Smallcap stock jumps 3% after announcing agreement with LIC for insurance repository servicesSmallcap stock jumps 3% after announcing agreement with LIC for insurance repository services

Introduction:

Leading insurance company has signed an agreement with India’s largest life insurer to enable electronic issuance of insurance policies. This milestone initiative allows policyholders to access policies digitally through e-Insurance Accounts (eIA), enhancing convenience and transforming the insurance experience.

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Share price movement of CAMS:

On March 17, 2025, Computer Age Management Services Ltd opened at ₹3,469.70, up 1.75% from its previous close of ₹3,409.90. The stock reached a high of ₹3,518.15 (3.17%) and a low of ₹3,412.95. By 12:45 PM, it traded at ₹3,438.00, a 0.82% increase, with a market cap of ₹16,991.76 crore.

CAMS Insurance Repository Signs Agreement with LIC for e-Insurance Services:

CAMS Insurance Repository Services Limited (CAMSREP), a wholly owned subsidiary of Computer Age Management Services Ltd., has signed an agreement with Life Insurance Corporation of India (LIC) to facilitate the issuance of insurance policies in electronic (dematerialised) format via e-Insurance Accounts (eIA).

This marks a major milestone in the industry as LIC, India’s largest life insurer, embraces digital policy issuance. CAMSREP, among the first IRDAI-licensed repositories, has been driving digital transformation, managing over one crore e-policies, and enhancing user experience through innovative digital platforms.

CAMSREP’s Bima Central, an integrated digital platform for eIA holders, offers services such as policy renewal, personal detail updates, and policy servicing. Available in multiple languages and across web and mobile platforms, it has 4.5 lakh active users, processing one lakh requests monthly.

Recent news on CAMS:

As of February 01, 2025, Computer Age Management Services Ltd reported a 40.2% rise in consolidated PAT at ₹124.11 crore for Q3 FY25. Revenue surged 27.6% to ₹370 crore, and the company announced an interim dividend of ₹17.5 per share.

Stock performance of CAMS for Period of 1 week, 6 months, and 1 year:

Computer Age Management Services Ltd delivered a 1.86% return over the past week, while its six-month performance declined by 24.7%. However, the stock maintained a strong yearly gain of 13.9%, reflecting long-term investor confidence despite short-term volatility.3

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Shareholding pattern of CAMS:

Particulars	Dec 2024	Sep 2024	Jun 2024
Promoter	0.00%	0.00%	0.00%
FII	57.60%	56.50%	56.50%
DII	17.30%	18.70%	19.40%
Public	25.00%	24.80%	24.10%

About CAMS:

Computer Age Management Services Ltd (NSE: CAMS) is a leading mutual funds transfer agency, offering investor services, distributor support, and asset management company (AMC) solutions. It plays a crucial role in streamlining mutual fund transactions and operations across India.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.