The Insurance Repository System was formally launched in India by IRDA on 16th September 2013 to provide better services to policyholders as well as to enhance insurance penetration. Currently five entities have been licensed by the regulator to act as insurance repositories. In an interview with Sanjeev Sinha, Mr Subbarao Mukkavilli, executive director, Karvy Insurance Repository, talks about the concept of insurance repository and shares his views on how e-insurance can be given a boost. Excerpts:
ULIPs cannot be advertised as investment product: IRDAI
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