E-insurance is mandatory for certain insurance policies according to IRDAI. It allows policies to be stored digitally in an electronic insurance account. Policies for life, health, motor, and travel insurance exceeding certain premium amounts must be in electronic form. Advantages of e-insurance include easy storage of all policies in one place, reduced risk of losing paper policies, and ability to store policies from different insurers together. Individuals can open an e-insurance account by working with an approved repository like CDSL or CAMS and submitting KYC documents.
Presentation: Distribution Channels for Life Insurance, A Global PerspectiveIntelligo Consulting
Presentation at the 2nd Annual Life Insurance Forum, Amsterdam, 9-10 April 2014
- Bancassurance as a major distribution channel for life insurance
- Consumer research: distribution of protection-related life insurance in Europe
- The global market for creditor / creditor life insurance
Presentation: Distribution Channels for Life Insurance, A Global PerspectiveIntelligo Consulting
Presentation at the 2nd Annual Life Insurance Forum, Amsterdam, 9-10 April 2014
- Bancassurance as a major distribution channel for life insurance
- Consumer research: distribution of protection-related life insurance in Europe
- The global market for creditor / creditor life insurance
CBIZ Banking & Financial Services Quarterly Newsletter - Aug 2020CBIZ, Inc.
The August issue of CBIZ's Banking & Financial Services Newsletter includes a conversation with Lori Bettinger, Co-president of Alliance Partners and President of BancAlliance, on the banking sector and opportunity to make loans across other industry sectors. Also covered are underwriter questions to expect with your insurance renewal in this hard market and 8 potential COVID-19 employment liability claims. As always, links to several additional resources and webinars included.
Building privacy into consensual tracking for insurance purposes via an in-ca...Browne Jacobson LLP
Why would you want to be spied on? At Privacy Laws & Business 28th Annual International Conference, 6 July 2015, Helena Wootton talks about the data protection aspects of tracking and monitoring driving habits using a ‘black box’.
Source: Privacy Laws & Business UK report, July 2015 - www.privacylaws.com
The Impact of Big Data and Artificial Intelligence (AI) in the Insurance SectorΔρ. Γιώργος K. Κασάπης
Big data and artificial intelligence (AI) are two words that are widely used when discussing the future of business. The potential for applying them in diverse aspects of business has caught the imagination of many, in particular, how AI could replace humans in the workplace. Big data and AI could customise business processes and decisions better suited to individual needs and expectations, improving the efficiency of processes and decisions.
As big data and AI (also called machine learning) are increasing being employed in the insurance sector, the great benefits that are expected also come with risks. The granularity of data has the potential to give insights into a variety of predictable behaviours and incidents. Given that insurance is based on predicting how risk is realised, having access to big data has the potential to transform the entire insurance production process.
This report examines both the benefits and risks big data and AI can bring to the insurance industry. In particular, this reports discusses how the OECD Recommendation on Artificial Intelligence and the European Commission’s Independent High-Level Expert Group on Artificial Intelligence’s (HLAG AI) Ethics Guidelines for Trustworthy AI should be considered in the context of the insurance sector.
The report concludes with policy areas in which policy makers may consider action in the insurance sector in relation to big data and AI going forward.
Insuring Autonomous Vehicles: An $81 Billion Opportunity Between Now and 2025 Accenture Insurance
Stevens Institute of Technology predicts that as many as 23 million fully autonomous vehicles will be traveling US highways by 2035. This presents the automobile insurance industry with a significant near-term opportunity. We estimate that the switch to autonomous vehicles will generate at least $81 billion in new insurance revenues in the US between 2020 and 2025. Autonomous vehicles will be owned by original equipment manufacturers (OEMs), over the top players and other providers such as ride-sharing companies, but models designed by Accenture in collaboration with Stevens institute indicate that these decreases will be offset by new insurance product lines. Insurers should be taking action now to change and adapt their business models to convert this opportunity.
