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The eIA advantage: How policyholders can benefit from electronic insurance accounts

With digital insurance, there is a reduced risk of misplacing physical documents or missing renewals. Family members can get access to benefits in the absence of policyholder since e-insurance account is a common online repository of policies across insurers.

India , Development-authority-of-india , Insurance-regulatory , Development-authority , Policyholder-interests , Central-insurance-repository , E-insurance , Ia , Nsurance , Ife-insurance , Ealth-insurance

Digital Policies Become Mandatory For All Insurance Holders: How To Convert? - Trak.in - Indian Business of Tech, Mobile & Startups

Digital Policies Become Mandatory For All Insurance Holders: How To Convert? - Trak.in - Indian Business of Tech, Mobile & Startups
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India , Development-authority-of-india , Insurance-regulatory , Development-authority , Policyholder-interests , Central-insurance-repository , Allied-matters , Insurers-regulations , Insurance-account , Policy-conversion , Insurance-account-opening

New insurance rule from April 1: How to open an e-Insurance account, documents required, how to convert

This shift to digitisation is supported by four insurance repositories: CAMS, Karvy, NSDL Database Management (NDML), and the Central Insurance Repository of India.

India , Development-authority-of-india-irdai , Insurance-regulatory , Development-authority , Central-insurance-repository , E-insurance-policies , Irdai , Eia , Cams , Karvy , Nsdl

New insurance rule: What is e-Insurance? Benefits of e-Insurance Account for policyholders | Business

Financial Literacy News: Starting April 1, 2024, you must keep your insurance policies in electronic format, similar to the way investors store shares in a demat account. The Insurance Regulatory and Development Authority of India (IRDAI), in its "Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers Regulations, 2024," has mandated that every insurer must have a board-approved policy for issuing insurance policies in electronic form, as stated in its notification.

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From mutual fund info validation to opening e-insurance accounts, here are seven key financial changes this April

Also brace for rise in debit card fees and scaled down credit card reward points next month.

India , National-insurance-repository , Axis-bank , Development-authority , Insurance-regulatory , Karvy-insurance-repository , Insurance-repository , Central-insurance-repository , State-bank , Money-calendar , Vistara-infinite

New Insurance Policies To Be Issued Only In Electronic Format, Policy On Surrender Value Tweaked From Today, 1 April 2024

Insurance Regulatory and Development Authority of India has said that two new insurance rules are applicable from 01 April 2024.

New-delhi , Delhi , India , Development-authority-of-india , From-april , Insurance-regulatory , Development-authority , Policyholder-interests , Central-insurance-repository , Irdai , Nsurance

New Insurance Rules From Today, April 1, 2024: E-Insurance Accounts And Surrender Charges

New Insurance Rules From Today, April 1, 2024: E-Insurance Accounts And Surrender Charges
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India , Saumya-joshi , Shashank-chaphekar , Abhishek-kumar , Development-authority-of-india , Manipalcigna-health-insurance , New-insurance-rules-from-today , E-insurance-accounts-and-surrender , Insurance-account , Insurance-rules-from-april , Central-insurance-repository , Chief-distribution-officer

Two insurance rules from April 1, 2024: Demat type e-Insurance Account must to buy new policies, latest surrender charges

Two major insurance rules that are effective from April 1, 2024, are — compulsory e-Insurance policies for new policyholders and the latest the surrender charges of the life insurance plans such as endowment policies. To make it easier for insurance policyholders, we have summarised the main changes here. Read on

India , Abhishek-kumar , Shashank-chaphekar , Manipalcigna-health-insurance , Development-authority-of-india , Insurance-account , Central-insurance-repository , Chief-distribution-officer , Manipalcigna-health , Insurance-regulatory , Development-authority , Gazette-notification

New insurance policies will be issued only in electronic format from April 1: Complete details on e-insurance accounts

It is mandatory now for insurance companies to issue only digital policies from April 1. Check complete details

Hindustan , India-general- , India , Development-authority-of-india-protection-policyholder , Insurance-regulatory , Development-authority , Policyholder-interests , Central-insurance-repository ,

Insurance new rule: e-Insurance in demat like format mandatory for all new policies from April 1, 2024; what is going to change?

e-Insurance policies new rule: The Insurance Regulatory and Development Authority of India (IRDAI) has made it mandatory to hold new insurance policies in electronic format from April 1, 2024. e-insurance refers to the process of acquiring and managing insurance policies electronically. Policyholders can purchase insurance and store digital policy documents in a dedicated e-Insurance Account (eIA). This eliminates the need for physical documents and simplifies managing various insurance policies, including life, health, and general insurance coverage. What policyholders must know about this new IRDAI rule

India , Siddharth-singhal , Vivek-bengani , Development-authority-of-india , Health-insurance , Getty-images , Insurance-account , Policyholder-interests , Allied-matters , Insurers-regulations , Insurance-regulatory , Development-authority