Are 80C and 80CCC the Same?

Section 80C provides deductions on various investments up to ₹ 1.5 lakh per year from your taxable income. In comparison, Section 80CCC provides a deduction of up to ₹ 1.5 lakh per annum for the contribution made by an individual towards specified pension funds. Section 80CCE thereby limits the total exemption limit up to ₹ 1.5 lakh per annum.

What is the Maximum Tax Exemption under Section 80C?

You can claim a maximum deduction of up to ₹ 1.5 lakh from your total income under Section 80C.

Who is Eligible for an 80C Deduction?

It is available for individuals and Hindu Undivided Families (HUFs).

What does Section 80C Mean under the New Tax Regime?

Section 80C^ of The Income Tax Act, 1961, allows you to claim a deduction of up to ₹ 1.5 lakh per annum on specified investments and payments. However, under the new tax regime, this section does not apply. Hence, all deductions under Section 80C^ stand null and void under the new regime.

Which Investment comes under 80C?

A wide range of investments qualify for deduction under Section 80C. These include: Public Provident Fund (PPF) National Pension System (NPS) National Savings Certificate (NSC) Life Insurance Premiums 5-Year Tax-Saving Fixed Deposit (FD) from banks Senior Citizen Savings Scheme (SCSS) Unit Linked Insurance Plans (ULIPs) Equity Linked Saving Schemes (ELSS) Employees’ Provident Fund (EPF) Sukanya Samriddhi Yojana (SSY)

How do I Claim Deductions under Section 80C?

You can claim this deduction while filing your income tax return by providing valid proof, such as insurance premium statements, investment receipts and others. However, please note that this deduction is only applicable if you opt for the old tax regime.

How much should I Invest to Save Tax?

To save tax, invest ₹ 1.5 lakh under Section 80C. Buy medical insurance and claim a deduction of up to ₹ 25,000/- (₹ 50,000/- for senior citizens) for medical insurance premiums paid under Section 80D. Also, an investment of up to ₹ 50,000/- in NPS could help you with additional tax savings under Section 80CCD (1B).

e-Insurance Account - Everything You Need To Know

What is an e-Insurance Account (eIA)?

eIA stands for "e-Insurance Account". This e-Insurance account gives policyholders access to their life insurance portfolio in a few clicks.

Benefits of an eIA:

No more physical policy documents
View and manage all your life insurance policies under a single account
Changes in contact details get auto-updated in all your policies across all life insurers
Opening eIA is free

Insurance Regulatory and Development Authority (IRDA) has granted the Certificate of Registration to the following four entities to act as 'Insurance Repositories' that are authorised to open eIA.

NSDL Database Management Limited
Central Insurance Repository Limited
Karvy Insurance Repository Limited
CAMS Repository Services Limited

Why choose an electronic Insurance Account?

Opting for an e insurance account gives you the convenience of accessing all your insurance documents digitally. Policy documents can easily get lost, damaged or even misplaced, which makes it hard to access them when needed. An e insurance account, on the other hand, offers a safe, digital space to store all your insurance policies in one place.

You can access your insurance documents anytime and from anywhere. It also helps you track multiple policies without any confusion. Plus, opening and maintaining an e insurance account is absolutely free.

How the electronic insurance account works?

An e insurance account consolidates all your insurance-related information in one place. Once you create an electronic account, you can add details of all your existing and new insurance policies.

The digital account allows you to view, track and manage your policies anytime. You can also update your personal information, such as contact details or nominee details, directly through the account.

It ensures that your insurance records are always up to date and easily accessible without any paperwork.

What are the key features of our electronic insurance account?

Below are the key features of an e insurance account:

Secure and encrypted storage

All your insurance information is encrypted and stored securely in the account. Only you can access the account with your login credentials. This ensures that there is no risk of data theft or misuse.

Customisable alerts for policy renewals and claims

You can set up personalised alerts for upcoming policy renewals and claim submissions. This helps you stay on top of your policy deadlines and ensures that you never miss an important update.

Seamless integration with insurance providers

You can link and manage policies from multiple insurance providers within one account. This seamless integration simplifies the tracking and management of various policies.

User-friendly dashboard and interface

The e insurance account interface is simple and easy to use. It can be used by people from all walks of life. The dashboard is designed to make policy management accessible and stress-free for everyone.

What KYC Documents are required to open an e-insurance account?

