CDSL Arm Centrico Insurance Repository Partners with LIC for Digital Insurance Services

Centrico Insurance Repository, a subsidiary of Central Depository Services, has signed an agreement with the Life Insurance Corporation of India (LIC) to offer insurance repository services. This collaboration aims to enhance digital access and management of insurance policies.

Expanding Digital Insurance Services

The insurance repository system, introduced by regulators, allows policyholders to store policies electronically. It also enables seamless modifications and updates, ensuring a more efficient and paperless insurance experience.

Centrico’s Growing Network and LIC’s Market Presence

Centrico is already partnered with 43 insurers, including 23 life insurance companies. LIC, India’s largest life insurer, has achieved a new business premium of Rs. 3.36 trillion in FY25, reinforcing its dominant position in the industry.

CDSL Share Performance 

As of March 21, 2025, at 11:15 AM, CDSL Ltd share price is trading at ₹1,205.65 per share, reflecting a surge of 3.02% from the previous day’s closing price. Over the past month, the stock has fallen by 3.98%. The 52-week high and 52-week low of the stock stand at ₹1,989.80 and ₹837.50 per share ,respectively.

Conclusion

The partnership between Centrico and LIC marks a significant step toward digital transformation in the insurance sector, offering policyholders greater convenience and accessibility.

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