15-Jul-2015 15:02

"This means, general insurance companies can now tie-up with repositories.Launching health, motor policies in demat format by this year-end is achievable now," said Ramanan."The data exchange policy has been agreed upon between the General Insurance Counsel and insurance repositories.And the data structure for health and motor insurance has been defined.


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Last week, the insurance regulator came out with revised guidelines for insurance repositories and electronic insurance policies, which said that all insurance policies --- life, general or health --- can be held in the digital format.Ramnan said around 11-12 crore new general insurance policies are issued every year.So, that is the number of electronic policies the repository is targeting.Insurance Repository System was formally launched in September 2013.

And till date, CAMS Repository has a total of 150,000 accounts of which 60,000 hold demat policies.The Collaborative Assessment and Management of Suicidality (CAMS) is an evidence-based clinical intervention that has significantly evolved over 25 years of clinical research.

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