CAMS Repository Services launches Industry-First Insurance Portfolio Management Platform

CAMS Repository Services (CAMSRep), a leading insurance repository, has introduced ‘Bima Central’, a cutting-edge insurance portfolio management platform designed to simplify policy management for customers. This innovative platform empowers policyholders to manage their insurance portfolio seamlessly, providing a unified and intuitive user interface with real-time data and servicing capabilities.Bima Central is a significant breakthrough in the insurance industry, addressing critical pain points in post-purchase policyholder journeys. With this platform, users can easily access and manage multiple life, health, and motor policies in a single place, streamlining the process of policy servicing and benefit realization.Key features of Bima Central include:

  1. Free e-Insurance Account and e-Policy Conversion: Policyholders can open a free e-Insurance Account and convert their policies to digital formats.
  2. Convenient Policy Servicing: Users can update personal details, view policy calendars, and receive renewal reminders.
  3. Timely Renewals: The platform ensures timely renewals and provides easy access to policy information.
  4. View Policy/Portfolio Benefits: Policyholders can view and download policy statements and benefits.
  5. Integrated Services: Bima Central integrates with 46 insurance companies across life, general, and health, including longstanding relations with six of the top 10 life insurers.

The platform is designed to provide a seamless customer experience, leveraging cutting-edge design and digital transformation. Vivek Bengani, CEO of CAMSRep, has over 21 years of experience in financial services and has played a key role in the development of Bima Central.CAMSRep has a strong track record of innovation, having developed the Digital Deep Tracing Solution, which recovered over ₹1,200 crore in unclaimed amounts. The company has also expanded its product range to include CKYC, an in-house communication engine, and an aggregator platform.With Bima Central, CAMSRep aims to revolutionize the insurance industry by providing a comprehensive and user-friendly platform for policyholders. The platform is available for both Android and iOS devices, ensuring that customers can access their insurance portfolio management services anywhere, anytime.