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Insurance Repository Registration (IRDAI)

An Insurance Repository is an entity licensed by IRDAI to store all types of insurance policies in dematerialized (electronic) form. Only 5 entities are approved by IRDAI as Insurance Repositories in India.

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Reviewed byInsurance and regulatory compliance expertUpdated May 5 2026, 02:30 PM
Professional Fees
Loading...+ IRDAI Fees
Estimated Time
90+Working Days
IRDAI Insurance Repository application filing
Technology and IT infrastructure compliance advisory
SEBI DEMAT-equivalent regulatory compliance framework
eIA (e-Insurance Account) management system advisory
Ongoing IRDAI reporting and compliance
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Insurance Repository Registration Overview

Insurance Repositories maintain data of insurance policies in electronic form on behalf of insurers, providing e-Insurance Accounts (eIA) to policyholders.

Establishing a formalized structure through Insurance Repository Registration is a critical milestone. It not only grants you legal recognition and credibility in the market but also offers significant operational advantages. This includes limited liability protection, better access to formal credit and funding, and the ability to attract top-tier talent and partnerships. We ensure that your foundational compliance is rock-solid from day one.

Our team helps with eligibility checks, document collection, application preparation, filing, and follow-up support so the process stays clear from start to finish.

Eligibility

A public limited company with a minimum net worth of Rs. 25 Crores, possessing highly secure data storage capabilities.

Public Limited Company
Minimum ₹25 Crores Net Worth
High-End Data Security
IRDAI Approval

Benefits

Centralized Policy Storage

Policyholders can store all their insurance policies in one e-insurance account.

Regulatory Compliance

Provide the infrastructure required by IRDAI for dematerialized insurance policies.

Market Leadership

Extremely limited competition — only 5 IRDAI-approved repositories in India.

Documents Required

  • Certificate of Incorporation of the company
  • Memorandum and Articles of Association
  • Net worth certificate (minimum Rs. 25 crore) certified by CA
  • Detailed IT infrastructure plan and security architecture
  • Cybersecurity audit report
  • Background check of all directors and promoters
  • Board resolution for the application
  • Draft agreement framework with insurance companies

Process

Step 1

Incorporate Public Ltd Company

Set up the entity with the required Rs. 25 Cr capital.

Step 2

Build Secure Infrastructure

Develop secure IT systems for massive data storage and retrieval.

Step 3

IT Audit

Obtain clearance from CERT-In empanelled auditors.

Step 4

Submit IRDAI Application

File detailed operational and technical plans.

Step 5

System Demonstration

Demonstrate capabilities to IRDAI technical committees.

Step 6

License Issuance

Receive the certificate of registration.

Timeline

Setting up an Insurance Repository requires significant capital and infrastructure. Approvals can take 6-12 months.

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Frequently Asked Questions

What is an e-Insurance Account (eIA)?

It is a digital account provided by an Insurance Repository where policyholders can hold all their life, health, and general policies.

Who can set up a repository?

Only entities meeting strict financial (Rs. 25 Cr net worth) and technological standards, often backed by existing depositories like NSDL or CDSL.

Can a repository sell insurance?

No, a repository strictly acts as a data custodian and cannot sell or solicit insurance business.

Is foreign investment allowed?

Yes, subject to prevailing FDI guidelines for the insurance sector.

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