E-INSURANCE ACCOUNTÂ
What is E INSURANCE ACCOUNT ?
EIA ACCOUNT
 EIA ACCOUNT OR E-INSURANCE ACCOUNT :    An  Account ,  that keeps Insurance policies of an  individual  held with Insurance Repository  in a single electronic account form .
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It eliminates the need for holding the physical  policies . All the insurance policies bought  by an individual  from various insurance companies  can be held under a single  e- Insurance  account  .  As per Insurance Regulatory  and Development Authority of India ( IRDA ) guidelines  dated 29.05.2015  ,  All Life Insurance policies , General insurance policies ,Health insurance policies and  Pension Plans can be held in  e-Insurance account  .  Each account will have an unique number allotted by the repository .  Â
FOR THE GUIDELINE DOCUMENT OF IRDA DATED Â 29.05.2015 Â , CLICK HEREÂ
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It eliminates the need for holding the physical  policies . All the insurance policies bought  by an individual  from various insurance companies  can be held under a single  e- Insurance  account  .  As per Insurance Regulatory  and Development Authority of India ( IRDA ) guidelines  dated 29.05.2015  ,  All Life Insurance policies , General insurance policies ,Health insurance policies and  Pension Plans can be held in  e-Insurance account  .  Each account will have an unique number allotted by the repository .  Â
FOR THE GUIDELINE DOCUMENT OF IRDA DATED Â 29.05.2015 Â , CLICK HEREÂ
WHO ARE THE INSURANCE REPOSITORIES IN INDIA ?
 There are Four Insurance repositories  licenced by  IRDA .Â
1. M/S NSDL DATABASE MANAGEMENT LIMITEDÂ
2. M/S CDSL INSURANCE REPOSITORY LIMITEDÂ
3.. M/S Â KARVY INSURANCE REPOSITORY LIMITEDÂ
4. M/S  CAMS  REPOSITORY SERVICES LIMITEDÂ
1. M/S NSDL DATABASE MANAGEMENT LIMITEDÂ
2. M/S CDSL INSURANCE REPOSITORY LIMITEDÂ
3.. M/S Â KARVY INSURANCE REPOSITORY LIMITEDÂ
4. M/S  CAMS  REPOSITORY SERVICES LIMITEDÂ
BENEFITS OF HAVING AN E INSURANCE ACCOUNTÂ
 e-Insurance Account catches all your KYC Data  , converts all your physical  insurance policies held in to electronic form .  Hence there will be no need  of safekeeping of  your insurance policies .  All you need is to tag all your insurance policies to the e-Insurance Account .  The account  can be opened  free of charge and there will  be no charge  for  the basic activities in your e-Insurance Account .  Once  you have the account , you can  buy insurance  without providing KYC documents for each and every policy .  The repository of your account will remind all service calls on your account like premium due  , maturity date etc .  All your  insurance data is obtained by a single consolidated statement .  You can operate the account by using log-in and password .  You can appoint a  Authorized Representative  ( AR )  to operate  all your policies  in case of your demise or incapacitated .  One can shift his  e-Insurance Account from one repository to another , if not satisfied with the services or for any other reason .   One person can have only one e-Insurance Account with any of the repositories
BIGGEST BENEFIT IS NO NEED TO KEEP AND SAFEGUARD INSURANCE POLICIES IN PHYSICAL FORMSÂ
BIGGEST BENEFIT IS NO NEED TO KEEP AND SAFEGUARD INSURANCE POLICIES IN PHYSICAL FORMSÂ
WHAT ARE THE DOCUMENTS REQUIRED TO OPEN E- INSURANCE ACCOUNT Â ?Â
 To open an  e-Insurance Account , one should have Aadhar or PAN  Number  . Following documents are to  be submitted  while opening an e-Insurance Account ( eIA ) :
1. Passport Size photograph
2.  Aadhar  card Â
3. PAN Card
4. Any one of the following as address proofÂ
   a.  Ration card ,
   b. Voter ID
   c. Passport
    d.Electricity Bill Â
   e.  Driving Licence Â
    f. Bank Passbook copy .  Â
5. Cancelled chequeÂ
1. Passport Size photograph
2.  Aadhar  card Â
3. PAN Card
4. Any one of the following as address proofÂ
   a.  Ration card ,
   b. Voter ID
   c. Passport
    d.Electricity Bill Â
   e.  Driving Licence Â
    f. Bank Passbook copy .  Â
5. Cancelled chequeÂ
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How to open E INSURANCE ACCOUNT ?
