General S B Mathur said.

If the proposal becomes a reality, new life insurance policies and over 35 crore life insurance policies  that are in force will have the option of being held in electronic form.