What is an EIA- e Insurance Account? All You Need to Know

Are you tired of managing piles of insurance policy documents? Constantly worried about misplacing your crucial Life Insurance, Health Insurance, or Motor Insurance papers? The solution is the e-Insurance Account (eIA), or Electronic Insurance Account. Think of it as a secure digital locker—like a demat account for shares—but specifically designed to hold all your insurance policies in a single, electronic format. This revolutionary system, introduced by the IRDAI (Insurance Regulatory and Development Authority of India), is a game-changer for every modern policyholder.

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What is an EIA E-Insurance Account?

An EIA e-insurance account refers to an electronic insurance account and is introduced by IRDAI. It is a digital platform to store and manage all types of insurance policies like life insurance, car insurance, health insurance at one place. Having an e-insurance account is beneficial to protect from paperwork and avoid loss or theft. The best part? Unlike traditional policy documents, you can access e-insurance policies anywhere at any time.

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@ Starting from ₹ 12/day⁺

What Are the Key Features of an EIA- e Insurance Account?

Below are the key features of an EIA e-insurance account:

You can open only one electronic insurance account on your name.
You can easily store multiple insurance policies from different insurance providers in this account.
The repository assigns an e-insurance account number when you open a new account. You can use this number for all purposes.
You can also get a new policy issued in electronic format. All you need to provide is the e-insurance account number in the proposal form.
The insurance repository already verifies the KYC documents during the registration process. Hence, you need not re-verify the KYC details.
Every electronic insurance account holder receives a login ID and password to access their accounts.

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How to Open an EIA (e-Insurance Account)?

Opening an e-insurance account is simple and can be done online:

Visit the official website of the insurance repository or authorized insurance company.
Click on the “Open EIA” or “Register” option.
Fill in your personal details like name, email, mobile number, and PAN.
Submit identity and address proofs as required.
Complete the verification process and set up your EIA login credentials.

Once registered, you can immediately start linking your existing life insurance policies to your EIA.

EIA Login: How to Access Your Account

Once you have an e-insurance account, you can access it anytime via EIA login. Simply:

Go to the repository or insurance company website.
Enter your registered username and password.
Use OTP or other authentication for secure access.
View, manage, and track all your linked policies in one dashboard.

Is EIA e Insurance Account Mandatory in India?

Yes, it is mandatory to have an EIA e-insurance account for all new insurance policies in India. As of April 1, 2024, every insurer must credit both online and offline policy to the e-insurance account of the policyholder. You can ask your insurer to create a new account if you don’t have any existing account.

Who Should Have an EIA?

Life insurance policyholders who own multiple policies and want centralized management.
Investors in term insurance and ULIPs looking for digital tracking.
Busy professionals who prefer paperless management and timely updates.
People planning for financial goals like retirement, education, or wealth accumulation.

What Are the Benefits of an EIA e-Insurance Account in India?

Having an electronic insurance account is highly beneficial to the policyholders. Some of these benefits include:

Policy Safety
The policy document issued against your policy is important and taken care of thoroughly. Yet many of us misplace or sometimes it is stolen beneath our eyes. However, keeping a policy document in electronic format will ensure that your policy is safe against any loss or theft.
Convenience
The need for your insurance policies can arise at any time. But it’s certainly not possible to carry a physical copy of an insurance policy everywhere. An EIA e-insurance account helps individuals access their different insurance plans like term insurance or health insurance anywhere.
Timely Premium Payments
With an EIA e-insurance account, the policyholders can track their multiple policies on a single platform. This allows them to regularly monitor their due date of premium as well. As a result, it ensures that you are financially protected in each aspect without any gaps.
Free of Charge
Regardless of your policy type, it is free to open an EIA e-insurance account for everyone. You can simply contact your insurance provider to register and get the policy issued electronically.

Wrapping Up!

It is mandatory for every policyholder to open an EIA e-insurance account in India. It is not only a digital platform but a source to manage your different policies efficiently. Every account holder receives a unique number for their e-insurance account. Ensure that you share this account detail with your family, especially a nominee of your term insurance plan. It will protect them financially even in case of your unfortunate demise.

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FAQs

Where can I open an EIA- e Insurance account in India?

You can open your EIA e-Insurance account in India in either of the four repositories certified by the Insurance Regulatory and Authority of India (IRDAI).
How can I login to my EIA e-insurance account?

One can login to an EIA e-insurance account using the login credentials shared on your registered number while opening the account.
Is there any validity to using an EIA e-insurance account?

There is no validity to using an EIA e-insurance account. It allows you to access and manage your policies throughout the lifetime with ease.
How can I find my EIA e-insurance number?

You can check your EIA e-insurance either on your registered email or SMS messages received from your insurer or the National Insurance Regulatory Repository (NIIR).

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˜The insurers/plans mentioned are arranged in order of highest to lowest Sum Assured(SA) offered by Policybazaar’s insurer partners offering term insurance plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in

Rs. 400/month is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 400/month (Rs.13/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 230 is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 8/day is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 12/day is starting price for a 75 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 497/month is starting price for a 1.5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 487/month is starting price for a 2 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 626/month is starting price for a 3 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 905/month is starting price for a 5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,267/month is starting price for a 7 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

*The full refund of premium is available on availing the one-time option of refund of premium. Total premium paid for policy (paid for add-ons) will be the special exit value, payable on availing the one-time option of refund of premium if you wish to completely exit the policy.

+Rs. 447/month is starting price for a 1 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs.679/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 910/month is starting price for a 3 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,374/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,924month is starting price for a 7 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

Women

+Rs. 400/month is Starting price for a 1 crore term life insurance for an 18 year-old Female, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 461/month is the starting price for a 1 crore term life insurance for an 24 year-old female, non-smoker, with no pre-existing diseases, cover upto 54 years of age.

1,642/month is the starting price for a 1 crore term life insurance for an 44 year-old female, non-smoker, with no pre-existing diseases, cover upto 74 years of age.

Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited

We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881

For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale

Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.

˜ Policybazaar Promise reflects the guarantee offered by insurers. Price assurance is based on certifications shared by insurers with us.