123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

E-ia: The New Life Insurance

Profile Picture
By Author: Neha Sharma
Total Articles: 170
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

The E- IA or the electronic insurance account is a form of online life insurance. If a policy holder wants an online life insurance policy he must apply for an online account to begin the process. Let’s explore.

What is an E- IA?

An e- IA is an electronic insurance account, which a policy holder can open with a bank or a financial institute. He can buy all his insurance policies like health, pension, general and life insurance and store it in an electronic mode. Each unique E-IA will have an account number which the policy holder must remember and quote when he is applying for a new policy.

How does it operate?

You will first have to fill out an account opening application form with the bank or the financial institute and submit the necessary documents like the attested copies of the all supporting address and banking related documents. You will have to submit your PAN or Aadharcard.Some banks also allow you to open an account by downloading the form from their website too. You can always contact your life insurance advisor for the process. When an individual applies for an E-IA he will be given ...
... a unique login id and password while he applies for his insurance policy. You can now apply for the different policieseasily through a single online account.

What are the benefits?

There are several advantages to the E- I where you can hold multiple insurance policies. Some of the benefits include the following:

• Safety: The risk for loss or damage is almost nonexistent. This is because you will be applying for all your general and life insurance policies through online platform and it will be stored in the same format. You can also access them anytime you, need just by logging in with your secure id and password.

• Convenience: If you have multiple policies like, pension, health, general or life insurance it will be held in one account. Therefore all the details of all your policies will be accessible in one single account. You can pay the premium for your account online and all your updates and upgrades will be recorded too.

• Point of service at one location: if you want to apply for any premium or reapply for an insurance that is expiring, you need not run to the head office or your insurance manager. All you need to do is access your account and re apply there. You can also check for additional policies. You also need not submit additional documents if you are reapplying for the policies. As all your details are already stored with the bank, they will access your documents and get your insurance working.

Author Bio :- Neha Sharma is a finance student who loves writing about life insurance and more. She is delighted to share her knowledge about life insurance services to people so that they can make better decisions in future.

Total Views: 330Word Count: 485See All articles From Author

Add Comment

Business Articles

1. Finding A Trusted Sustainability Consultant In Abu Dhabi
Author: Agile Advisors

2. Iso Certification In Dubai – Advantages For Business
Author: Agile Advisors

3. Best Forex Brokers List | Best Broker For Forex Trading 2024
Author: Top Forex Brokers Review

4. Celebrate Achievements With Customized, High-quality Awards From Trophy Deals
Author: Trophy Deals

5. Is 100% Company Ownership Possible For Expats In Saudi Arabia?
Author: jodonjo

6. We Are Hiring: Senior Executive - Indirect Taxation In Gurgaon!
Author: tanvir Khan

7. Ceratec Tower 1o8: The Eventual Fate Of Business Greatness In Balewadi, Pune
Author: Tarun

8. Enrofloxacin Manufacturer: Swisschemie
Author: Swisschemie

9. Ultimate Guide To Hotels In Mussoorie: Discover The Best Places To Stay, Including Hr Hotels And Resorts
Author: Hr Hotels and Resort

10. How Quickly Do Fast Cash Loans Online Pay Out Cash On The Same Day?
Author: Lucy Lloyd

11. Leading Digital Marketing Agency In Hyderabad And Unlock Your Brand’s Potential With Sanbrains Agency
Author: Sanbrains Seo

12. Celebrate Success With Customized Awards From Trophy Deals
Author: Trophy Deals

13. Title: Choosing The Right Humidity Stability Chamber Supplier For Your Manufacturing Needs
Author: bio gene

14. Complete Guide To Studying Mbbs In Poland
Author: Mbbs Blog

15. What Is The Process For Locating The Best Lender For Short Term Loans Online?
Author: Robert Miller

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: