Saturday, February 21, 2015

E-Insurance Account

What is E-Insurance Account?

eIA stands for e-Insurance Account or "Electronic Insurance Account" which will safeguard the insurance policy documents of policyholders in electronic format. This e-Insurance account will facilitate the policyholder by providing access to the insurance portfolio at a click of a button through internet. IRDA has granted the Certificate of Registration to the following five entities to act as 'Insurance repositories' that are authorized to open e-Insurance Accounts:
a) M/s NSDL Database Management Limited
b) M/s Central Insurance Repository Limited
c) M/s SHCIL Projects Limited
d) M/s Karvy Insurance Repository Limited
d) M/s CAMS Repository Services Limited
Each e-Insurance Account will have a unique Account number and each account holder will be granted a unique Login ID and Password to access the electronic policies online.

Requirement:-

An e-Insurance account holder or policyholder is required to:
a) Fill the e-Insurance account form and
b) Submit the following documents to the office of Insurance Repository or Insurance company or authorized Approved Person (AP) appointed by Insurance Repository:
1. Photo ID
2. Recent passport size photograph
3. Cancelled Cheque ( In case of ECS/NEFT services for insurance premium payment transaction) and
4. Address proof

E-Insurance account is offered 'free of cost' to the applicants.
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1 comment:

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