HOW TO OPEN Â E -INSURANCE ACCOUNTÂ WITH AÂ REPOSITORY ?Â
 1. Chose the repository you want to open an account with , who will cater to  all the policies you are having from different insurance companies .Â
​2. You may apply on-line  by going to their websites below  :Â
1. M/S NSDL DATABASE MANAGEMENT LIMITEDÂ
2. M/S CDSL INSURANCE REPOSITORY LIMITEDÂ
3.. M/S  KARVY INSURANCE REPOSITORY LIMITEDÂ
4. M/S  CAMS  REPOSITORY SERVICES LIMITEDÂ
 3. In case you chose to apply  manually ,  You may  obtain e-insurance Account application  form from the office  of  a repository  or an insurance company  or download the form from  any of the the websites of the four repositories given below : Â
1. M/S NSDL DATABASE MANAGEMENT LIMITEDÂ
2. M/S CDSL INSURANCE REPOSITORY LIMITEDÂ
3.. M/S  KARVY INSURANCE REPOSITORY LIMITEDÂ
4. M/S  CAMS  REPOSITORY SERVICES LIMITEDÂ
​ .  The filled form along with  the required documents  can be submitted to their office  or to an insurance company or their agent for opening an account  or to an Approved Person (  AP ) of the  concerned repository . You may find  list of Approved person  of repositories by  clicking on the repositories below  Â
Â
1. M/S NSDL DATABASE MANAGEMENT LIMITEDÂ
2. M/S CDSL INSURANCE REPOSITORY LIMITEDÂ
3.. M/S  KARVY INSURANCE REPOSITORY LIMITEDÂ
4. M/S  CAMS  REPOSITORY SERVICES LIMITEDÂ
 After submitting your eIA application along with necessary document , you will receive your Log-in ID and password by mail . Â
You can operate the account by logging in .Â
​2. You may apply on-line  by going to their websites below  :Â
1. M/S NSDL DATABASE MANAGEMENT LIMITEDÂ
2. M/S CDSL INSURANCE REPOSITORY LIMITEDÂ
3.. M/S  KARVY INSURANCE REPOSITORY LIMITEDÂ
4. M/S  CAMS  REPOSITORY SERVICES LIMITEDÂ
 3. In case you chose to apply  manually ,  You may  obtain e-insurance Account application  form from the office  of  a repository  or an insurance company  or download the form from  any of the the websites of the four repositories given below : Â
1. M/S NSDL DATABASE MANAGEMENT LIMITEDÂ
2. M/S CDSL INSURANCE REPOSITORY LIMITEDÂ
3.. M/S  KARVY INSURANCE REPOSITORY LIMITEDÂ
4. M/S  CAMS  REPOSITORY SERVICES LIMITEDÂ
​ .  The filled form along with  the required documents  can be submitted to their office  or to an insurance company or their agent for opening an account  or to an Approved Person (  AP ) of the  concerned repository . You may find  list of Approved person  of repositories by  clicking on the repositories below  Â
Â
1. M/S NSDL DATABASE MANAGEMENT LIMITEDÂ
2. M/S CDSL INSURANCE REPOSITORY LIMITEDÂ
3.. M/S  KARVY INSURANCE REPOSITORY LIMITEDÂ
4. M/S  CAMS  REPOSITORY SERVICES LIMITEDÂ
 After submitting your eIA application along with necessary document , you will receive your Log-in ID and password by mail . Â
You can operate the account by logging in .Â
USAGE OF E INSURANCE ACCOUNTÂ
 An e iNSURANCE Account can be utilized for following :Â
1.  For consolidating all insurance policies in a single account  and to know the positions of all  policies  at a single point
2. To notify  change in personal data like address  to all insurance companies by  just notifying to the repository  Â
3. To receive premium notices  from all the insurance companies  .
4. To notify bank account details  in a  single account  to receive payouts.Â
1.  For consolidating all insurance policies in a single account  and to know the positions of all  policies  at a single point
2. To notify  change in personal data like address  to all insurance companies by  just notifying to the repository  Â
3. To receive premium notices  from all the insurance companies  .
4. To notify bank account details  in a  single account  to receive payouts.Â
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