The Insurance Repository in India is a database of insurance policies. It allows policy holders to make revisions to a policy. It launched on 16 September 2013. It is the world's first of its kind.
India's Insurance Regulatory and Development Authority originally issued licenses to five entities to act as Insurance Repositories; however, SHCIL Projects Limited surrendered its Insurance Repository license in September 2015. The remaining four are:
- CDSL Insurance Repository Limited (CDSL IR)
- Karvy Insurance Repository Limited
- National Insurance-policy Repository by NSDL Database Management Limited
- CAMS Insurance Repository Services Limited
All such entities must contain the words "Insurance Repository" in their names.
References
- PTI (September 16, 2013). "Chidambaram launches insurance repository system". The Hindu. Retrieved 16 September 2013.
- IANS (16 September 2013). "Digitise insurance policies, says Chidambaram". IBM LIVE. Archived from the original on 18 September 2013. Retrieved 16 September 2013.
- List of Insurance Repositories - IRDA
- CDSL Insurance Repository Limited (CDSL IR)
- Karvy Insurance Repository Limited
- National Insurance-policy Repository
- CAMS Insurance Repository Services Limited
External links
Insurance in India | |
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