Aditya Birla Sun Life Insurance Company Limited
ABSLI supports you in every way throughout the policy period. Now you can manage your policy with easy processes and get faster response.
To avail easy online services, please login to ABSLI customer portal in simple steps
Log IneIA stands for e-Insurance Account or "Electronic Insurance Account" which will safeguard the insurance policy documents of policyholders in electronic format. This e-Insurance account will facilitate the policyholder by providing access to the insurance portfolio at a click of a button through internet. You can now manage all your life insurance policies of all insurers under a single e-Insurance Account.
If you already have an Electronic Insurance Account, submit a duly filled 'Existing Policy Conversion Form' at any of our branches to convert your existing physical policy contract in electronic form.
Re-materialization is conversion of the dematerialized policy into physical policy document
The policyholder wishes to assign the policy. The policyholder wishes to close the eIA. The policyholder wishes to hold his policies in physical form.
The policy holder must submit Re-mat request form at any Aditya Birla Sun life insurance branch stating the reason(s) for re-materialization. Physical Policy document will be dispatched to customer’s registered correspondence address.
Pursuant to the Insurance (Amendment) Ordinance 2014 all requests for assignment & transfer of Insurance policies and nomination by policyholder shall be governed as per the below mentioned respective clauses in substitution to existing clauses of the policy contract.
Nomination of a life insurance Policy is as below in accordance with Section 39 of the Insurance Act, 1938 as amended by Insurance Laws (Amendment) Ordinance dtd 26.12.2014. The extant provisions in this regard are as follows:
An e-Insurance account will be opened within 7 days from the date of submission of application complete in all respects. Once, an account is opened, a welcome kit with the details of how to operate the same would be sent to the applicant/e-Insurance account holder.
NO. e-Insurance account is offered 'free of cost' to the applicants.
"Insurance Repository" means a company formed and registered under the Companies Act, 1956 (1 of 1956) and which has been granted a certificate of registration by Insurance Regulatory and Development Authority (IRDA) for maintaining data of insurance policies in Electronic form on behalf of Insurers. The Insurance Repositories provide the ease of holding insurance policies issued in an electronic form.
The objective of creating an insurance repository is to provide policyholders a facility to keep insurance policies in electronic form and to undertake changes, modifications and revisions in the insurance policy with speed and accuracy. In addition, the repository acts as a single stop for several policy service requirements. The Insurance repository system also brings about efficiency and transparency in the issuance and maintenance of insurance policies.
No, only an entity which is registered under company's act and who is granted a 'Certificate of Registration' by Insurance Regulatory and Development Authority (IRDA) can act as an Insurance Repository.
No, Insurance repositories cannot sell/solicit insurance policies. They are authorized only to maintain the policies in electronic form and provide a service record of all insurance policies.
eIA stands for e-Insurance Account or "Electronic Insurance Account" which will safeguard the insurance policy documents of policyholders in electronic format. This e-Insurance account will facilitate the policyholder by providing access to the insurance portfolio at a click of a button through internet. IRDA has granted the Certificate of Registration to the following five entities to act as 'Insurance repositories' that are authorized to open e-Insurance Accounts:
An e-Insurance account application form is one that is used by an individual to open an e-insurance account with the Insurance Repository. This form would be available with Insurance Company, Insurance Repository or an Approved Person.
An Approved Person is a Point of Sale (PoS) appointed by Insurance Repository and will be working on behalf of Insurance Repository to extend the IR services.