Insurance Dematerialisation

Investors are quite used to the idea of their shares and mutual funds being in the dematerialised form. The experience has been wonderful and no longer does one have to worry about reams and reams of physical documents. Considering the success of the dematerialisation of shares, IRDA the insurance regulator came up with the initiative of maintaining insurance policies in demat form.

If you opt to dematerialise your insurance accounts, you no longer have to search and shift through numerous policy documents when it is time for you to file your returns or claiming policy benefits. Given today’s complexities, it is likely that you have several insurance policies, term insurance, health, accident insurance and a pension plan, just to mention the basics. And when it is time to bring all the papers out, there is always a niggling doubt that you may have missed out on some important thing that you may have forgotten to keep track of!

Well, if you are nodding in empathy, here is good news for you. Just like stocks and bonds, you can maintain all your policies under a single e-insurance account or e-IA.

How to open an e-IA

The benefits of maintaining an e-IA

  • All policies are maintained in electronic format so you do not have to worry about losing policy documents.
  • Modifications can be made efficiently with speed.
  • One time KYC for opening an e-IA
  • Conversion of existing policies into e-IA policies
  • Single view portfolio tracking for all your policies
  • Ease in premium payments
  • No extra charges of opening and maintenance of e-IA account.

How BEELINE can help?

If you have an account with us, all you have to do is choose NDML as your repository and submit your form with us with a onetime KYC details.

We can help you create an e-IA absolutely free of cost and you can buy as many insurance policies under the same demat account.

You can pay your premiums, view your portfolio and make amendments nts to your policy online.

Also, if you wish you change some personal information such as change of address, you can just register the change with us and we will do the needful for you in the future.


Morning Business News Round up_October 30, 2015

Morning Business News :

  • Govt To Announce New Civil Aviation Policy Today
  • FATCA Fact: New US Tax Law Is Shaking Up Indian Trusts
  • US Economy Slows To 1.5% Growth In Q3
  • RBI Opens National Pension System For Nris
  • India Will Offer Concessional Credit Of $10 Bn To Africa: PM
  • Volkswagen Meets Indian Government On Emissions
  • Sebi Cuts IPO Paperwork; Notifies 5-Sheet DRHP
  • Dr Reddy’s Q2 Net Up 26% At Rs 722 Cr
  • Govt Clarifies Tax Treatment Of Offshore Rupee-Denominated Bonds
  • Telecom Regulator Sticks To Compensation Order On Call Drops
  • Cipla Sells Stake In Chinese Biotech Firm
  • IDFC Bank’s Net Worth Pegged At Rs 13,322 Cr
  • Airtel To Return 50% Mobile Data Used At Night,Makes Wynk Free
  • US Plan To Mandate FDA Audit Of Farm Imports Irks India
  • World Bank Retains India’s Growth Rate At 7.5% This Fiscal
  • Grasim Net Up 17% On Higher Cement Volumes
  • NTPC Q2 Net Profit Rises 40% To Rs. 2,898 Cr
  • Nestle India Q3 Profit Dives 60% On Maggi Noodles Ban
  • Govt Approves 16 FDI Proposals Worth Rs 4,722 Crore
  • India Unprepared To Tackle Online Data Security
  • BPCL, Oman Oil Looking To Sell 24% Stake In Bina Refinery
  • Yes Bank Q2 Profit Rises 26.5% To Rs610 Crore
  • Pfizer In Talks To Merge With Botox-Maker Allergan

  • GE Said To Plan Close On $9.3 Billion Alstom Purchase
  • Volkswagen May Recall 100,000 Diesel Cars In India
  • Sensex Falls For Fourth Day, Ends 201 Pts Down, Nifty Ends At 8,111
  • India Ratings Lowers India FY16 Growth Forecast To 7.5%
  • US Fed Decision Provides More Space To Emerging Markets: Shaktikanta Das
  • US Lawmakers Oppose Indian Norms On Pulses’ Stock Limit
  • Small And Midcap Funds Fare Well In Q2: CRISIL
  • Interest On Rupee Denominated Bonds To Attract 5% Tax
  • IRDA Clears Air On Repudiating Life Covers
  • IPO Of Indigo’s Parent Co Over-Subscribed 3.63 Times
  • Make Single Premium Policy Tax-Free, Insurers

Morning Business News Round up_October 28, 2015

Morning Business News :

  • Sebi Looks To Revise Rules For Credit Rating Agencies
  • Rasgas Contract To Cost Petronet LNG Rs 10,000 Cr
  • India Inc’s External Borrowings Down 32% At $2.6 Bn
  • Easier Trade Can Push Global Exports $1tn pa
  • India Overtakes China, Now Biggest Gold Consumer
  • Maruti To Pay Royalty To Suzuki On New Models In Re
  • Govt Plans To Lower Its Stake IDBI Bank: Sinha
  • India Jumps 12 Spots On World Bank’s Ease Of Doing Biz List
  • Tatas, Birlas, Ambanis Take Discount E-Tailers Head On
  • Cairn-Vedanta Merger Deal Not To Be Reworked
  • Govt Sets Up Panel To Simplify Income Tax Laws
  • Railways Receive Rs 2,000 Cr Assistance From LIC For Projects
  • Fitch Withdraws IDFC’s Rating, Reaffirms ‘Good Credit Quality’
  • Airtel Sells 700 Towers In Burkina Faso To Eaton

