It is easy to buy an insurance policy, but sometimes it becomes difficult to handle their physical copies, remember the renewal date, and manage the claim process. To solve this problem, the facility of E-Insurance Account has been made available. Through this digital account, you can manage all your insurance policies in one place.

What is an E-Insurance Account?

E-Insurance Account (EIA) is a digital platform where all insurance policies can be kept safe together. This insurance repository operates, which is recognized by the Insurance Regulatory and Development Authority of India (IRDAI). This eliminates the need for policyholders to keep the documents related to their policy in physical form.

Benefits of E-Insurance Account

You will not need to handle different policy documents.

Information like insurance account number and address will be updated in all policies once updated.

Having a digital policy makes filing and tracking claims very easy.

You will get timely reminders for the renewal of the insurance policy.

The entire process of buying and transferring the policy will be digital, which will eliminate the hassle of paperwork.

Process of creating an e-insurance account (Step-by-Step Guide)

Register in the Insurance Repository (Insurance Repository Registration)

To open an e-insurance account, you have to register with an authorized insurance repository. Let us know about the major insurance repositories in India.

NSDL-NIR (National Securities Depository Limited - Insurance Repository)

CAMS (Computer Age Management Services)

Karvy (Karvy Insurance Repository)

CIRL (Central Insurance Repository Limited)

You can register by visiting the official website of any of these repositories.

Application Process

You can apply both offline and online. For offline applications, fill out the form and submit it to the insurance repository or insurance company along with KYC documents. At the same time, for online application, you can complete the process through e-KYC on the website of the insurance repository.

Document Verification

Your submitted documents will be checked. After the verification is complete, you will get a login ID and password. It will come to you via SMS or Email.

Link Your Insurance Policies

After logging in, you will have the option to add life insurance, health insurance, and motor insurance. If you have old insurance policies, you can fill out their conversion form and scan and upload it.

Disclaimer: This content has been sourced and edited from Dainik Jagran. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.