Digital transformation! IRDAI mulls allowing policyholders to keep insurance policies in demat form, link with bank account | Exclusive

Dematerialisation simply means converting your physical policy document into a modifiable online object. It means that a person will no longer need to indulge in paperwork at time of renewing the policy.

A dematerialised policy will be more liquid and will be easily assigned. There will be no change in the rights as the policyholder. Pic: Pixabay