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.
| Summary/Static | Details |
| Why in the news? | CDSL Arm Centrico Insurance Repository Partners with LIC for Digital Insurance Services |
| Partnership | Centrico Insurance Repository (CDSL arm) & LIC |
| Objective | Digital insurance repository services |
| Centrico’s Network | 43 insurers (23 life insurance companies) |
| LIC’s New Business Premium (FY25) | ₹3.36 trillion |
| Impact | Enhances digital insurance access & management |
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