Relationship manager
For every customer
Digitization of Health Insurance Policies from January 2014
Finance minister P.Chidambaram recently asked IRDA, the insurance regulatory body to make the digitization of insurance policies mandatory across the life and general insurance segments. Chidambaram quoted that all policies, life and non-life, should be digitized and put on a repository system. Digitization was initially proposed for the life insurance. But it will be extended to health and motor insurance too by January 2014. Simply put, digitization of insurance policies implies that the policies will be stored in an electronic format so as to facilitate the storage, retrieval and modification of the documents via online platforms. Insurance repositories are expected to implement digitization by January 2014. These e-insurance services will first be applied to life insurance sector and then will be extended to general insurance sector.
Policybazaar exclusive benefits
30 minutes claim support##
(In 120+ cities)
24*7 claims assistance
In 30 mins. guaranteed*
Instant policy issuance
No medical tests~
People trust Policybazaar^
10.5 crore
Registered consumers
51
Insurance partners
5.3 crore
Policies sold
Policybazaar is one of India's leading digital insurance platform
Find affordable plans with up to 25% Discount**
Select members you want to insure
More Members
Maximum child sum can be 4
-
Home
-
Health Insurance
-
Individual Health Insurance
-
News - IHI
- Digitization of Health Insurance Policies from January 2014
Digitization will bring a multitude of benefits to both parties, the insured and the insurer.
- It will make the policyholder free of the worry of losing the physical policy documents
- It will make it possible for the policyholder to pay premium and renew policies online
- For the insurers, this initiative is expected to bring down the policy issuing and managing costs
- It is expected to increase the efficiency and effectivity of insurance services
- Any change or update can be done fast and easy via e-insurance account
- It is an eco-friendly initiative as the paperwork will be reduced
As of now, IRDA has appointed five companies as the official insurance repositories under Insurance Repository System (IRS) - NSDL Database Management Limited, Central Insurance Repository Limited, SHCIL Projects Limited, CAMS Repository Services Limited and Karvy Insurance Repository. Digitization will work in a very simple manner. Every policyholder will be assigned an e-insurance account via which he will be able to access the policy documents anytime, anywhere in the world and even download a copy, as and when needed.
The best thing about the initiative is that the digitization won’t come as an additional financial burden on the policyholder. The insurance companies are going to pay directly to the insurance repositories for their services without incurring any fraction of the cost on the policyholders.
Search
Health insurance companies
Disclaimer: The list mentioned is according to the alphabetical order of the insurance companies. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in
Health Insurance Articles
- Recent Article
- Popular Articles
19 Jun 2025
How to Find a Health Insurance Policy Number?
Medical emergencies arrive unannounced and can leave you with
Read more
12 Jun 2025
How to Increase Your Health Insurance Coverage...
Health insurance is an essential part of financial planning today
Read more
22 Apr 2025
10 New Health Insurance Rules for Senior Citizens
Life after retirement should be about relaxation and not worrying
Read more
28 Mar 2025
OPD Health Insurance for Senior Citizens
As people age, their health deteriorates, making them more
Read more
27 Mar 2025
How Can OPD Health Insurance Help You Save Money?
For years, health insurance has been synonymous with hefty medical
Read more
*We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30- minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881.
*Product information is authentic and solely based on the information received from the Insurer. Policybazaar is acting only as a facilitator and claims settlement shall be at the sole discretion of the Insurer. Policybazaar does not provide any medical or surgical advice or diagnosis and is not responsible for your interactions / treatment by a medical practitioner/hospital. Please consult a registered medical practitioner for any medical or surgical advice. The Information that you obtain or receive from Policybazaar, and its employees, or otherwise on the Website is for informational purposes only. As per the Insurance guidelines, you are allowed to cancel the policy with-in 30 days from the date of Issuance of policy.This option is available incase of policies with a term of one year or more.
*All the health insurance plans cover hospitalization expenses including COVID-19 treatment cover up to the specified limits. You can also buy specific COVID-19 health insurance policies such as Corona Kavach Policy and Corona Rakshak policy.
**All savings and online discounts are provided by insurers as per IRDAI approved insurance plans. #Tax Benefits are subject to changes in tax laws. GST Exemptions depend on fulfilment of qualification criteria and submission of relevant documents.
*₹1748/month is the starting price for a 1 crore health insurance for an 18-year-old male, with no pre-existing diseases. Discount on renewal premium is subject to the number of wellness points earned in the health insurance policy. For more details about the plans, please read the sale brochure carefully to get upto 100% discount on renewal premium.
*₹400/month is the starting price for ₹ 5 lakh Health insurance for a 30 year old male & 29 years old female, living in Delhi with no pre-existing diseases
*₹541/month is the starting price for ₹ 10 lakh Health insurance for a 30 year old male & 29 years old female, living in Delhi with no pre-existing diseases
*₹762/month is the starting price for ₹ 1 Crore Health insurance for a 30 year old male & 29 years old female, living in Delhi with no pre-existing diseases
*₹243/month(₹ 8/day) is the starting price for a 5 lakh health insurance for a 20-year-old male, non-smoker, living in Bengaluru with no pre-existing diseases
*₹2020/month is the starting price for ₹ 1 Cr Health insurance for a 50 year old male & 50 years old female, living in Bangalore with no pre-existing diseases rounded off to nearest 10.
*₹390/month (₹13 per day) is starting price for 1 cr. Health insurance for 25 years old male, with pre-existing diseases, residing from tier 1 city rounded off to the nearest 10.
*No medical tests are required unless requested by the insurer’s underwriter. In-case of pre-existing diseases relevant medical proof would be required as per the terms and condition of the policy opted.
*The values taken for effective cost calculation are indicative values and may change as per the selected plan.
*Coverage upto double the amount of Sum Insured is available on certain covers for a minimum plan of Rs. 5 Lakh on the first claim only to an individual of upto 45 years of age with no pre-existing diseases. The benefit is available with or without extra cost depending on the plan chosen.
*Coverage of pre-existing diseases is provided by insurer as per their underwriting policy.
*The scope of coverage may vary from plan to plan.
~Source: Google Review Rating available on:- http://bit.ly/3J20bXZ
##On ground claim assistance is available in 114 cities
Tax Benefits are subject to changes in tax laws. GST Exemption depends on fulfilment of qualification criteria and submission of relevant documents as required by the insurers. For more details on risk factors, terms and conditions, please read the sales brochure and applicable rules and regulation carefully before concluding a sale.
STANDARD TERMS AND CONDITIONS APPLY. For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale.
Policybazaar is a registered Composite Broker |Registration No. 742, Valid till 09/06/2027, License category- Composite Broker| Visitors are hereby informed that their information submitted on the website may be shared with insurers.
Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana - 122001 Contact Us | Legal and Admin Policies
© Copyright 2008-2025 policybazaar.com. All Rights Reserved.
