E - Insurance Account   

Dematerialization or ‘Demat’ process helps policyholder in creating a portfolio of insurance policies and store them in an electronic form with an insurance repository. You can have only a single ‘e-Insurance Account’ (eIA) with an insurance repository of your choice. An eIA is inclusive of all life insurance policies of the account holder.


  • Benefits

    • Convenience
    • Single Point of Contact
    • Eliminates multiple KYC
      • All insurance policies under one umbrella
      • Policies in electronic format
      • Agent Independent
      • Safety
      • Risk elimination of Loss due to theft / natural disaster
    • Services
      • Consolidated insurance statement on an annual basis
      • Access anytime anywhere
  • New Customers

    At the time of buying a new policy, submit the eIA application and policy conversion request form along with the new business application form.As per your choice, opt for one among the repositories on application form –


    • CAMSRep (M/s CAMS Repository Services Limited)
    • CDSL (M/s Central Insurance Repository Limited)
    • Karvy (M/s Karvy Insurance Repository Limited)
    • NSDL (M/s NSDL Database Management Limited)

    Standard application forms for insurance repositories and instructions for filling the same are available under the “Forms and Guidelines” tab.


    Insurance Repository role is to provide policy holders a facility to buy and keep insurance policies in electronic form & to bring about efficiency, transparency and cost reduction in the issuance and maintenance of policies. Key offerings of Insurance repository are


    • e Insurance Account (13 digit) creation
    • Policy Conversion in electronic form
    • Policy level services like Address change , ID change etc.
  • Existing policy Holders

    As an existing policyholder, in case you do not have an eIA,submit the eIA application form of an insurance repository of your choice along with policy conversion request form.


    If you already have an eIA, just submit the policy conversion request form at the nearest Pramerica Life Insurance branch or chosen Insurance Repository office.


    All requested existing Pramerica Life policies will be converted into e Policy and sent to you as per email address shared. As per your choice, opt for one among the repositories on application form –


    • CAMSRep(M/s CAMS Repository Services Limited)
    • CDSL(M/s Central Insurance Repository Limited)
    • Karvy(M/s Karvy Insurance Repository Limited)
    • NSDL(M/s NSDL Database Management Limited)

    Standard application forms for insurance repositories and instructions for filling the same are available under the “Forms and Guidelines” tab.

  • Forms & Guidelines


    Instructions and Guidelines for EIA Application Form
     Pramerica Life EIA Application Form


    Policy Conversion Request Form
     Pramerica Life Consent Form

  • FAQs




    1. What is Insurance Repository?

      “Insurance Repository” means a company formed and registered under the Companies Act, 1956 (1 of 1956) and which has been granted a certificate of registration by Insurance Regulatory and Development Authority (IRDA) for maintaining data of insurance policies in Electronic form on behalf of Insurers. The Insurance Repositories provide the ease of holding insurance policies issued in an electronic form.

    2. What is the objective of an Insurance Repository?

      The objective of creating an insurance repository is to provide policyholders a facility to keep insurance policies in electronic form and to undertake changes, modifications and revisions in the insurance policy with speed and accuracy. In addition, the repository acts as a single stop for several policy service requirements. The Insurance repository system also brings about efficiency and transparency in the issuance and maintenance of insurance policies.

    3. Can any individual/firm act as an Insurance Repository?

      No, only an entity which is registered under company’s act and who is granted a ‘Certificate of Registration’ by Insurance Regulatory and Development Authority (IRDA) can act as an Insurance Repository.

    4. Can Insurance repository sell/solicit Insurance policy?

      No, Insurance repositories cannot sell/solicit insurance policies. They are authorized only to maintain the policies in electronic form and provide a service record of all insurance policies.

    5. What is an eIA (e-Insurance account)?

      eIA stands for e-Insurance Account or Electronic Insurance Account which will safeguard the insurance policy documents of policyholders in electronic format. This e-Insurance account will facilitate the policyholder by providing access to the insurance portfolio at a click of a button through internet. IRDA has granted the Certificate of Registration to the following five entities to act as Ò‰nsurance repositoriesÒ that are authorized to open e-Insurance Accounts.

      • M/s NSDL Database Management Limited
      • M/s Central Insurance Repository Limited
      • M/s SHCIL Projects Limited
      • M/s Karvy Insurance Repository Limited
      • M/s CAMS Repository Services Limited

      Each e-Insurance Account will have a unique Account number and each account holder will be granted a unique Login ID and Password to access the electronic policies online.