Read more https://www.accenture.com/us-en/insight-autonomous-vehicles-opportunity-insurers
Insuring Autonomous Vehicles - An $81 Billion Opportunity between Now and 2025Chen Liu
The rate of adoption for autonomous vehicles can be debated, but there is little doubt that such vehicles will eventually predominate the world’s highways. Automobile insurers should embrace, rather than fear, the future. Our research and modeling conducted in conjunction with Stevens Institute indicates that there will be a significant opportunity for insurers in the near- to mid-term (over the next five to ten years) as the need for cyber insurance and product liability insurance on vehicles outpaces the decrease in individual premium revenues. Taking advantage of this shift will require a major cultural adjustment for auto insurers, as well as close interaction with regulators and other policymakers. However, insurers taking preemptive steps now to convert this opportunity will be in a much better position to succeed as the autonomous vehicle revolution continues and the world shifts, however gradually, to this new mode of transportation.
Blockchain for automotive: An insight towards the IPFS blockchain-based auto ...IJECEIAES
The advancing technology and industrial revolution have taken the automotive industry by storm in recent times. The auto sector’s constantly growing demand has paved the way for the automobile sector to embrace new technologies and disruptive innovations. The multi-trillion dollar, complex auto insurance sector is still stuck in the regulations of the past. Most of the customers still contact the insurance company by phone to buy new policies and process existing insurance claims. The customers still face the risk of fraudulent online brokers, as policies are mostly signed and processed on papers which often require human supervision, with a risk of error. The insurance sector faces a threat of failure due to losing and misconception of policies and information. We present a decentralized IPFS and blockchain-based framework for the auto insurance sector that regulates the activities in terms of insurance claims for automobiles and automates payments. This article also discusses how blockchain technology’s features can be useful for the decentralized autonomous vehicle’s ecosystem.
The think tank focused on Connected Insurance, the first InsurTech trend able to scale up. We are addressing the business opportunities on auto telematics, other personal lines (connected health, connected life, connected home) and commercial lines
Knowing your customer is crucial in any sector, but in insurance, due to the reduced number of interactions and product complexity, it is even more critical. See how an insurance carrier should embrace technology to address the different channels and “actors.” Is the end-customer of an insurance company its only and truly customer? Find out more with Eduardo Romano, Insurance Director at Everis and former CIO of Liberty Seguros.
InsurTech trends: Connected Insurance as the most relevant one considering TAM and maturity level. It has already shown adoption and material impacts in some markets.
Healthcare and social security BPJS is a mandatory that serve different ways, for anyone living in Indonesia is an employment with Indonesian based company. Another type of insurance you can get are life insurance, health insurance, vehicle insurance, house & property insurance, educational insurance, and travel insurance.
CBIZ Banking & Financial Services Quarterly Newsletter - Aug 2020CBIZ, Inc.
The August issue of CBIZ's Banking & Financial Services Newsletter includes a conversation with Lori Bettinger, Co-president of Alliance Partners and President of BancAlliance, on the banking sector and opportunity to make loans across other industry sectors. Also covered are underwriter questions to expect with your insurance renewal in this hard market and 8 potential COVID-19 employment liability claims. As always, links to several additional resources and webinars included.
Building privacy into consensual tracking for insurance purposes via an in-ca...Browne Jacobson LLP
Why would you want to be spied on? At Privacy Laws & Business 28th Annual International Conference, 6 July 2015, Helena Wootton talks about the data protection aspects of tracking and monitoring driving habits using a ‘black box’.
Source: Privacy Laws & Business UK report, July 2015 - www.privacylaws.com
The Impact of Big Data and Artificial Intelligence (AI) in the Insurance SectorΔρ. Γιώργος K. Κασάπης
Big data and artificial intelligence (AI) are two words that are widely used when discussing the future of business. The potential for applying them in diverse aspects of business has caught the imagination of many, in particular, how AI could replace humans in the workplace. Big data and AI could customise business processes and decisions better suited to individual needs and expectations, improving the efficiency of processes and decisions.
As big data and AI (also called machine learning) are increasing being employed in the insurance sector, the great benefits that are expected also come with risks. The granularity of data has the potential to give insights into a variety of predictable behaviours and incidents. Given that insurance is based on predicting how risk is realised, having access to big data has the potential to transform the entire insurance production process.
