Centrico Insurance Repository Partners with LIC for Digital Insurance Services
| Key Aspect | Details |
|---|---|
| Entities Involved | Centrico Insurance Repository (subsidiary of CDSL) and LIC |
| Agreement | Signed to provide digital insurance repository services |
| Objective | Enhance paperless policy management and digital accessibility |
| Centrico's Network | Partnered with 43 insurers, including 23 life insurance companies |
| LIC's Market Position | Achieved ₹3.36 trillion in new business premium in FY25 |
| Significance | Promotes digital transformation in insurance; improves convenience and security for policyholders |