Which one of the following is the example of Insurance depositories?
[A]Central Insurance Repository Limited (CIRL)
[B]Karvy Insurance repository Limited
[C]NSDL Database Management Limited
[D]All of these
All of these
The term “Insurance Repository” means a company formed and registered under the Companies Act, 1956 and that has granted a certificate of registration by Insurance Regulatory and Development Authority (IRDA) of India for maintaining data of insurance policies in Electronic form on behalf of Insurers. The Insurance Repositories provides the ease of holding insurance policies issued in an electronic form. In 2013 ,IRDA has issued licences to five entities to act as Insurance depositories —
a) Central Insurance Repository Limited (CIRL).
b) NSDL Database Management Limited.
c) SHCIL Projects Limited.
d) Karvy Insurance repository Limited.
e) CAMS Repository Services Limited.