This report examines both the benefits and risks big data and AI can bring to the insurance industry. In particular, this reports discusses how the OECD Recommendation on Artificial Intelligence and the European Commission’s Independent High-Level Expert Group on Artificial Intelligence’s (HLAG AI) Ethics Guidelines for Trustworthy AI should be considered in the context of the insurance sector.
The report concludes with policy areas in which policy makers may consider action in the insurance sector in relation to big data and AI going forward.
Insuring Autonomous Vehicles: An $81 Billion Opportunity Between Now and 2025 Accenture Insurance
Stevens Institute of Technology predicts that as many as 23 million fully autonomous vehicles will be traveling US highways by 2035. This presents the automobile insurance industry with a significant near-term opportunity. We estimate that the switch to autonomous vehicles will generate at least $81 billion in new insurance revenues in the US between 2020 and 2025. Autonomous vehicles will be owned by original equipment manufacturers (OEMs), over the top players and other providers such as ride-sharing companies, but models designed by Accenture in collaboration with Stevens institute indicate that these decreases will be offset by new insurance product lines. Insurers should be taking action now to change and adapt their business models to convert this opportunity.
Read more https://www.accenture.com/us-en/insight-autonomous-vehicles-opportunity-insurers
Insuring Autonomous Vehicles - An $81 Billion Opportunity between Now and 2025Chen Liu
The rate of adoption for autonomous vehicles can be debated, but there is little doubt that such vehicles will eventually predominate the world’s highways. Automobile insurers should embrace, rather than fear, the future. Our research and modeling conducted in conjunction with Stevens Institute indicates that there will be a significant opportunity for insurers in the near- to mid-term (over the next five to ten years) as the need for cyber insurance and product liability insurance on vehicles outpaces the decrease in individual premium revenues. Taking advantage of this shift will require a major cultural adjustment for auto insurers, as well as close interaction with regulators and other policymakers. However, insurers taking preemptive steps now to convert this opportunity will be in a much better position to succeed as the autonomous vehicle revolution continues and the world shifts, however gradually, to this new mode of transportation.
Blockchain for automotive: An insight towards the IPFS blockchain-based auto ...IJECEIAES
The advancing technology and industrial revolution have taken the automotive industry by storm in recent times. The auto sector’s constantly growing demand has paved the way for the automobile sector to embrace new technologies and disruptive innovations. The multi-trillion dollar, complex auto insurance sector is still stuck in the regulations of the past. Most of the customers still contact the insurance company by phone to buy new policies and process existing insurance claims. The customers still face the risk of fraudulent online brokers, as policies are mostly signed and processed on papers which often require human supervision, with a risk of error. The insurance sector faces a threat of failure due to losing and misconception of policies and information. We present a decentralized IPFS and blockchain-based framework for the auto insurance sector that regulates the activities in terms of insurance claims for automobiles and automates payments. This article also discusses how blockchain technology’s features can be useful for the decentralized autonomous vehicle’s ecosystem.
The think tank focused on Connected Insurance, the first InsurTech trend able to scale up. We are addressing the business opportunities on auto telematics, other personal lines (connected health, connected life, connected home) and commercial lines
Knowing your customer is crucial in any sector, but in insurance, due to the reduced number of interactions and product complexity, it is even more critical. See how an insurance carrier should embrace technology to address the different channels and “actors.” Is the end-customer of an insurance company its only and truly customer? Find out more with Eduardo Romano, Insurance Director at Everis and former CIO of Liberty Seguros.
InsurTech trends: Connected Insurance as the most relevant one considering TAM and maturity level. It has already shown adoption and material impacts in some markets.
Healthcare and social security BPJS is a mandatory that serve different ways, for anyone living in Indonesia is an employment with Indonesian based company. Another type of insurance you can get are life insurance, health insurance, vehicle insurance, house & property insurance, educational insurance, and travel insurance.
