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Must Know Things About E-Insurance Accounts


Life insurance. Health insurance. Car insurance. Travel insurance. Fridge insurance. Even mobile insurance. There are numerous insurance policies that you need to take out nowadays. The paperwork is enormous. And, keeping the policies safe is a headache. Remembering the due dates of premiums to be paid can cause a lot of anxiety. To resolve all these problems, you can open an e-insurance account with any of the authorized repositories where you can store all your policies electronically, and manage things online very easily. The Insurance Regulatory and Development Authority of India (IRDAI) launched the scheme in 2013, providing a license to four entities to run these repositories, namely:

  • CDSL Insurance Repository Limited
  • Karvy Insurance Repository Limited
  • National Insurance-policy Repository by NSDL Database Management Limited, and
  • CAMS Insurance Repository Services Limited

The idea is to store all your insurance policies electronically under a single e-insurance account online, making it easier to manage all aspects of your policies with a single click. For instance, if you wish to make an address change, you just have to change it in your e-insurance account, and it will automatically get updated in all your policies held in the repository. Even making premium payments has become easier than ever with these e-insurance accounts.

There are primarily five salient points you should know about e-insurance accounts, as follows:

  • Safe and secure: Storing all your insurance policies in one e-insurance account ensures their safety and security. It obviates the risk of theft or loss. Besides, you can access it anywhere, at any time and on any device.
  • Convenient: With just one electronic account, you can get access not just to various insurance related services, but also from different insurance providers. For example, you can take out a health insurance from any provider and store it in the e-commerce account.
  • All-in-one KYC database: You need to just submit your KYC documents once, and they will be applied to all your policies as and when you take them out, and get updated in your current policies too.
  • Tracking policies: Now tracking your insurance policies in the repository has become easier than ever. You can easily get policy statements, account details, and monitor all aspects of all your insurance policies.
  • Paying premiums: You can easily pay premiums now after activating your e-insurance account and storing all your policies in it. Your e-insurance account will send you reminders of premium payments as an when they become due, so that you do not have to worry about missing out on the payment of a premium, resulting in the policy being cancelled, as it happens mostly in health insurance policies.

Thinking of buying an insurance policy? Approach Bharti AXA , as they have policies that meet up your ideal requirement they have insurance policies for almost all things and also a very the policies are easy to buy online within 5 minutes.

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Disclaimer :The information published on this website is for the public's reference only. Content of this information is to provide an overview of your Insurance needs and should not be relied upon for personal, medical, legal or financial decisions and you should consult an appropriate professional for specific advice for Travel/Health/Motor. Bharti AXA General Insurance Company Limited makes no representations about the suitability, reliability, timeliness, and accuracy of the information, travel, services, or any other items mentioned on this subject for any purpose whatsoever.

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