WHAT IS INSURANCE REPOSITORY?
In the good old days, head of the family took one small life insurance policy cover
and rest of the family lived with a great sense of safety. Changing economic and
life style conditions are forcing us to take multiple insurance policies spanning
across life, motor, property, health, pension and so on. It has now become a bare
necessity to have at least 4 policies on an average. While some of these policies
are long-term contracts and need to be preserved, others need to be tracked periodically
and renewed with care.
Life insurance policies are about protecting your dear ones with adequate
cover and ensuring that the ‘cover’ acts better than you during your absence. However,
past data indicates that many right policy covers are taken yet many policy holders
regret posthumously. This because, the gains could not be passed on to their legal
heirs. Why? Either because their family members are unaware of the policy details
or policy papers are lost, misplaced, forgotten or even destroyed.
Till now, there is no proven method to preserve the policy bonds, appoint trusted
persons (other than the beneficiaries / nominees of the insurance policy) to manage
the risk portfolio, view the consolidated risk portfolio.
We never had a common platform to view our consolidated risk portfolio, raise common
service tickets, view consolidated premium certificates, view policy dockets, etc.,.
We are in an age that boasts only about going online, going green, going mobile
and so on. Then why can’t all these happen to our insurance policies?
Welcome to Karvy Insurance Repository.
Insurance Repository captures KYC data, converts the policies into electronic
mode, protects them and takes care of your ongoing servicing needs of policy holders.
All you need to do is to open one e-Insurance Account and tag all your insurance
policies to this account.
e-Insurance account is free, simple to open and operate, highly secure and always
available online. It saves you from the hassles of filling multiple KYC forms when
you apply for policies across life, non-life, health and pension products.
You can also appoint Authorized representatives (like Power of Attorney Holders)
in case they don’t want to disclose the policy details to their nominees.
Karvy Insurance Repository offers you an irresistible 9 in 1 combo of protection
blended with perfection.