Even as a significant number of policyholders are making their premium payments online, the regulatory change is moving towards issuing an electronic policy with the policy available in the Demat Account. E-insurance account as the name denotes is a facility provided by insurance repositories to hold the insurance policy in a dematerialised form. Having a soft copy is different from having a policy in demat form. Dematerialising is converting the document into a paper free computerised system. To open an e-insurance account, you simply need to approach an insurance repository of your choice and fill up the account opening form. Some repositories have online application facility too. Alternatively, some insurers give an option to open an e-insurance account while purchasing a new policy. Copy of a PAN card, address proof and a passport size photograph is all what you need to fulfill the initial KYC requirements. On successful completion, a unique account number along with a login ID and password is given to access the account online. The IRDAI has approved some insurance repositories (IRs) including National Insurance Repository (NIR), Central Insurance Repository (CIRL), Karvy Insurance Repository and Cams with whom the account can be opened. Once the account is opened, you can pay the premium by logging into your account. Listed below are some of the benefits of holding an e-Insurance.