    6. Do I need to pay for opening of e-Insurance Account or on periodic basis?

      NO. e-Insurance account is offered ‘free of cost’ to the applicants.

    7. Can any individual open more than one e-insurance account with any Insurance Repository?

      NO. As per the IRDA guidelines, an individual cannot open multiple e-Insurance accounts.

    8. Who is an Approved Person (AP)?

      An Approved Person is a Point of Sale (PoS) appointed by Insurance Repository and will be working on behalf of Insurance Repository to extend the IR services

    9. What is an e-Insurance account application form?Where can it be obtained from?

      An e-Insurance account application form is one that is used by an individual to open an e-insurance account with the Insurance Repository. This form would be available with Insurance Company, Insurance Repository or an Approved Person.

    10. What are the requirements to be completed for opening an e-Insurance account?

      An e-Insurance account holder or policyholder is required to

      • Fill the e-Insurance account form and
      • Submit
        • Photo ID,
        • Recent passport size photograph,
        • Cancelled Cheque with pre-printed customer Name and Bank a/c no. ( In case of ECS/NEFT services for insurance premium payment transaction) and
        • Address proof to the office of Insurance Repository or Insurance company or authorized Approved Person (AP) appointed by Insurance Repository.
    11. List of valid KYC documents:
      • Identity Proof (Any One)
        • PAN card
        • UID
      • Address Proof (Any One)
        • Ration Card
        • Passport
        • Aadhar letter
        • Passport
        • Voter ID Card
        • Driving license
        • Bank Passbook (not more than 6 months old)
        • Verified copies of
          • Electricity bills (not more than 6 months old),
          • Residence Telephone bills (not more than 6 months old) and
          • Registered Lease and License agreement / Agreement for sale.
          • Self-declaration by High Court and Supreme Court judges, giving the new address in respect of their own accounts.
          • Identity card/document with address, issued by
          • Central/State Government and its Departments,
          • Statutory/Regulatory Authorities,
          • Public Sector Undertakings,
          • Scheduled Commercial Banks,
          • Public Financial Institutions,
          • Colleges affiliated to universities; and
          • Professional Bodies such as ICAI, ICWAI, Bar Council etc. to their Members

    12. Can I open an e-Insurance account without having a life or non life policy for myself?

      Yes, an individual who is not having any insurance policy can open an e-Insurance account. After buying a policy, the policyholder can give a request for dematerialization to the Insurer or Insurance Repository or Approved Person.

    13. How many days does it take to open an e-Insurance account after all the necessary formalities are completed?

      An e-Insurance account will be opened within 7 days from the date of submission of application complete in all respects. Once, an account is opened, a welcome kit with the details of how to operate the same would be sent to the applicant/e-Insurance account holder.

    14. How will I come to know that my e-Insurance account has been opened & how will I receive my User ID & Password?

      Once e-Insurance account is created, you will receive a welcome kit. A pin mailer shall be sent separately. Using the login credentials and PIN, you can access and start using your e-Insurance account.

    15. Can I convert my existing paper polices into electronic policies?

      Yes, it is possible to convert the existing paper policies into electronic form. A service request may be made to the Insurance Repository or Insurer or the Approved person in this regard.

    16. If I already have an e-Insurance account, how do I buy a new policy in electronic form?

      Once you have opened an e Insurance Account, to buy a new policy in electronic form, you just need to quote your unique e-Insurance account number in your new insurance proposal form and make a request to issue policy in an electronic form.

    17. Which are the insurance policies that can be held in electronic form?

      All Life insurance, Health insurance, General insurance & Annuity policies that are issued by registered insurance companies with IRDA and who have signed up with the Insurance Repositories are eligible to be held in the electronic form.

    18. How can I come to know that my policy is successfully credited into my e-Insurance Account?

      You will receive a mail and SMS on your registered e-mail id and mobile number.

    19. What are the charges for maintaining policies in electronic form?

      All the services provided by Insurance repositories are FREE of charge.

