CIRL provides Basic Services which are FREE to policy holders and shall soon add Premium Services which are in the development.
Basic Services include: Opening of electronic Insurance Account (e-IA) to any customer above 18 years of age with valid KYC document.
CIRL gives option to convert your New or existing Life / Health or Motor Insurance policies from more than 42+ Insurance Companies into electronic mode in your CIRL e-IA account.
CIRL provides option to the policy holder to appoint Authorized Representative (AR) to administer your policy in your absence to support your family members your absence.
AR is provided the view only rights to access your eIA account, you may choose to change the AR anytime use the eIA Service Menu for the same.
CIRL also provides policy holders to make the payment of their insurance premium against all policies on the BBPS platform.
To open your eIA, you first need to select an Approved Person (AP), of your convenience. Use our search engine in contact details to find a AP who is located closest to your home or place of work.
Once you make your selection, you will be taken to an informative page of your chosen AP. If you are satisfied with what you read, you can download the eIA opening form & submit the same along with the KYC documents to the respective AP chosen by you.
CDSL Insurance Repository Limited (CIRL) is a company registered under the Companies Act, 1956. CIRL has received registration certificate from Insurance Regulatory and Development Authority of india (IRDAI) to act as an ‘Insurance Repository’ under the Guidelines on Insurance repositories and electronic issuance of insurance policies dated 29th April 2011
CIRL has been promoted by Central Depository Services (India) Limited (CDSL) by subscribing to 51% of the CIRL's Paid-up Equity Capital of Rs.30-crores .Insurance Companies from Life and Non-Life sectors hold 45.75% of the CIRL's Equity Capital and the balance 3.25% is held by CDSL’s wholly owned subsidiary company viz.CDSL Ventures Ltd.
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