Last month Insurance Regulatory and Development Authority of India (Irdai) issued guidelines on e-commerce for insurance sector. Announcing the launch of registration portal for Insurance Self Networking Platform (ISNP), Irdai said insurance companies, brokers and corporate agents can sell and service insurance policies through this platform.
Insurers and intermediaries can create a login credential for registration and submit ISNP application form on the portal.
In its guidelines issued in March, Irdai had said that companies may offer discounts to customers if their policies are sold through e-commerce websites. This will help companies increase insurance penetration in the country, it said.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
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