Demat Your Insurance Policies e-Insurance Account with Insurance Repository provider.

Insurance Regulatory and Development Authority (IRDA) has licensed five entities.

1) NSDL Database Management Ltd.,
2) Central Insurance Repository Ltd.
3) SHCIL Projects Ltd.
4) Karvy Insurance Repository Ltd.
5) CAMS Repository Services Ltd.

The IRs will also act as a single point of service for all e Policies held by a policy holder, making it convenient for policy holders to get service on demand. All the Repositories will be directly regulated by IRDA India.

Benefits of an e-Insurance Account eIA:

No more physical policy documents
View and manage all your life insurance policies under a single account
Once KYC documents submitted and eIA is opened, KYC documents not required for purchase of new life insurance policies
Changes in contact details get auto updated in all your policies across all life insurers
Opening eIA is free

About Naaz

This is a short description in the author block about the author. You edit it by entering text in the "Biographical Info" field in the user admin panel.