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Insurance Repository in India

Insurance Repository in India
Last Updated: Oct 11, 2014 | 2,554 Views

On 16th September 2013, the Insurance Regulatory and Development Authority (IRDA) launched the Insurance Repository in India. This is the first-of-its-kind initiative in the insurance sector across the world. Insurance Repository System will provide policyholders a facility to keep insurance policies in electronic form or dematerialized form.

The insurance policyholders can maintain, store and retrieve their policies in an electronic form similar to the way stocks and shares are maintained in demat form. The policyholder can modify or revise their insurance policies with speed and accuracy.

Definition of Insurance Repository

Insurance Repository - IRDA“Insurance Repository” means a company formed and registered under the Companies Act, 1956 (1 of 1956) and which has been granted a certificate of registration by Insurance Regulatory and Development Authority (IRDA) for maintaining data of insurance policies in Electronic form on behalf of Insurers. The Insurance Repositories provide the ease of holding insurance policies issued in an electronic form. 

Objective of Insurance Repository System

1) To keep insurance policies in electronic form

2) To undertake changes, modifications and revisions in the insurance policy with speed and accuracy

3) To bring about efficiency, transparency and cost reduction in the issuance and maintenance of insurance policies

4) Act as one-stop point for various policy-related service requirements


List of Insurance Repositories as on September 2013


License Number


Name and Address of the Insurance Repository


M/s NSDL Database Management Limited

1st Floor, Times Tower, Kamala Mills Compound,

Senapati Bapat Marg, Lower Parel,

Mumbai – 400 013.




M/s Central Insurance Repository Limited,

Phiroze Jeejeebhoy Towers, 17th Floor,

Dalal Street, Mumbai – 400 001.

Telephone: 022-2272 1383




M/s SHCIL Projects Limited

SHCIL House P-51, TTC Industrial Area,

MIDC, Mahape, Navi Mumbai – 400 710





M/s Karvy Insurance Repository Limited

‘Karvy House’, 46, Avenue 4, Street No 1,

Banjara Hills, Hyderabad – 500 034.




M/s CAMS Repository Services Limited,

No. 158, Rayala Towers, 1st Floor, Anna Salai,

Chennai – 600 002.

Telephone: 044 3021 2997




Insurance repositories cannot sell/solicit insurance policies. They are authorized only to maintain the policies in electronic form and provide a service record of all insurance policies.

eInsurance Account Opening Process by Insurance Repository

Deepak Yohannan
Deepak Yohannan is the CEO of MyInsuranceClub. He enjoys writing on Personal Finance and contributes regularly on sites like Reuters & Moneycontrol. He is a strong proponent of online insurance and is often found pointlessly babbling about it!

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