Q: What are Insurance Repositories?
Insurance Repositories are institutions
that store your insurance policy documents online, in an electronic format and
make them accessible to you anytime you want, online and offline. Insurance
repositories are regulated by the IRDA. There are currently only five
registered insurance repositories in India
Q: How do they work?
Insurance Repositories allow policy holders
to open an E Insurance Account with
them to store their online insurance
policy. This account can be accessed online anytime, from anywhere by the
policy and account holder alone.
Q: What are the benefits Insurance
Repositories provide?
1. Keep your policy documents safe from
loss, theft or damage
2. Provide secure and private access to E insurance account – anytime, from
anywhere
3. Make updation, cancellation, claims and
other formalities easier
Q: How can one open an E Insurance Account with an insurance repository?
An E
Insurance Account can be easily opened by filling up a form. This is
usually easily available on the repositories’ websites or service centers.
Submitting the form along with documents is all you need to do to open an E insurance Account.
Q: What other services do Insurance
Repositories provide?
Insurance repositories provide a number of E insurance services like, filing
claims, updating information, purchasing policies, making service requests and
more.
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