About My Health Careers Internship MedBlogs Contact us
Medindia LOGIN REGISTER
Advertisement

Insurance Sector Moving Towards a Paperless Model

by Lyju Kuruvilla on February 20, 2012 at 12:41 PM
Font : A-A+

 Insurance Sector Moving Towards a Paperless Model

The Insurance Regulatory and Development Authority Chairman J. Hari Narayan said that within a year the insurance sector would be moving towards paperless model. To suit the requirements of a paperless insurance industry, the IRDA was working on the data repositories and contractual liabilities.

To manage the repository, 3 to 4 companies were shortlisted. Insurance policies taken by consumers in a year to the tune of Rs. 5-6 crores would be fed into the database while the backlog data would be gradually ported.

Advertisement

It would function like National Securities Depository Limited (NSDL) that handled most of the securities held and settled in dematerialized form in the Indian capital market.

Mr. Hari Narayan said that the insurance sector should focus on winning the trust of people that their savings in insurance schemes would get good returns as at present most of the savings went into gold or land.

Source: Medindia
Advertisement

Advertisement
News A-Z
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Advertisement
News Category
What's New on Medindia
Coffee May Help You Fight Endometrial Cancer
Fermented Skin Care
Television Binge-Watching May Boost the Risk of Deadly Blood Clots
View all

Medindia Newsletters Subscribe to our Free Newsletters!
Terms & Conditions and Privacy Policy.

More News on:
Star Health and Allied Insurance ICICI Lombard General Insurance Company Limited Health Insurance - Ombudsman Health Insurance - Basics New India Assurance Policies Awareness about Healthcare Insurance in India Premium Calculation by Health Insurance Companies Fraudulent Health Insurance Claims Key Procedures for Filing a Healthcare Insurance Claim Latest on The New India Assurance Company Ltd 

Recommended Reading
Comprehensive Health Insurance Scheme in Tamil Nadu
The Chief Minister''s Comprehensive Health Insurance Scheme will benefit 1.34 crore families. Sum .....
Fraudulent Health Insurance Claims
To educate the public regarding hazards of committing fraud in healthcare insurance claims and its ....
ESIC: India’s Health Insurance and Social Security System to Protect Workers and Their Dependents
The Employees' State Insurance Corporation of India (ESIC) is a multidimensional health insurance .....
Health Insurance Tax Credits Planned in Obama’s Budget
Under the Affordable Care Act, President Obama has proposed a budget which includes expanded tax ......
Awareness about Healthcare Insurance in India
A basic awareness about Indian health insurance for any layman for quick reference presented in a cr...
Health Insurance - Basics
Health insurance guarantees payments to a person in the event of sickness or injury.and works as pr...
Health Insurance - Ombudsman
Insurance Ombudsman institutions work for the purpose of quick disposal of the grievances of the ins...
ICICI Lombard General Insurance Company Limited
Major health care plans from the ICICI Lombard include complete health insurance ihealth plan, perso...
Key Procedures for Filing a Healthcare Insurance Claim
keep yourself well informed about the claim process and avoid frustration of your claim getting ......
New India Assurance Policies
The existing Mediclaim and Health Plus Medical expenses policies have been discontinued and Mediclai...
Premium Calculation by Health Insurance Companies
This article gives an insight as to how healthcare insurance policy premiums are collected by Insura...
Star Health and Allied Insurance
Star Health & Allied Insurance offers a convenient insurance for the corporate people when they tra...

Disclaimer - All information and content on this site are for information and educational purposes only. The information should not be used for either diagnosis or treatment or both for any health related problem or disease. Always seek the advice of a qualified physician for medical diagnosis and treatment. Full Disclaimer

© All Rights Reserved 1997 - 2022

This site uses cookies to deliver our services. By using our site, you acknowledge that you have read and understand our Cookie Policy, Privacy Policy, and our Terms of Use
open close
ASK A DOCTOR ONLINE
I have read and I do accept terms of use - Telemedicine

Advantage Medindia: FREE subscription for 'Personalised Health & Wellness website with consultation' (Value Rs.300/-)