It depends on the specific requirements of the financial company. Each lending institution may have different requirements. But in principle, electronic policies and paper policies have the same legal effect, and now everyone generally applies for insurance online or over the phone, so most of them are electronic policies. Electronic insurance policies are fine when making claims or car inspections, and they can also be used when making car loans. If this financial company does not require a paper policy and you only have an electronic policy, you can change to another institution or communicate with the insurance company whether it can issue a paper policy.