Insurance Repository in India explained

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.^{[1] [2]}

India's Insurance Regulatory and Development Authority originally issued licenses to five entities to act as Insurance Repositories;^[3] however, SHCIL Projects Limited surrendered its Insurance Repository license in September 2015. The remaining four are:

• CDSL Insurance Repository Limited (CDSL IR)^[4]
• Karvy Insurance Repository Limited^[5]
• National Insurance-policy Repository^[6] by NSDL Database Management Limited
• CAMS Insurance Repository Services Limited^[7]

All such entities must contain the words "Insurance Repository" in their names.

External links

• Insurance Regulatory and Development Authority
• Handbook of Insurance Repository
• Benefits of eIA

Notes and References

1. News: PTI. Chidambaram launches insurance repository system. 16 September 2013. The Hindu. September 16, 2013.
2. News: IANS. Digitise insurance policies, says Chidambaram. https://web.archive.org/web/20130918222613/http://ibnlive.in.com/news/digitise-insurance-policies-says-chidambaram/422341-3.html. dead. 18 September 2013. 16 September 2013. IBM LIVE. 16 September 2013.
3. List of Insurance Repositories - IRDA
4. http://www.cirl.co.in CDSL Insurance Repository Limited (CDSL IR)
5. http://www.kinrep.com/ Karvy Insurance Repository Limited
6. https://nir.ndml.in/ National Insurance-policy Repository
7. https://www.camsrepository.com/ CAMS Insurance Repository Services Limited