• Paperless Insurance and Its Many Benefits

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    Cashless Treatment

    Fees & Charges

    Promised Interest Rate

    Plan Benefits

    Policy Coverage

    Customer Service

    Medical Coverage

    Claim Experience

    Responsiveness

    The introduction of the Insurance Repository System by the Insurance Regulatory and Development Authority (IRDA) has facilitated the propagation of paperless transactions in the insurance sector. The completely digital method of policy purchase, renewal and claim settlement is all set to give the insurance industry a much-needed boost. The convenience that the Insurance Repository offers is enhanced by the fact that e-Insurance is available to customers completely free of cost.

    What is Insurance Repository?

    The Insurance Repository System is a facility that helps policyholders in purchasing and storing various types of insurance policies in the electronic format, as opposed to the traditional paper document. When the IRDA introduced this facility in 2014, only life insurance policies were included in the first phase of digitisation. As paperless insurance gained traction, the facility was later extended to non-life policies, such as health and motor insurances. Paperless insurance is expected to make savings of more than Rs.100 crore annually for the insurance industry.

    How does it work?

    • The customer accesses an insurance repository web page and enters his/her details. Following this, an e-Insurance account will be created for the user. This is provided free of cost to the customer, as all charges for the same will be borne by the insurance company.
    • The next step is the generation of a unique e-Account number for the user. It should be noted that a customer can only open one e-Account for all his insurance needs.
    • Next, all KYC details are updated in the account. When the customer purchases a new insurance policy , he only needs to furnish the e-Insurance account number, and no separate documentation is required.
    • The IR updates the policy details in the insurance repository, and some of these include the status of premiums, claims, loans, bonuses, net asset value, nominee assignment, annual statements, etc. Following this, all payments and renewal details can be viewed by the customer on this common platform.
    • Insurance agents can also view details of policies that were issued through them on the insurance repository.
    • The customer can opt to get reminders on premium due date through this common platform. Additionally, he/she can view details of discounts and accrued bonuses here.
    • In case a policyholder intends to raise complaints or have some policy-related queries, he can use this platform to communicate with the insurance provider.
    • The system also allows each policyholder to have an authorised representative/beneficiary who will have access to the account simultaneously. This is particularly useful when the beneficiary needs to access policy-related information from the account, in the event of grievous injury or death of the policyholder.

    Paperless insurance has provided policyholders a better experience while purchasing and renewing their insurance policies. The e-Insurance account also lends a layer of automation and transparency to the entire insurance process. The convenience of being able to buy an insurance policy, make payments and avail the policy documents without the hassle of paperwork has made the whole process more streamlined.

