The eIA ensures that the policies are in safe custody and can be easily accessed.
Digitisation is a boon for us all, even the insurance industry, as it has bridged the gap between the insurer and the insured by a few clicks. It has also eased the process of claims and settlements. One of the biggest gifts of digitisation to the insurance industry, especially the customers, is an e-insurance account (eIA).
The unique service product was launched by the Insurance Regulatory Development and Authority of India (IRDAI) in 2013. In simpler terms, eIA is a database of all insurance policies for an insured. The advantages of an eIA is much more than what meets the eye. Before getting into the details, we must find out how to actually open an eIA. Any individual can create an account with an insurer or insurance repositories. IRDAI has granted the following insurance repositories to open an e-insurance account;
NSDL Database Management
Central Insurance Repository
Karvy Insurance Repository
CAMS Repository Services
Next, let us delve into its benefits. The main objective of creating an insurance repository is to provide the policyholders with a facility to hold policies in an electronic form and to undertake changes in the insurance policy with speed and accuracy.
An eIA allows policyholders to access their insurance (life, general and health) portfolio at a single place digitally, that too from different insurers. Besides this, it offers several other benefits like no more preserving of physical policy documents and viewing and managing all insurance policies under a single account. Maintaining the physical policy document has always been a pain and an eIA eases the very pain, making it a stressfree experience.
هذه القصة مأخوذة من طبعة August 2019 من Outlook Money.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة August 2019 من Outlook Money.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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