Here's a list of documents typically required to open an e insurance account:

E-Insurance account opening form
PAN card
Address proof, like an Aadhaar card, electricity bill or passport
Date of birth proof, such as a birth certificate, passport or others
Identification proof, such as any government-issued ID
Latest passport-size photographs
Cancelled cheque

COMP/DOC/Oct/2025/2710/1382

Step 1: Download the eIA opening form of your preferred Insurance Repository from the links mentioned below:

NSDL Database Management Limited, click here
Central Insurance Repository Limited, click here
Karvy Insurance Repository Limited, click here
CAMS Repository Services Limited, click here

Step 2: Fill the form and attach a self-attested copy of the required documents mentioned below:

PAN
Address proof
Date of birth proof
Identification Proof

Step 3: Submit the forms along with self-attested documents to your nearest ICICI Prudential Branch

To locate the nearest branch click here.

Your account will be created within 7 days from the date of submission of the application completed in all respects

Comp/doc/Jan/2018/0780.

Buy Life Insurance Now

What is an Electronic Insurance Account (elA)?

Electronic Insurance Account (eIA) is a digital account that allows you to consolidate all your insurance policies (Life, Health, Vehicle, etc.) in one place, in electronic format.

Why do I need an Electronic Insurance Account (elA)?

The electronic insurance account simplifies management of your insurance policies from all Insurance Providers.

Provides 24*7 access to all your insurance policy details across all insurers
Keeps your insurance documents safe digitally, without any risk of loss or damage
Helps your nominee to access all your insurance policies under one single account in times of need
Helps in faster processing of policy-related services and claim processing

Also note that opening an e-IA is completely free of cost.

Where can I check my Electronic Insurance Account (elA) number?

You can access your eIA number easily on the ICICI Prudential Mobile App by following these 3 simple steps:

Download/ login to the mobile app
Go to the ‘My Profile’
Under ‘Personal Details’ check your eIA number

A communication via email is also sent from ICICI Prudential Life Insurance mentioning your Electronic Insurance Account (eIA) number, once it is created.

How do I check if my policy is linked to an electronic insurance account?

All ICICI Prudential Life policies issued after July 2019 are credited to an electronic insurance account, as per guidelines. You will also receive a communication from your Insurance Repository and ICICI Prudential (if the policy is purchased from us), once your policy is credited to your eIA.

How can I create an electronic insurance account?

You can write to lifeline@iciciprulife.com or visit your nearest ICICI Prudential branch to create an electronic insurance account.

How do I link my insurance policies to my Electronic Insurance Account?

You can link your policies to your eIA through any of the below options:

Log in to your Electronic Insurance Account and link your existing insurance policy with the account
Visit your nearest ICICI Prudential Life branch to link your existing policies
Write to lifeline@iciciprulife.com with details of your ICICI Prudential Life policy(ies) to be linked with your eIA, and we will raise a request with your Insurance Repository (IR)

You can also request your respective Insurance Repositories to add policies into your existing electronic insurance account.

Can I link policies from multiple insurers in one eIA?

Yes, you can link multiple policies held with different insurance companies in the same Electronic Insurance Account.

Can I convert my existing paper policies into electronic policies?

Yes, it is possible to convert the existing paper policies into electronic form. You can make a service request to the Insurance Repository or the insurance company from which the policy is purchased or the Approved person* in this regard.

^* An Approved Person (AP) is a point of contact appointed by the Insurance Repository and will be working on behalf of the Insurance Repository to extend services to you.

Is it possible to shift from one Insurance Repository to the other?

Yes, as an electronic insurance account holder, you have an option to shift from one Insurance Repository to the other. All the policy details and transaction history would then be transferred to the new Insurance Repository. You can contact the respective repositories in case you want to change your Insurance Repository.

Can I have multiple electronic insurance accounts?

No, as per IRDAI guidelines individuals are allowed to have only one Electronic Insurance Account.

How can I get in touch with my Insurance Repository?

Contact details of your Insurance Repository will be available on their respective websites:

NSDL Database Management Limited: https://nsdl.co.in/
Central Insurance Repository Limited: https://www.cirl.co.in/
Karvy Insurance Repository Limited: https://www.kinrep.com/
CAMS Repository Services Limited: https://www.camsrepository.com/

What is an Insurance Repository?

"Insurance Repository" is a company formed and registered under the Companies Act, 1956 and which has been granted a Certificate of Registration by Insurance Regulatory and Development Authority of India (IRDAI) for maintaining data of insurance policies in electronic form on behalf of the insurers. The Insurance Repositories provide the ease of holding insurance policies issued in an electronic form.

ICICI Prudential is associated with the following four insurance repositories that are authorised to open electronic-Insurance Account as per IRDAI

NSDL Database Management Limited
Central Insurance Repository Limited
Karvy Insurance Repository Limited
CAMS Repository Services Limited

To apply for an eIA, download the application form of your preferred Insurance Repository provided below:

NSDL Database Management Limited, click here
Central Insurance Repository Limited, click here
Karvy Insurance Repository Limited, click here
CAMS Repository Services Limited, click here