IRDAI has issued a circular vide Ref no. IRDAI/INT/MISC/CIR/113/6/2022 dated June 06, 2022, on Launching of self-deactivation facility over IIB’s ENVOY portal (Circular).
The major highlights of the Circular are as follows:
- A new provision has been created in the ENVOY portal for self-deactivation.by following categories of salespersons i.e.: Point of Sale Persons (PoSPs), Broker Qualified Persons (BQP), Insurance Sales Persons (ISP) of Insurance Marketing Firm (IMF), Authorized Verifiers of Web Aggregators, and Salespersons & Designated Persons of Motor Insurance Service Providers (MISPs).
The facility shall be effective from June 8, 2022.
- The salesperson seeking to disengage from the current principal may access the portal ( https://www.envoy.iib.gov.in ) and seek deactivation.
- Portal allows self-deactivation after OTP based verification on the registered mobile number, after 30 days waiting period or receiving insurer/intermediary consent whichever earlier.
The Circular also provides user guide containing the step-by–step procedure for self-deactivation which is also accessible over IIB’s ENVOY portal.
Source category: IRDAI
Attachments
- /2022/54_2022-06-06_Launching_of_self-deactivation_facility_over_IIB’s_ENVOY_portal.pdf
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