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. The objective of setting up an Insurance Repository is to provide policyholders a facility to keep insurance policies in electronic form in e-Insurance account (eIA) and to undertake changes, modifications and revisions in the eIA account/ insurance policy with speed and accuracy in order to bring about efficiency, transparency and cost reduction in the issuance and maintenance of insurance policies.
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