e-insurance account

e-insurance account

Steps to opening an e-insurance account

1) Select the insurance repository or contact your insurer that has partnered with a repository.

List of Insurance Repositories

Insurance Repository Website
M/s NSDL Database Management Limited www.nir.ndml.in
M/s Central Insurance Repository Limited, www.cirl.co.in
M/s Karvy Insurance Repository Limited www.kinrep.com 
M/s CAMS Repository Services Limited, www.camsrepository.com


What is an Insurance Repository?
Insurance Repository is a facility to help policy holders buy and keep insurance policies in electronic form, rather than as a paper document. Insurance Repositories, like Share Depositories or Mutual Fund Transfer Agencies, will hold electronic records of insurance policies issued to individuals and such policies are called “electronic policies” or “ePolicies”.

2) Download the account opening form from the website of the repository or the insurer.
3) Submit the documents, along with KYC documents, to the ‘Approved Person’, website or branch of insurer.

What are the documents required to open an eIA Account?

  • ID Proof: Aadhar Card or PAN Card
  • Address Proof: Any one of Aadhar letter, Passport,Voter ID card, Driving license, Bank Passbook

4) The ‘Approved person’/ insurer will verify the e-insurance form and process the application.

5) The form will be submitted to insurance repository if you have deposited it with your insurance company.
6) The repository will open the account and send the ID and password via text and e-mail to you.
7) You can log in to the repository website and access your policy details.
8) Existing policies can be linked to e-insurance account by submitting the required form to repository. You can view and download policy.

What are the benefits of holding Insurance Policies in electronic form?

There are multiple benefits in holding insurance policies in electronic form under a single eInsurance Account (eIA). These benefits include:

  • Safety: There is no risk of loss or damage of a policy as may happen with paper policies; the electronic form ensures that the policies are in safe custody and can be easily accessed when needed.
  • Convenience: All insurance policies, be it life, pension, health or general, can be electronically held under a single eIA. This means all details of all policies are available in a single account (place). The details of any of the policies can be accessed at any time by logging on to the online portal of Insurance Repository. Premium for all the policies can be paid online and many service requests or complaints can be logged at this website.
  • Single Point of Service: All service requests in respect of eIA or any of the electronic policies held under the eIA can be submitted at any of Insurance Repository’s service points – there is no need to go to the offices of individual insurance companies for service.
  • Less Paper work: When you want to buy a new electronic insurance policy under an existing eIA, you don’t need to go through KYC verification all over again, if there are no changes to your KYC details already recorded in your eIA. Further, if you want to make any changes to your personal details like address or contact no, it is enough to change the details in your eIA with Insurance Repository by submitting a single request – Insurance Repository, in turn, will inform all the insurance companies with whom you hold electronic policies, about the changes.

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