SEBI explores insurance in CAS

SEBI is exploring options to include insurance policy details in the Consolidated Account Statement (CAS) which already covers stocks, mutual funds, and NPS.

“i have also written to the irdais chairman to explore the inclusion of insurance information so that investors can have a financial ledger covering their investments”

SEBI chairman's statement

SEBI Chairman Tuhin Kanta Pandey said he wrote to IRDAI chairman to explore adding insurance information to CAS for investors' financial clarity.

“i have also written to the irdais chairman to explore the inclusion of insurance information so that investors can have a financial ledger covering their investments”

CAS covers multiple investments

The Consolidated Account Statement (CAS) currently includes stocks, mutual funds, debt securities, and NPS investments for investors.

RBI also expanding CAS

The RBI will facilitate SEBI-regulated depositories to include bank deposit information in CAS through the Account Aggregator framework.

Account Aggregator benefits

The Account Aggregator framework enables secure sharing of financial data with consent, reducing paperwork and improving financial services efficiency.

Current CAS participation

48 SEBI-regulated entities act as Financial Information Providers while 378 entities serve as Financial Information Users in the Account Aggregator framework.

SEBI's next steps

SEBI is working to add bank deposit and insurance policy information to CAS through the Account Aggregator framework with investor consent.

Investor guidance

Investors should watch for SEBI, RBI, and IRDAI announcements on implementation timelines for expanded CAS coverage.