CDSL Arm Centrico Insurance Repository Partners with LIC for Digital Insurance Services

Centrico Insurance Repository, a subsidiary of Central Depository Services Limited (CDSL), has signed an agreement with the Life Insurance Corporation of India (LIC) to provide digital insurance repository services. This collaboration aims to enhance paperless policy management, enabling policyholders to store and modify policies electronically. The move is expected to boost digital accessibility and efficiency in the insurance sector.

Key Highlights

Objective

• To enhance digital access and management of insurance policies through electronic repositories.

Centrico’s Presence

• Partnered with 43 insurers, including 23 life insurance companies.
• Strengthening its network in digital insurance services.

LIC’s Market Leadership

• LIC achieved a new business premium of ₹3.36 trillion in FY25, reinforcing its dominant market position.

Significance

• Encourages digital transformation in the insurance sector.
• Provides policyholders with greater convenience and security.