• About e-Insurance
  • How to open it
  • faq
  • About
  • How to
    open it?
  • FAQ
What is an eIA (e-Insurance account)?
eIA stands for e-Insurance Account or "Electronic Insurance Account" which will safeguard the insurance policy documents of policyholders in electronic format. This e-Insurance account will facilitate the policyholder by providing access to the insurance portfolio at a click of a button through internet. IRDAI has granted the Certificate of Registration to the following five entities to act as 'Insurance repositories' that are authorized to open e-Insurance Accounts.
  • M/s NSDL Database Management Limited
  • M/s Central Insurance Repository Limited
  • M/s SHCIL Projects Limited
  • M/s Karvy Insurance Repository Limited
  • M/s CAMS Repository Services Limited
Each e-Insurance Account will have a unique Account number and each account holder will be granted a unique Login ID and Password to access the electronic policies online.

Benefits of an eIA:
  • Opening e-Insurance Account is free of cost
  • View and manage all your life insurance policies under a single account
  • Paperless policy documents avoids time lag for receiving physical policy document
  • M/s Karvy Insurance Repository Limited
  • e-Insurance Account acts as a single point of contact for you to update demographic details with all the insurance companies with whom insurance policies are held.
How to create an eIA:
You can open your e-Insurance Account with only three steps.
Fill the form and attach below listed self-attested documents:
  • Copy of your PAN card / Aadhar Card
  • Address proof (refer the approved list of address proof)
  • Copy of original cancelled cheque
Submit the form and documents at your nearest RNLIC branch
After you submit the form and cursory documents, your eIA will be created within 7 working days and the same will be communicated to you from the respective Insurance Repositories via E-mail. Your login ID and password will also be shared at the same time.
What is Insurance Repository?
“Insurance Repository” means a company formed and registered under the Companies Act, 1956 (1 of 1956) and which has been granted a certificate of registration by Insurance Regulatory and Development Authority of India (IRDAI) for maintaining data of insurance policies in Electronic form on behalf of Insurers. The Insurance Repositories provide the ease of holding insurance policies issued in an electronic form.
What is the objective of an Insurance Repository?
The objective of creating an insurance repository is to provide policyholders a facility to keep insurance policies in electronic form and to undertake changes, modifications and revisions in the insurance policy with speed and accuracy. In addition, the repository acts as a single stop for several policy service requirements. The Insurance repository system also brings about efficiency and transparency in the issuance and maintenance of insurance policies.
Can any individual/firm act as an Insurance Repository?
No, only an entity which is registered under company’s act and who is granted a ‘Certificate of Registration’ by Insurance Regulatory and Development Authority of India (IRDAI) can act as an Insurance Repository.
Can Insurance repository sell/solicit Insurance policy?
No, Insurance repositories cannot sell/solicit insurance policies. They are authorized only to maintain the policies in electronic form and provide a service record of all insurance policies.