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.
この記事は Outlook Money の August 2019 版に掲載されています。
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この記事は Outlook Money の August 2019 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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