CIRL Partners with LIC to Provide Insurance Repository Services #cams #camsshare #camsstock #lic

Centrico Insurance Repository Limited (CIRL), a subsidiary of Central Depository Services (India) Limited (CDSL), has signed an agreement with Life Insurance Corporation of India (LIC) to offer Insurance Repository (IR) services. This partnership marks a significant step in digitalizing insurance policies and enhancing customer convenience.

As part of LIC’s Request for Proposal (RFP) process, CIRL will provide IR services and introduce value-added features to improve policyholder experience. With this collaboration, CIRL now works with 43 insurance companies, including 23 life insurers, further strengthening its position in India’s insurance repository ecosystem.

The partnership also brings strategic synergies, as LIC holds an 8.3% stake in CIRL, while CDSL retains a 51% shareholding, with an additional 3.25% held through CDSL Ventures Limited.

By joining forces with India’s largest life insurer, CIRL is poised to expand its reach and develop innovative digital solutions for insurance policyholders nationwide.

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