CAMS Insurance Repository Services Limited (CAMSRep), a wholly owned subsidiary of Computer Age Management Services Limited (CAMS), has announced a significant milestone of servicing over 1 crore e-policies across 80 lakh e-Insurance Accounts (eIA), making it India’s largest insurance repository.
Key Highlights:
- Milestone Achievement: CAMSRep has surpassed 1 crore e-policies, underlining a decisive shift toward digital policy management in India.
- Industry Adoption: Over 90% of insurers now issue electronic policies through CAMSRep, with active support for converting paper policies into digital formats.
- New Platform – Bima Central:
- CAMSRep introduced Bima Central, an integrated benefit realization platform for policyholders.
- Features include renewal payments, personal detail updates, and policy servicing requests, available in Hindi, Telugu, and English.
- Within a few quarters of launch, Bima Central has garnered 4.5 lakh active users and processes nearly 1 lakh service requests per month.
CEO’s Statement:
Vivek Bengani, CEO of CAMSRep, said, “Through Bima Central, we are building an industry utility that transforms policyholder experiences and enhances the value of insurance products. With support from insurers, we aim to create a lasting impact.”
