Government of Telangana has launched e-Vahan Bima Scheme to issue motor insurance policy in digital form. The scheme was launched by Information Technology Minister K T Rama Rao in the presence of T S Vijayan, Chairman of Insurance Regulatory Development Authority (IRDA). With the launch of this scheme, Telangana became the first state in the country to legally accept motor vehicle insurance policy in digital form.

e-Bima

• As per the e-Bima scheme, an electronic motor insurance policy is issued in digital form with Quick Response (QR) code.
• The Quick Response code will be used to scan for verification of policy details.
• An SMS-based verification was also installed.
• The digital insurance can be accessed on a smart phone or other compatible device like a tablet to make the process of verification easier for commuters as well as police.

Advantages

• The initiative will help in safe keeping of the insurance document which was mandatory under the Motor Vehicles Act 1988.
• Driving a vehicle without a motor third party insurance is an offence under Motor Vehicle Act 1988 as it pays for legal liability in case of any injury or damage to any third party life or property caused by the use of vehicle in a public place.
• This initiative would also lead to quick verification by the Police department and forgery can be avoided apart from paperwork.

The initiative was a joint effort of IRDA (Insurance Regulatory and Development Authority), Insurance Information Bureau of India, state Police, transport and information technology departments of the state.