Get <strong>₹5 Lac</strong> Health Insurance starts <strong>@ ₹315/<span>month*</span></strong>
Get ₹5 Lac Health Insurance starts @ ₹315/month*
Get ₹5 Lac Health Insurance starts @ ₹315/month*
250+ Plans 18 Insurance Companies
₹ 5 Lakh Coverage @ ₹ 10/day
7 Lakh+ Happy Customers

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Tax benefit is subject to changes in tax laws. Standard T&C Apply

Top 5 Points You Should Know About E-Insurance Accounts

How’d it be if you could manage all your insurance policies, including life insurance and health insurance policies, at one place?

Well consider yourself very lucky because now you have E-insurance easily available at your disposal.

You might be wondering:

“What is an E-Insurance Policy?”

An E-Insurance is like a repository where you can manage all your life insurance, health insurance policy and other insurance policies, at one place. All the policies that are stored in e-insurance accounts are referred to e-insurance policies.

Having an e-insurance policy saves you from the unnecessary paperwork. It safeguards you against policy loss or theft.

 

The Best Part?

You can access your policy anytime, anywhere you want, and in a matter of a few seconds and a few clicks.

We’re sure you’re all excited to know more about e-insurance policies. So brace yourself, for we’re going to pull back the curtain and share the features and benefits of e-insurance with you.

Bonus: You are also going to learn how to open an e-insurance account here.

Features of an E-Insurance Account:

  • An individual can only have one E-insurance account in his/her name.
  • One can keep all their electronic insurance policies including life, pension, general or health insurance policies, even from multiple insurers, in the same account.
  • Every e-insurance account is assigned a unique account number that can be used for all correspondence.
  • When buying an online insurance policy, one can simply insert his/her unique e-insurance account number in their proposal form and send it with a request to issue the policy in electronic format.
  • As KYC documents are already verified by one’s insurance repository, one does not need to fill the KYC form and submit the documents again.
  • A unique login ID and password is provided to every account holder to provide access to their e-insurance accounts.

Now:

We’re sure you’re looking to know the benefits of e-insurance accounts.

We’re bringing the noise.

Know About E-Insurance Accounts


*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C apply.

5 Benefits of E-Insurance Accounts

There are several benefits of having an e-insurance account. Here are just 5 of the many benefits:

1. Safety and Security

Having an online insurance policy has its own perks. It safeguards your insurance policy from theft and loss. Since it is in an electronic form, you can access your insurance policy anywhere, anytime you want because it is just a click away.

2. One Time KYC Submission

Thanks to your e-insurance account number, you don’t have to submit KYC documents every time you buy a fresh insurance policy. All you need is to mention your online insurance account number and it’s done. 

3. Convenience

One single online insurance account is adequate to buy various insurance plans from a variety of insurers, how convenient is that?

4. Easy Premium Payments

When your online insurance account is opened and its status is active, you can make payment for your Insurance premium Online with the help of your account. You don’t have to wait and waste your time in the long queues to pay the premium of your insurance through cash or cheques.

5. Easy Tracking of Your Policies

The insurance repository sends the insured person a yearly statement of his account with the details of all the insurance policies held by him/her. It makes it easier for the insured person to monitor his/her insurance policies. 

Now that you know the benefits of e-insurance, it’s almost time to open an e-insurance account.

Before you do, make sure to read the step-by-step instructions below to open an e-insurance account…

How to Open E-Insurance Account?

Opening an e-insurance account is a simple and easy process. All you need to do is to tackle the step-by-step guide below:

Step 1: Download E-Insurance Account opening form of your preferred Insurance Repository.

Step 2: Fill the form and attach self-attested copy of KYC documents.

Step 3: Submit the forms along with self-attested documents to your preferred insurance repository.

KYC Documents Required for Opening an E-Insurance Account

In order to open an online insurance account, all you need is to submit the following documents.

  1. Your Latest Passport Size Photo
  2. A Cancelled Cheque
  3. Any one of the following KYC (Know Your Customer) documents:
  • Identity Proof- Voter Identity Card, PAN Card or Aadhaar Card.
  • Address Proof- Ration Card, Driving License, Aadhaar Card etc.
  • Date of Birth Document- Ration card, PAN Card, Domicile Certificate, etc.

Once your submitted application is accepted, an account number along with the login id and password will be allotted to you. With your credentials, your online insurance account is one click away.

Now It’s Your Turn…

You’ve just seen how beneficial is having an e-insurance account…

Now it’s time to put this learning into practice. Remember, a lot of people are already reaping the multiple benefits of e-insurance and now, it’s your turn.

We’d love to hear from you. What do you think of E-Insurance? Or maybe you have a question about something your read?

Either way, leave a comment quick below. Our insurance experts are around to reply to comments and answer your questions.

Written By: PolicyBazaar - Updated: 27 May 2020
5,020,359 Confirmed Cases in India*
34,478,590 Confirmed Cases worldwide*
931,582 Confirmed deaths worldwide*
Search
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

You May Also Want to Know About

Top Maternity Insurance Plans

Top Maternity Insurance Plans

Maternity or pregnancy is an important phase of life, and one needs to prepare in advance to embrace parenthood. Though rearing a child is an expensive affair and may require good financial backup to meet the requirements of a growing baby. From ho...
Health Insurance for Parents

Health Insurance for Parents

Are you planning to buy health insurance for your parents? Well, the Indian Insurance market is currently flooded with healthcare plans specifically designed for senior citizens or elderly parents above 60 years. And many insurance providers also o...
Health Insurance Claims Ratio- Things You Should Look Before Buying Health Insurance

Health Insurance Claims Ratio- Things You Should Look Before Buying Health Insurance

There has always been a doubt in customers mind about whether the private company will keep its side of the bargain i.e. it will settle the claim or not. A customer spends premium annually which will cover his medical expenses but there’s always ...
Best Health Insurance Plans for Senior Citizens in 2020

Best Health Insurance Plans for Senior Citizens in 2020

Considering the increasing percentage of medical inflation in India, it has become an absolute necessity to buy adequate health insurance for your loved ones. And if they are your elderly parents, then it is all the more imperative to get them medi...
Here’s the Difference between Health Insurance and Mediclaim

Here’s the Difference between Health Insurance and Mediclaim

Imagine you’re looking for a job change. You get an interview call for a job. What will be your plan of action? Will you get your resume ready and prepare for the interview or you will try to extract all the possible information about the job pro...
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL