The Insurance Regulatory and Development Authority has introduced mobile applications on Android, iPhone, Nokia and Blackberry platforms and a wap site that enables users to compare insurance products and premium rates. The application currently lets users of mobile phones/devices with internet connectivity check and compare features of Unit Linked Insurance Policies (ULIPs) introduced on or after 1st September, 2010.
The application enables real time mobile based access to the IRDA repository containing details of the products. Users will be able to compare the features of Unit Linked Insurance Products such as Premium, Benefits etc. Users can search products for comparison through three search options -Search by Company, Search by Policy type and Search by Keywords. The launch screen of the application displays the three options.