iib.gov.in Find Your E-Account Number : Insurance Information Bureau

Organization : Insurance Information Bureau
Facility : Find Your E Account Number

Find Here : https://www.itrex.in/CISQuery.aspx
Home Page : https://iib.gov.in/Default

Find Your E Account Number :

iTrex (Central Index Server) is the digital platform for Insurers and Insurance repositories to look up e-Insurance Account Details and exchange e-KYC and Policy data between Insurance Repositories and Insurance Companies.

Related : IIB Accident Vehicle Information Retrieval System : www.statusin.in/21241.html

With iTrex, Insurers can :
1. Look up the existence of e-Insurance Account details created by Insurance Repositories
2. Request for e-Account Data from Insurance Repositories
3. Send Policy data to Insurance Repositories for Policy Credit

With iTrex, Insurance Repositories can :
1. Share the e-Account data with Insurance Companies
2. Receive Policy Data from Insurance Companies and credit

Why Central Index Server? :
As per the clause 20.7 of insurance repository guidelines by IRDA, no customer can have more than one e-account across all Insurance repositories.
Therefore repositories need to create necessary mechanism / platform to facilitate a central query and validation of e-Insurance accounts.
This facility can be used by insurers and approved persons to check the existence of e-account before accepting the KYC application form.
Insurance repository services by the 5 repositories would be used by over 50 insurance companies.
IRs and Insurers exchange large chunks of information (data and images) everyday.
So, a simple, reliable and cost effective methodology is required for this exchange.
Central index server provides solutions to all these requirements.

ABOUT IIB :
** Insurance Information Bureau of India was promoted in year 2009 by IRDA, with the participation of stakeholders of the insurance sector, with the objective of supporting the insurance industry with sector-level data to enable data-based and scientific decision making including pricing and framing of business strategies.
** The Bureau is also expected to provide key inputs to the Regulator and the Government to assist them in policymaking.
** The Bureau has in its brief period of existence generated insightful reports, both periodic and one-time, for the benefit of the industry.
** It has also been providing background data to the IRDA for setting the third party motor premium rates.
** The Bureau provides a bundle of services related to motor insurance to multiple stakeholders such as public, police, transport departments and insurers through its service package titled V- Seva.
** The services are call centre-, SMS- and web-based and provide information regarding insurance status of the vehicle, stolen vehicles, ownership of recovered vehicles, accident record etc.
** IIB handles the Central Index Server which acts as a nodal point between different Insurance Repositories and helps in de-duplication of demat accounts at the stage of creation of a new account.
** The Central Index Server also acts as an exchange for transmission/routing of information pertaining to transactions on each policy between an insurer and the insurance repository.