'When a policyholder registers a claim through the portal, we would also get relevant data and monitor the settlement of claims,' Kannan said.

On the non-life side, he said general insurers have reported an underwriting loss - premium income minus claims outgo - of Rs.3,179 crore for last fiscal as against Rs.2,309 crore a year ago.

Commenting on the portability for health insurance, Kannan said IRDA is planning for long-term health insurance products that can be portable.

The regulator may also bring out a white paper on the functioning of the Motor Third Party Pool.

The motor pool, set up to help insurers contain third party liabilities, is being administered by General Insurance Corp of India (GIC).

According to Kannan, the White Paper is to know the status of the motor pool and decide the further course of action.