shcil logo
 
e- Insurance Account
With a parentage of leading financial institutions and insurance majors with proven track record in the Custodian business as well as DP business,Stock Holding Corporation of India (SHCIL) has now started providing e Insurance Account services.
Electronic Insurance Account (eIA)

Insurance Regulatory & Development Authority (IRDA) has been taking many initiatives in order to protect the interest of insurance policy holders. One of such initiatives by the Authority is introduction of Insurance Repository system which is GLOBALLY FIRST of its kind. This concept revolves around an electronic Insurance Account (e IA), wherein all the life and non-life policies can be kept and serviced in dematerialised form at a click of a button by an Insurance Repository.

SHCIL Projects Ltd; a wholly owned subsidiary of Stock Holding Corporation of India Ltd (SHCIL) has been granted a Certificate of Registration to act as an Insurance Repository by the Insurance Regulatory & Development Authority (IRDA). SHCIL in the capacity of Approved Person has been providing e Insurance Account Services in association" with SHCIL Projects Ltd.

Key Features of e- Insurance Account
   OPENING & AVAILING of eIA SERVICES IS ABSOLUTELY FREE OF COST !!!

  e-Insurance Account (eIA) facilitates the policyholder to hold his/her insurance policies of Life, General and Group Health in a single electronic insurance account.eIA can be accessed online anytime, anywhere. Moreover, all the transaction pertaining to insurance can be viewed under the eIA.

  e-Insurance Policy : A policy which is a valid insurance contract issued by an Insurance Company and maintained through Insurance Repository in electronic form are safe, convenient and easy to manage.

  e -Insurance Account Holder or eIA holder : e-Insurance Account Holder is a person who has an unique e-Insurance Account in his/her name with an Insurance Repository.

  Authorised Representative (AR) : An Authorised Representative is a person appointed by an eIA holder at the time of eIA opening or later. On demise or incapability of eIA holder, AR will intimate the same to the Insurance Repository and their upon access the eIA to settle claims as per policy level nomination(s) or as the case may be.

Benefits to eIA Holders :
   OPENING & AVAILING of eIA SERVICES IS ABSOLUTELY FREE OF COST !!!

  All policies will be consolidated in a single Eletronic Insurance Account (eIA) irrespective of existing or new policies, life or general.

  One time KYC compliance entails hassle free & timely issuance of fresh policies in your existing eIA.

  eIA eradicates multiple communications to various Insurers for updates/service requests.

   At a click of a button, an eIA can be viewed to monitor for regular updates on premium payment date, dividend/money back dates, policy expiry date etc.

  Web portal for making online premium payment seamlessly. Mitigates policy lapses due to timely alerts.
Services :
  Opening and Maintenance of e-Insurance Account

  New Insurance Policy Credit

  Dematerialisation of Insurance Policies *

  Policy Servicing *

  Online premium payment *

*  As per IRDA directive, a spate of Insurance Policy related services will be rendered in phases. To begin with, life insurance policies will be catered followed by Non Life and Group Insurance very soon.
Simple Documentation & easy to fill up an e-IA Opening Form :
  One recent pass port size color photograph

  Self Attested photocopies of Proof of Identity- PAN or Aadhar-UID card

  Self Attested photocopies of Address Proof - Aadhar-UID/Voter ID Card/Ration Card/Passport, Bank Pass Book/Electricity/Telephone Bills (not more than 6 months old),

  Self Attested photocopies of PAN card/ Domicile Certificate/Driving License/Municipal Birth Certificate/Life Insurance Policies issued by LIC or other Insurers

  Note :- For more details on Address Proof, Identity Proof & Date of Birth Proof as well as e Insurance Account Opening Form etc, please visit

www.shcilir.com
To know more about e Insurance Account, please feel free to send a mail to customercare[at]stockholding[dot]com or can contact customercare team at 022-61778500.
List of branches