Demat Account for Insurance Policies: A Mandatory Move for a Secure Future! #shorts #sharemarket

Starting April 1, 2024, the Indian government has made demat accounts mandatory for insurance policies.

This means your insurance policies, whether health, motor, or life, will be stored electronically in your E-insurance account, eliminating the need for physical copies.

Insurance Policies Go Digital: Embrace the E-Insurance Account Mandate!

In a significant step towards digitization, the Indian government has made demat accounts compulsory for insurance policies from April 1, 2024. This move aims to address the issue of unclaimed life insurance policies worth ₹25,000 crores in India, often due to misplaced physical documents.

Key Benefits of E-insurance Accounts:

Enhanced Security: Digital storage of insurance policies reduces the risk of loss or damage.

Easy Access: Conveniently access and manage your policies from anywhere, anytime.

Fraud Prevention: Demat accounts minimize the chances of fraud or manipulation.

Streamlined Claims Process: Faster and more efficient claim processing.

How to Open an E-insurance Account:

Visit the CDSL website: https://www.cdslindia.com/

Register and create an E-insurance account.

Link your existing insurance policies to your account.

Share your account login details with your family for future reference.
Ready to secure your insurance policies with E-insurance accounts?

Drop a comment below and let's spread awareness about this important change. Together, we can promote financial security and peace of mind.
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Видео Demat Account for Insurance Policies: A Mandatory Move for a Secure Future! #shorts #sharemarket канала Standard Securities