IDBI Bank, the 1st PSU Bank to Launch eIA facility
Author(s): National News from India Desk @ city air newsMumbai, December 16, 2014: IDBI Bank in association with NSDL Database Management Limited (NDML) has launched the ‘Electronic-Insurance Account (e-IA)’. e-IA is the portfolio...
cityairnews
Dec 16, 2014 12:30
0
Mumbai, December 16, 2014: IDBI Bank in association with NSDL Database Management Limited (NDML) has launched the ‘Electronic-Insurance Account (e-IA)’. e-IA is the portfolio of insurance policies of a policy holder held in electronic form with an insurance repository. Under this facility, customers can buy and keep insurance policies in electronic forms, rather than as a paper document. The existing policies in physical mode too can be dematerialized and held in the eIA. It not only provides policy holders a facility to keep insurance policies in electronic form but also enables them to undertake changes, modifications and revisions in the insurance policies with speed and accuracy. This would also be useful as the client would not have to undergo for fresh KYC verification in order to purchase new policies.
-----------------------------
Readers may send their news/views/feedback to us:
-----------------------------
Join us on facebook (fb): www.facebook.com/cityairnews
