Starting April 1, 2024, a significant change is set to occur in the insurance sector, with the mandatory adoption of e-insurance in a demat-like format for all new policies. This move aims to digitize and simplify the insurance process, enhancing accessibility and efficiency for policyholders. Under this new rule, insurance policies will be issued and stored electronically, streamlining documentation and reducing paperwork. By embracing digitalization, the insurance industry seeks to modernize its operations and offer greater convenience to customers, marking a step forward in the realm of financial services.