In order to hold e insurance policies a separate and distinct e-insurance account shall be opened with insurance repositories for keeping insurance policies in electronic form. (a) A eIA shall be opened by a person who has insurance policies on his own or who proposes to take insurance policies. (b) A...

Like DEMAT accounts, which requires a monthly/Yearly fee, e-insurance Account (eIA) will not be charged any amount. In the case of DEMAT, which maintains Stock that an user owns, there are charges reason being there should be a stamp duty when a stock is exchanged. Thou this was followed when physical...

Contract of Insurance A contract of insurance is technically known as uberrima fides, which means it is a contract of utmost good faith. In this principle, you have the doctrine of disclosing all material facts and that applies to all forms of insurance. Any misrepresentation, fraud or non-disclosure...

With changing time, every body has to change. So is Insurance companies changing. I remember when my Father use to tell me my Insurance premiums are paid every month deducted from the salary. It was the best option for him during those days, with no headache about what is due date, what would be the...

Pictures say a 1000 words. Having said that, below are explained different Life Insurance types like Term Life Insurance, Whole Life Insurance, Variable Life Insurance, Universal Life Insurance, Variable Universal Life Insurance. Each picture is self explanatory, on how is the process. You can read the...