Introduction of E-Wallets, its types, Advantages,Disadvantages, Examples of E-Wallet,Needs of E-Wallet, Top E-Wallets in World and in India, Description of Mobikwik, its Steps, Architecture of transfer between two wallets, About Paytm, How does Paytm Earn, Recharge on PayTm, Steps to use Paytm, Web Technologies of Paytm, Good at Paytm and Bad at it, Our own proposed system to overcome the disadvantage of existing system
Personal Finance: Banking Basics and Saving MoneyJason Vitug
The plan is to introduce banking concepts and terminology. The goal is to understand basic banking products and services and importance of saving money. The takeaway is to know various banking products and services and create a savings strategy.
Additionally, understand the importance of saving money and the concepts around saving such as interest, compound interest, rule of 72 and various savings vehicles.
Digital Wallet Technology is most often preferred by smartphones. The reason for this is the comfort of performing our transactions at any time from our smartphones, which are always with us.
The comprehensive beginner guide on investing in various financial instruments. You will learn following -
1. Bank Savings, Fixed & Recurring Deposit Account
2. Post Office and Small Savings Schemes
3. Insurance, Pension and other investment options
4. The Rate of returns, Risk involvement and Tax implications on various investment
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
2. 1. What is e-insurance?
● It’s an electronic insurance account and it’s mandatory to have one
according to IRDAI
● This account is used to keep all your insurance policies in the
electronic or digital form.
● You can convert your life insurance, car insurance, home insurance
and health insurance policies into digital form and store in your e-
insurance account.
● For most of the insurance policies, if your single premium or annual
premium exceeds Rs 10,000, it will have to be issued electronically
and stored in an e-insurance account.
www.rupeeiq.com
3. 2. What is e-insurance?
● In case of motor insurance and overseas travel insurance, all
policies will be issued electronically and personal accident policies
will be issued in digital form if the premium exceeds Rs 5,000.
Policy Sum Assured Premium
Term plan Rs 10 lakh Rs 10,000
Motor insurance All policies All policies
Health Insurance Rs 5 lakh Rs 10,000
Life Insurance other than term plan Rs 1 lakh Rs 10,000
Overseas travel insurance All policies All policies
www.rupeeiq.com
4. 3. Advantages
● The e-insurance account can also make your life easy as it helps you store all your
policies in a single place.
● When you have your insurance policy in the paper format you need to store it carefully
and there are chances of misplacing the paper. You needn’t worry about this if they are
stored in the digital format.
● The best part is that you can store insurance policies issued by different insurers in a
single e-insurance account.
www.rupeeiq.com
5. 4. How to open an e-insurance account
● One individual is allowed to have only one e-insurance
account.
● You can ask your insurer to open an account or you can get
in touch with a repository like the CDSL Insurance
Repository or CAMS Repository Services, to open the
account.
● Your insurer will partner with any one of the repositories in
India to open your e-insurance account.
www.rupeeiq.com
6. 5. What are e-insurance repositories?
● Repositories are approved by IRDAI to provide e-insurance services.
● The repositories include:
● CAMS Repository Services Ltd
● Central Insurance Repository of CDSL
● Karvy Insurance Repository
● NSDL Database Management.
● The services provided by these organisations for opening e-insurance
account are done free of cost.
www.rupeeiq.com
7. 6. How to open your account online
● Choose a repository and visit their website.
● Find the e-insurance account opening form and download it.
● If you are given the option to fill the form online, you can fill up the form before downloading it.
● Check the Know Your Customer (KYC) documents such as a copy of your PAN card, Aadhaar card,
passport, ration card and voter ID. You may also need a cancelled cheque.
● This form needs to be submitted along with the documents to an approved entity. You can get the list of
such entities from the repository’s website. You can also submit the form along with the KYC documents to
your insurer.
● The documents will go through a verification process where they will be compared to the originals.
● The e-insurance account is opened as soon as the verification is done.
● Get your e-insurance account number and login id.
● You will be provided with the steps you need to follow to set the password for your account.
● Once you set the password, your e-insurance account will be ready for use.
● You can start storing all your policies in your e-insurance account once you have set it up. You can use the
same account for different policies.
www.rupeeiq.com
8. Want to know more about e-insurance?
Read this post:
https://www.rupeeiq.com/content/all-about-e-insurance-store-your-
policies-in-digital-form-in-repositories/
