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.
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
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