ALL YOU SHOULD KNOW ABOUT E-INSURANCE ACCOUNT
Introduction As we all know, today we are living in the digital age. The digital revolution is transforming everything in our world from mechanical and analogue to digital form. The mark of this era is our readiness to use digital means to adapt existing practices as well as create new things, processes, and business processes using digital tools to create a benchmark to meet the demands of continuously changing market requirements. About E-Insurance Account (EIA) EIA stands for “e-Insurance Account”. An E Insurance account keeps track of a person's insurance policy portfolio in electronic format through an insurance repository. One can manage and keep track of all life and non-life insurance policies from multiple insurers at one location. All the life and non-life insurance policies which are collectively stored in e-insurance accounts are referred to as “e-insurance policies”. Features of an e-Insurance Account Only one e-insurance account is allowed in an individual’s name. A...