Introduction of E-Insurance in the Insurance Sector
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Insurance Regulatory and Development Authority (IRDA) has introduced E-insurance in the insurance sector The IRDA has informed that as on date the Authority has granted certificate of registration to five entities to dematerialize insurance policies and store them in an electronic form. These are:
i. NSDL Database Management Limited
ii. Central Insurance Repository Limited
iii. SHCIL Projects Limited
iv. Karvy Insurance Repository Limited
v. CAMS Repository Services Limited
Currently the above mentioned Repositories are opening electronic insurance accounts for the purpose of dematerialization.
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