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Insurance Repository in India

From Wikipedia, the free encyclopedia

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:

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

References

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  1. ^ PTI (September 16, 2013). "Chidambaram launches insurance repository system". The Hindu. Retrieved 16 September 2013.
  2. ^ IANS (16 September 2013). "Digitise insurance policies, says Chidambaram". IBM LIVE. Archived from the original on 18 September 2013. Retrieved 16 September 2013.
  3. ^ List of Insurance Repositories - IRDA
  4. ^ CDSL Insurance Repository Limited (CDSL IR)
  5. ^ Karvy Insurance Repository Limited
  6. ^ National Insurance-policy Repository
  7. ^ CAMS Insurance Repository Services Limited
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