HomeBusiness RegistrationInsurance Repository Registration
Secure Consultation

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.

4.8/5
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
View Packages
Loading form...
TRUSTED BY 500K+ CLIENTS
HDFC BankRazorpayICICI BankAmazonFlipkartSwiggyZomatoHDFC BankRazorpayICICI BankAmazonFlipkartSwiggyZomato

Insurance Repository Registration Overview

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.

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 & Requirements

Public Limited Companies registered in India.
Must have a minimum net worth of Rs. 25 Crores.
Promoters must meet strict 'Fit and Proper' criteria.
Foreign Direct Investment limit applies as per government regulations.

Types and Coverage

1

Insurance Repository

An entity authorized to maintain data of insurance policies in electronic form on behalf of insurers.

Benefits

1

Centralized Policy Storage

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

2

Regulatory Compliance

Provide the infrastructure required by IRDAI for dematerialized insurance policies.

3

Market Leadership

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

Fees

Professional fee starts atLoading...
Government fees+ IRDAI Fees

Timeline

Estimated completion90+ Working Days

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 Company

Step 2

Build IT Infrastructure

Step 3

Submit Application to IRDAI

Step 4

IRDAI Technical Review

Step 5

In-Principle Approval

Step 6

Final Setup & Audit

Step 7

Operational Approval

Step 8

Launch Repository

Why Veagle Space?

Verified
Professionals
Clear
Timelines
Transparent
Pricing
Document-led
Process

Frequently Asked Questions

What is an e-Insurance Account (eIA)?

It is an electronic account opened by an individual with a Repository to hold all their insurance policies digitally.

Testimonials

What our Customers Say

Related Links

Other Important Pages Related to Business Registration