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.
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
Shivam

As a Content Executive Writer at Adda247, I am dedicated to helping students stay ahead in their competitive exam preparation by providing clear, engaging, and insightful coverage of both major and minor current affairs. With a keen focus on trends and developments that can be crucial for exams, researches and presents daily news in a way that equips aspirants with the knowledge and confidence they need to excel. Through well-crafted content, Its my duty to ensures that learners remain informed, prepared, and ready to tackle any current affairs-related questions in their exams.

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