Electronic Accounts for All Insurance Policies
Insurance repositories system is introduced and with the help of electronic accounts you can now convert your policies into electronic form without any cost. All existing and new insurance policies will now be in a dematerialised format and held with an insurance repository. The repositories will enable policyholders to make changes in nominee or address details, or make any other modification, and also act as a single-stop shop for all policy-related servicing.
IRDA (Insurance Regulatory and Development Authority) granted certificate of registration for repositories to five entities- NSDL Database Management, Central Insurance Repository, SHCIL Projects, Karvy Insurance Repository and CAMS Repository […] Read more