The National Depository Services (India) Limited (NDSL) on September 30, 2024, issued a notification regarding the Insurance Premium Computation Methodology.
For the insurance year 2024-25, the insurance premium for each Participant will be calculated based on their custody and transaction volume, with a minimum amount required. Participants who have previously lodged claims will face an additional premium loading. If a Participant closes its depository operations, it must still pay the premium for the following year to cover potential claims. The premium will be included in NSDL’s October 2024 monthly bill, and the insurance policy certificates will be dispatched directly to Participants by the insurance company.
[Notification No. NSDL/POLICY/2024/0145]
