An Insurance Repository is a facility to maintain all your insurance policies in a digital format with an insurance repository. You will need to have an e-Insurance Account (eIA) in an electronic form, similar to demat accounts for shares and securities. You can get your existing paper insurance policies converted into electronic form and link all your insurance policies with the same eIA account. Keep in mind though that you can have only one eIA at a time.
As an insurance seeker, you can open an e-insurance account (eIA) with any of these approved insurance repositories. You can get your existing paper insurance policies converted into electronic form and link all your insurance policies with the same eIA account. Keep in mind though that you can have only one eIA at a time.