    Paperless Insurance and Its Many Benefits Reviews

  • Page 1 of 50 1 2 3 4 5
    • Bajaj Allianz Two Wheeler Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have my two wheeler insured with Bajaj Allianz from last 6 months, i am happy with the coverage value of this insurance policy. I have not claimed anything so far from this insurance policy. I pay a premium of Rs 1200 which has to be paid every year for this insurance policy.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 21, 2018
    • Bajaj Allianz Two Wheeler Insurance
      "Good Policy"
      0.5 3.0/5 "Satisfactory"
      I have a health insurance with Bajaj Allianz from last 1 year, i am happy with the coverage value of this insurance policy. I am not aware of the premium amount as my company pays it. I have no claim experience so far with this insurance and i have a coverage of Rs 4 lakhs for this insurance.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 21, 2018
    • National Insurance Two Wheeler Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have my two wheeler insured with National insurance from last 5-6 years, i am happy with the coverage value of this insurance policy. I pay a premium of Rs 1200 which has to be paid every year for this insurance and i have not claimed anything so far from this insurance.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 21, 2018
    • ICICI Lombard Two Wheeler Insurance
      "Average policy"
      0.5 4.0/5 "Great!"
      I have taken a two wheeler insurance policy in the ICICI . Whenever i visit the petrol, i used to take the insurance over there. I never claimed the policy so far. I used to pay the premium amount of Rs. 800. I used to make the payment through cash. I'm not aware of the plans and benefits of the policy. I have taken this policy 1 year.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 20, 2018
    • Oriental Insurance Two Wheeler Insurance
      "Good Service so far"
      0.5 5.0/5 "Blown Away!"
      I've a bike insurance policy with the Oriental Insurance Company, I pay a premium of 1600, I do not have any claim experience with the policy. So far it has been a good experience with the policy. I'll have to wait and see how they respond to my claim in case if I'll have any in future.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 20, 2018
    • United India Two Wheeler Insurance
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I've been using the United India Bike insurance for a while. I am paying a premium of 1180 per year. I am paying it office. The service is a good. There is no Claim experience with this policy. This policy only covers metal parts of the bike. Overall it has been a hassle free experience with the United India.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 20, 2018
    • ICICI Lombard Two Wheeler Insurance
      "Good policy"
      0.5 3.0/5 "Satisfactory"
      The premium which i have to pay for my two Wheeler insurance is 2500 for 2 years. The policy has been taken from ICICI Lombard. They provide 100% coverage and accidental coverage. I have no claim for my two wheeler. Its a good policy.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Jun 20, 2018
    • HDFC Ergo Two Wheeler Insurance
      "Good policy"
      0.5 4.0/5 "Great!"
      I have my two wheeler insured with HDFC ERGO from last 1 month, i am happy with the coverage value of this insurance policy. I have not claimed anything so far from this insurance policy. A premium of Rs 1470 has to be paid for this insurance policy.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 20, 2018
    • Bajaj Allianz Two Wheeler Insurance
      "Wonderful"
      0.5 5.0/5 "Blown Away!"
      I have insured my two wheeler with the Bajaj allianz general insurance company. I would like to say that the premium amount is around 5500 Rupees. Customer service is good and the response is nice one too with the Bajaj allianz general insurance company.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 20, 2018
    • ICICI Lombard Two Wheeler Insurance
      "Good "
      0.5 4.0/5 "Great!"
      I am having the two wheeler insurance policy with the ICICI Lombard general insurance company. I have paid around 1100 Rupees as premium. I have not faced any claims with them till now and everything is better one with the ICICI lombard general insurance company.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 20, 2018
    • National Insurance Two Wheeler Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have my two wheeler insured with National insurance from last 20 years and it is one of the good policy. I have not claimed anything so far from this insurance policy. I am happy with the coverage value of this insurance policy and i pay a premium of Rs 750 for this insurance.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 19, 2018
    • Iffco Tokio Two Wheeler Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have a two wheeler insurance with IFFCO TOKYO from last 1 year, i am happy with the coverage value of this insurance policy. I have not claimed anything so far from this insurance policy. A premium of Rs 1100 has to be paid every year for this insurance policy.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 19, 2018
    • Iffco Tokio Two Wheeler Insurance
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have insured my two wheeler with the Iffco tokio general insurance company. I would like to say that the customer service is good one too with them and everything is super one too. I am happy with the Iffco tokio general insurance company till now.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Jun 19, 2018
    • Bajaj Allianz Two Wheeler Insurance
      "Average"
      0.5 3.0/5 "Satisfactory"
      I am using two wheeler insurance policy from the Bajaj Allianz general insurance company. I would like to say that the customer service is good one and the coverage value is around twenty five thousand Rupees to thirty thousand Rupees.
      Was this review helpful? 0
      , guntur
      Reviewed on Jun 19, 2018
    • ICICI Lombard Two Wheeler Insurance
      "Excellent Claim Experience"
      0.5 5.0/5 "Blown Away!"
      Once i have a claim experience with ICICI. I can claim around 15K from this insurance. The claim process is very smooth process. They have a cashless claim facility. Their people will take care of the claim. Whatever the amount i can reimburse in this policy it has met. I have paid the premium around Rs.1100 every year.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 18, 2018
    • ICICI Lombard Two Wheeler Insurance
      "Good Service"
      0.5 4.0/5 "Great!"
      I've been using the ICICI Lombard bike insurance for a while. I pay a premium of 9000 per year, the features are good but the premium is bit high when comparing to other insurance providers. I do not have any claim experience with the policy. I never faced any issues with the payments too.
      Was this review helpful? 0
      , thane
      Reviewed on Jun 18, 2018
    • HDFC Ergo Two Wheeler Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have taken two wheeler insurance from Hdfc ergo general insurance for this. I made the payment for 2 years through on line banking . Customer service and response is good . It has good policy coverage with good policy benefits like vehicle towing and cashless garage.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 17, 2018
    • Iffco Tokio Two Wheeler Insurance
      "GOOD"
      0.5 3.0/5 "Satisfactory"
      I have been holding my two wheeler insurance since 2009. I got through the showroom. Premium is good and it is normal when compared to the others. I had no claiming from my insurance. Policy coverage and plan benefit i have no idea. No theft coverage. Payment i do through the cash.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 17, 2018
    • Bajaj Allianz Two Wheeler Insurance
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I've been using the Bike Insurance from Bajaj Aliianz for the past 3 years . I pay a premium of 1200 per year. I do not have any claim experience with the policy. I got this policy from the showroom and I never faced any issues with their services. Overall it has been a smooth experience with them.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 16, 2018
    • Royal Sundaram Two Wheeler Insurance
      "Good Service"
      0.5 4.0/5 "Great!"
      My bike is insured with the Royal Sundaram Insurance company. I am paying a premium of 1200. I got this policy from the bike showroom. I make payment at the Royal Sundaram branches and the staff are friendly. I do not have any claim experience with the policy.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 16, 2018
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