INTERNATIONAL JOURNAL OF TECHNOLOGY MANAGEMENT & HUMANITIES
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Title:“Impact of Insurance Repository: A Step toward e- word”
Abstract:India is the second most populous country in the world, whose rapidly developing economy, is widening the gap between rich and poor. Insurance & Microfinance allows the poor to get the loans; they need to save, invest, and create a sustainable profitability & lifestyle of financial independence and growth. An Insurance Repository is a facility to help policy holders buy and keep insurance policies in electronic form, rather than as a paper document. Insurance Repositories, like Share Depositories or Mutual Fund Transfer Agencies, will hold electronic records of insurance policies issued to individuals and such policies are called “electronic policies” or “e Policies”. Union Finance Minister Launched Insurance Repository System (IRS) on 16th September 2013. This is unique system in the world.