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Stocks That May Gain From Insurance Dematerialisation

28 February 20236 mins read by Angel One
As IRDAI has mandated the insurance dematerialisation, a lot of stocks might benefit from the change. Let’s find out the top 6 stocks that could gain from this new policy.
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The Insurance Regulatory and Development Authority of India (IRDAI) has mandated the dematerialisation of a new insurance policy by December 2022. The existing/old policies should also be mandatorily dematerialised by 2023. 

It has been stated by the IRDAI that eKYC will also become mandatory starting from Nov 1. This will additionally be helpful for dematerialising insurance policies. 

What is dematerialisation?

Dematerialisation is nothing but the process of converting physical shares and securities into an electronic format. The main agenda of this action is to simplify and smoothen the process without the hassle of paperwork at the renewal time. The main focus of this process is to reduce the transaction cost and also prompt modification of any policies. 

As a result, the IRDAI has instructed in making a new platform for the sale, serving and claiming of insurance policies.

How Insurance Dematerialisation can be beneficial?

  • It is a more efficient & transparent way of storing all your data without additional paperwork.
  • Dematerialisation can bring down the cost of insurance plans.
  • With the eKYC, a unique ID will be provided that can be referred to at any given time for buying a new policy.
  • Changing of address or nominee becomes an easy process. Any policyholder can change these swiftly through an insurance Demat account.
  • Maintenance and protection become easier compared to the tedious physical process. 

Due to the introduction of insurance dematerialisation, it is obvious that there will be a rise in the share price of the stock brokerage firms. 

Top 6 companies that may get benefit from insurance dematerialisation

Motilal Oswal Financial Services Ltd

Motilal Oswal Financial Services Ltd is an Indian financial service company that offers a variety of financial products and services The current share price of Motilal Oswal is ₹ 770 with a high of ₹ 1,015 and a low of ₹714. There is a huge chance of an increase in the share price for insurance dematerialisation. 

So if you want to invest, first check the Motilal Oswal Share price in Angel One. 

ICICI Securities LTD

This business mainly deals with different broking services, merchant banking and advisory services. The share price of ICICI Securities LTD currently stands at ₹506 with a high of ₹896 and a low of ₹408. Due to the mandatory insurance dematerialisation, there is a chance of a rise in share price.

Planning to invest in it? Before that, track the ICICI Securities LTD share price in Angel One.

IIFL Securities Ltd

Incorporated in 1996, IIFL securities provide a lot of broking services, Currently, the share price of the firm stands at ₹73.2 with a high of ₹119 and a low of ₹65.0. With the mandate of dematerialisation in insurance, there is a chance of a rise in the share price. 

Always keep a track of the share price before investing. Track IIFL Securities Ltd share price in Angel One.

Edelweiss Financial Services Ltd

Edelweiss Financial Services Ltd is mainly involved in investment banking services. Presently, the share price of this investment banking firm is at ₹65.8 with a high of ₹85 and a low of ₹49.0. 

Interested in investing? Check Edelweiss Financial Services Ltd share price on Angel One before you invest. 

Share India Securities Ltd

This financial service provider is mastered in technology to offer customisable market tech-based solutions to clients. The share price of this form currently stands at ₹1150 with a high of ₹1475 and a low of ₹520.  

So have a look at Share India Securities Ltd share price at Angel One before you step into investing 

5Paisa Capital Ltd

This fintech company mainly deals with different stock broking depository services, research, loans, distribution of different financial products and loans. At present, the current share price of the firm is ₹352 with a high of ₹544 and a low of ₹265.  

Get 5paisa share price live updates on your Angel One mobile app before investing.

Bombay Stock Exchange (BSE)

Unlike others on the list, the Bombay Stock exchange is not a stockbroker, but a stock exchange. However, its revenue from transaction charges is expected to rise with the increase in dematerialisation and subsequent increase in trading. In terms of BSE share price, its 52 week high is ₹1046.67 and low is ₹377.43, while currently its price is ₹683.25. Get BSE share live updates on your Angel One mobile app before investing.

Central Depository Services (India) Ltd. (CDSL)

The CDSL is a depository for demat accounts of a number of major depository participants  (including Angel One and Zerodha) in the country and is expected to have increased revenues from transaction charges on demat account activities. In the case of CDSL share price, its 52 week low is ₹1015 and high is ₹1734.40 while its current price is ₹1398.85. Get CDSL live updates on your Angel One mobile app before investing.

Angel One Ltd

Angel One Ltd. is a depository participant with a trading app that has one of the largest pools of clients in India which is set to increase even further. It is said to have one of the best trading apps for beginners – new clients being nudged into using dematerialised accounts are likely to open them in an app that is the easiest to use and understand. Angel one share price 52 week high is ₹2022 and low is ₹990.50 while its current price is ₹1555.60.

Check the Angel One app by opening your demat account in 5 minutes or simply check out the website for more details.


The mandate of the dematerialisation of insurance can benefit the above stocks. However, it is always advisable to do thorough research before investing your money as there can be several risks involved. But if you are ready to take your first step in the world of investing, start your journey by opening a free Demat account with Angel One. 

Disclaimer This blog is exclusively for educational purposes. The securities quoted are exemplary and are not recommended.

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