Indian Insurance Regulator IRDA is developing a digital platform as a one stop platform for all your insurance related needs from policy buying, premium calculator, accessing & making changes to existing policies & settling claims. The platform named Bima Sugam is scheduled to be launched in January 2023.
Under Bima Sugam, there will be E-BIMA or E-IA accounts for policyholders in a Demat format. It will facilitate more safety as there is no requirement for maintaining and safekeeping the physical document and creates ease for the policyholder at the time of renewal with no paperwork.
Your Insurance intermediary like J Insurance will help & guide you in this. We enable opening of e-IA through our website and thereafter in issuance of all kinds of insurance for your requirements.
After e-insurance account opening one would be able to avail the safety, ease & credibility benefits told earlier.
In this regard , IRDAI has chosen four insurance repository companies that will maintain & hold your records in the dematerialised form. These are :
- CDSL Insurance Repository Limited
- NSDL National Insurance Repository (NIR)
- CAMS Repository Services Limited
- Karvy Insurance Repository Limited
You are just required to provide some basic documents to J Insurance to do this :
- Self-attested KYC documents, which include copies of identity proof, date of birth proof, and address proof.
- Provide personal details, bank details (a cancelled cheque), and contact details.
- A recent passport size photograph.
To get started on this contact J Insurance (Jai Insurance Brokers Pvt Ltd) on +919911557724 & keep your policies safe , secure & readily accessible.
The policyholder and his family’s insurance policies can be kept at one place by choosing one repository of their choice. It shall create ease of claim settlement for the nominee/beneficiaries due to the linkages of information stored in one place. The frauds too can be curtailed.