    20. What are the benefits of holding Insurance Policies in electronic form?

      The following are the broad benefits of holding Insurance Policies in electronic form: Safety: There is no risk of loss or damage of a policy as is common with paper policies; the electronic form ensures that the policies are in safe custody and can be easily accessed whenever and wherever needed. A copy of the policy can be downloaded at any time by accessing the e-Insurance account. Convenience: All insurance policies, be it life, pension, health or general, can be electronically held under a single e-Insurance account. This means all details of all policies are available in a single account (place). The details of any of the policies can be accessed at any time by logging on to the online portal of Insurance Repository. Single Point of Service: Service requests in respect of e-Insurance account or any of the electronic policy can be submitted at any of Insurance Repository’s service points. A single request can sometimes cater to the requirements of several Insurers. As an illustration, a single change of address request made to the Insurance Repository can update the policies issued by multiple Insurers. There would be no need to go to several offices of individual Insurers for service. Less Paper work and savings in time: An e-Insurance account holder is freed from the trouble of submitting KYC details each time a new policy is taken. Further, any changes in personal details like address or contact number can be effected through a single request thus saving on paper and time. Statement of Account: At least once every year, the Insurance repository would send a statement of account to the e–Insurance account holder with the details of the policies of the account holder. Payment Options: Premium for all the policies can be paid online and several service requests can be logged from the e-Insurance account. Increased number of service touch points: Since, the Insurance repositories function in addition to the Insurers, the policyholders will have increased number of touch points for having their servicing needs attended. Easy payout transfers: Policy benefits would be paid through electronic facility to the registered bank account, thus ensuring speedier and convenient settlement. Single view: Single view of all policies will be made available to an authorized person in case of death of the e-Insurance account holder.

    21. What all policy details will be available in the e-insurance account?

      A list of all policies that are credited will be available in the e-Insurance account. For each policy, policy level details like the status, commencement, maturity/expiry, nomination, assignment, endorsement, address, terms and conditions etc., would be available. In addition, the e-Insurance account holder will be able to download a copy of the policy bond.

    22. What is the procedure to effect changes in my policy or e-Insurance Account?Should the request be made to the Insurance Company or IR?

      All requests in respect of either your e-Insurance account or any of the electronic policies may be made to the Insurance Repository. However, requests in respect of the policies can also be made directly with the Insurer concerned. Upon a request, the Insurance repository would handle all servicing needs that fall within scope of their services directly and would forward the others to the Insurer concerned. An update to the policyholder would be provided by the Insurance Repository on the status of the request in respect of all the requests that it receives.

    23. Who is an Authorized Representative and what is his/her role?

      An Authorized Representative is a person who is appointed by e-Insurance account holder to operate his/her e-Insurance account in case of unfortunate demise or incapability of e-Insurance account holder to operate the account. The Authorized Representative will intimate the Insurance Repository about the demise/incapability of policyholder with valid proof. An Authorized Representative has only access rights to the e-Insurance account in the event of demise of the policy holder. The Authorized Representative would only to act as a facilitator and is not entitled to receive any policy benefits unless designated as a ‘nominee’ or ‘assignee’ by the deceased policy holder.

    24. Can an Authorized Representative be changed?

      Yes. Authorized Representative can be changed by making a request to the Insurance Repository.

    25. Can ‘Nominee’ and ‘Authorized Representative’ be the same person?

      Yes both Nominee and Authorized Representative can be the same person.

    26. What is the grievances redressal mechanism at Insurance Repository?

      Every Insurance repository will have a policyholders’ grievances cell to address the grievances in respect of repository services and electronic policies held by them.

    27. What communications shall the e-Insurance account holder receive in a hard copy?
      • Welcome Kit with details of e-Insurance Account and modus operandi of its operation, the login ID.
      • A Pin mailer with the password.
      • The statement of account giving the details of all policies held whenever additional insurance is taken or a policy matures/ surrendered/ lapses would be provided to the e-insurance account holder.
      • When a new policy is issued the insurer shall send an insurance information sheet containing the basic details of insurance policy to the address stated.

    28. Is it possible to shift from one Insurance repository to the other?

      Yes, the e-Insurance account holder will have an option to shift from one Insurance Repository to the other. All the policy details and transaction history would then be transferred to the new Insurance repository.

    29. Is it possible to opt out of the Insurance repository system?

      Yes, the policyholder shall make a request to his insurer and upon completion of all formalities in respect of the same, the hard copy of the policy document shall be made available.

    30. How will the Authorized person deal with the e-Insurance account?

      After the demise of the e-Insurance account holder and after settlement of all insurance claims, the Authorized representative needs to make a request to the Insurance Repository to close the e-Insurance account.