The IRDA has launched one mobile application in the market that will enable users to compare online insurance products and check premium rates.
Currently, the mobile phone users, having internet connectivity, can check and compare the features of ULIPs, which were introduced after 1st Sep, 2010.
The mobile application works on the iPhone, Android, Blackberry and Nokia platforms.
The users can access the application by accessing www.m.irda.gov.in. Users have three search options — search by keywords, by policy type and company.
The users can compare up to three products. Searching by keyword allows users to search by entering a keyword. The chosen product information is exhibited in a pop-up window.