The Insurance Regulatory and Development Authority of India (IRDAI) told insurers to enable their IT systems to interact with Digilocker facility to enable policyholders to use Digilocker for preserving all their policy documents, writes The Economic Times.
The insurance regulator added that insurers should inform their retail policyholders about Digilocker and how to use it. Insurers are also advised to enable the process by which the policyholders can place their policies in the Digilocker.
DigiLocker is a cloud based document storage system of the Government of India. Using this facility, one can store important documents such as PAN cards, marksheets, insurance policies, certificates, driving license, etc. in an electronic format. These documents can be accessed by the user or any government verifying authority as if these were physical documents submitted by the user.
To register on the DigiLocker, all one needs is to have is a mobile number. One can also register using Aadhaar number which is linked to the user's mobile number.
Each citizen can avail a cloud space of up to 1 GB for storing their documents on DigiLocker.