Key Highlights from RBI’s MPC meeting, June 2018
All about e-Insurance Account(eIA)
Of late we have been hearing lot about e-Insurance Account(eIA), especially in the wake of Covid-19 related lockdown. So what exactly is an e-Insurance Account? e-Insurance Account or eIA means, "Electronic Insurance Account". Its an online account where you can hold all your existing or new insurance( Life, General or Health) policies from any insurer in electronic form just like your Demat account. It comes with unique e-Insurance Account number, along with unique LoginID and password for accessing the account. Benefits of e-Insurance Account - Hold all your insurance policies(from different Insurers) at one place - No risk of loosing the policy papers - Access to your policies at anytime, anywhere - Single point KYC updation for all your policies(from different Insurers) - Zero cost. Opening and maintaining the eIA is absolutely FREE How and Where to open e-Insurance Account An e-Insurance Account can be opened with any of the four Insur...
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