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What We Do / NDML Projects / NSDL National Insurance Repository

NDML has received an approval from Insurance Regulatory and Development Authority of India (IRDAI) for setting up Insurance Repository and has started its operations for NSDL National Insurance Repository (NIR). NIR will facilitate holding of all type of insurance policies in electronic form in a single e-Insurance Account (eIA). It will do away with all the lacunae of holding the insurance policies in physical form. This will enable the insured to have access to all insurance policies with a single log in. eIA will also facilitate common Know Your Customer (KYC) for eIA holder. The KYC done while opening an eIA will eliminate the need to repeat the KYC every time an insurance policy is purchased. eIA also acts as a single point of contact for the account holder to update demographic details with all the insurance companies with whom insurance policies are held. It will also facilitate conversion of the existing paper policies into electronic policies at the request of the policy holders

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