Insurance Repository means a company formed and registered under the Companies Act, 1956 and which has been granted a certificate of registration by Insurance Regulatory and Development Authority (IRDA) for maintaining data of insurance policies in electronic form on behalf of Insurers. To implement the Insurance Repository System, IRDA has granted Certificate of Registration to the following five entities to act as Insurance Repositories. • NSDL Database Management Limited

LIC of India's new plan Children Money Back Plan (Table No. 832) provides money back at policy anniversary coinciding are falling after 18th, 20th and 22nd birthday. Money back is equal to the 20% of the basic sum assured in the policy. But many people don't like the money back policy want the endowment plans so that they can get a lump sum amount after a fixed interval of time. The New children money back plan has a unique feature to reinvest the survival benefit with LIC it