An insurance repository is a facility which allows policyholders to digitize their insurance policies or, in other words, hold their policies in a demat form.
The objective of creating insurance repositories was to help policyholders keep their insurance policies in
electronic form and to undertake changes, modifications and revisions in a policy with speed and accuracy.
This was aimed at bringing about efficiency, transparency and cost reduction in the issuance and maintenance of insurance policies.
After opting for this facility, policyholders can access their policies any time from their computer, mobile and tablet, and can also track the policy details, make renewal payments and initiate service requests.
Read more: Making digitized policies mandatory will give e-insurance a boost: Subbarao Mukkavilli, Karvy Insurance Repository - The Economic Times
The objective of creating insurance repositories was to help policyholders keep their insurance policies in
electronic form and to undertake changes, modifications and revisions in a policy with speed and accuracy.
This was aimed at bringing about efficiency, transparency and cost reduction in the issuance and maintenance of insurance policies.
After opting for this facility, policyholders can access their policies any time from their computer, mobile and tablet, and can also track the policy details, make renewal payments and initiate service requests.
Read more: Making digitized policies mandatory will give e-insurance a boost: Subbarao Mukkavilli, Karvy Insurance Repository - The Economic Times