  • Indigo IPO Subscribed 86% On Day-1
  • India May Attract $6 B From Canadian Pension Fund In 8 Years
  • Japan Offers Conditional Support To Yuan Joining IMF Currency Basket
  • Seed Industry Seeks Policy Support To Boost Exports
  • Japan’s Nippon Agrees To Buy NAB’s Life Unit For $1.7 Bln
  • Tata Trusts, Harvard University Announce Collaboration
  • Essar Ports Fixes Rs. 93.66/Share As Delisting Floor Price
  • Trai’s Call Drop Policy May Increase Tariffs: Telcos
  • Maruti Q2 Profit Surges 42.1% To Rs1,225 Crore
  • Jaitley Sure Of Meeting Fiscal Deficit Target Despite Disinvestment Hiccups
  • US Plans To Sell Down Strategic Oil Reserve To Raise Cash
  • Lupin’s Q2 Results Are A Rude Reality Check
  • Crompton Greaves To Divest Its Canadian Power Systems Business
  • SEBI In Process Of Allowing Foreign Money Into Commodity Markets
  • Sensex Falls For Second Day, Ends 108 Points Down
  • Vedanta Q2 Consolidated Net Profit Falls 41% Yoy To Rs 974 Cr
  • Tata Communications Reports Rs 6.02 Crore Net Profit In Q2
  • IRDAI Issues Guidlines On FDI In Insurance Firms
  • RBI May Seek Info From HK On Bob Scam
  • CTT Removal Demand Linked To STT: Official
  • Dividend From Bank Lifts HDFC Q2 Net
  • Bharat Forge Reorganises European Operations

Morning Business News Round up_August 24, 2015

Morning Business News :

  • Foreign Portfolio Investors May Get MAT Relief
  • China To Invest Massive PF In Volatile Stock Markets
  • RBI Likely To Go For 25 Bps Rate Cut In Sept:
  • India To Gain From Policy Of Global Alignment: Goyal
  • German Pharma Firm Merck To Shut Down B’lore Genei
  • Bandhan Becomes India’s First Private Bank In 11 Yrs
  • USL, Kingfisher Airlines Face Fine For Listing Violations
  • EPFO’s Equity Investment Depends On Performance: Bandaru Dattatreya
  • Agri Min Pushes For Hike In Import Duty Of Edible Oils
  • Taking Legal Advice On EU’s Medicine Ban: Comm Secretary
  • Govt Approves Development Of 50 Solar Cities
  • India’s US Govt Securities Holdings Touch High At $117 Bn
  • Yes Bank To Decide On $1 Bn Share Sale In H2
  • India Moving Fast To Resolve Tax Disputes With Foreign Entities
  • Fpis Pull Out Rs. 1,943 Cr From Stock Markets This Month
  • ESIC Cover For 4.3 Crore Workers In Unorganised Sector


  • Piramal To Invest Rs 200 Cr In Dhobi Ghat Project
  • Nestle Plans To Bring Back Maggi Noodles By Year-End
  • Godrej To Tap Rural Markets For Household Insecticides
  • Sebi Board To Discuss P-Notes Issue On Monday
  • Indian Oil Stake Sale To Aid Govt Post Best First Half In 7 Years
  • OVL Shortlisted For Mexican Oil Bid Round
  • GAIL In Talks With Iran To Revive Decade-Old LNG Deal
  • Oil Minister Pradhan To Sign Mou For Oil Pipeline With Nepal
  • Irda Chief Urges Firms To Redesign Products, Offer Simpler Policies
  • First Set Of Tax Sop Phase-Out In Public Domain Soon: FM
  • DRDO Ties Up With Ramdev To Market Supplements, Food Products
  • Sebi Allows 59 Entities To Square Off Existing Positions
  • Call Drops: TRAI To Probe Tariff Plans, Issue Draft Paper
  • UK Met Office Loses Weather Service Contract With BBC After Almost 100 Years
  • Yuan Rout Starts To Infect Emerging Market Currencies
  • Tapping A Rs 1 Lakh Crore Savings Deposits Opportunity
  • JSPL May Bid For Ore Mines In Odisha
  • Pension Biz Of Life Insurers Plunges 90% To Rs 2k Cr In FY15
  • Inox To Invest Rs 320 Cr In 3 Yrs, Eyes Regional Acquisitions
  • Telecom Firms Better Placed To Operate Payments Banks


Please Connect With Us