India’s Largest Insurer Safeguards 30 Cr+ PII with CryptoBind

In a landmark achievement redefining digital trust in India’s financial ecosystem, JISA Softech has successfully implemented its flagship data privacy platform, CryptoBind®, for the country’s largest public sector insurance company. The project marks the deployment of India’s most extensive centralized Data Vault and Hardware Security Module (HSM) infrastructure; safeguarding over 30 crore Personally Identifiable Information (PII) records of Indian citizens. This initiative establishes a new benchmark in privacy, cryptographic security, and compliance within the BFSI sector.

A Legacy Institution with a New Vision

The client, India’s largest insurer and one of the country’s most trusted financial institutions, stands as a symbol of national financial stability. As a Government of India-owned entity with ₹56.61 trillion in assets under management and a legacy spanning seven decades, it serves over 29 crore policyholders across the nation.

Having operations in 33 divisional offices and 212 branches globally, the insurer has been using legacy IT systems that never existed to address privacy, analytics and compliance requirements, as it is currently. However, as the organization was undergoing digital transformation, as it strived to make it a data-first, customer-centric organization, it realized that it was in dire need of a secure, scalable, and regulation-compliant framework of data protection.

This need was increased with the introduction of the Digital Personal Data Protection (DPDP) Act, 2023. Dealing with large amounts of citizen data required an architecture that would guarantee privacy by design, operational agility, and regulatory scrutiny, as well as provide analytics, automation, and innovation.

The Challenge: Privacy at Scale

Before the transformation, the insurer’s environment faced a number of challenges common across large BFSI ecosystems:

• Fragmented and duplicated data spread across multiple systems and databases.

• Limited scalability for integration with modern marketing or analytics tools.

• Restricted ability to perform analytics without exposing sensitive PII.

• Compliance constraints preventing collaboration with external partners for insights.

• Lack of fine-grained role-based access control mechanisms.

• Security risks from legacy architectures and decentralized key management systems.

These issues collectively hindered the insurer’s ability to innovate confidently. It needed a privacy-first digital foundation that could protect PII at scale without limiting data-driven decision-making.

The Solution: CryptoBind® – India’s Quantum-Safe Data Protection Framework

To address these complex challenges, JISA Softech deployed its advanced CryptoBind® Privacy Suite, a purpose-built platform for BFSI data security and compliance.

At the heart of this implementation was the CryptoBind® Secure Vault, a centralized data protection layer enabling encryption, tokenization, and anonymization of PII data. This Vault formed the core privacy engine, ensuring that every piece of sensitive customer data—whether stored or in motion; was fully secured.

A key innovation introduced was “Identifiable Tokenization”, a proprietary format-preserving masking mechanism that converts sensitive data into non-sensitive, anonymized tokens. These tokens retain data usability for analytics and operational systems while ensuring that no external or third-party platforms, including MarTech or CRM tools, can ever reverse-engineer or link them to the original identities.

Complementing the vault, CryptoBind® HSM, a FIPS 140-2 Level 3 certified hardware security infrastructure; was deployed for cryptographic key generation, lifecycle management, and secure signing operations. The HSM provided dedicated REST and SOAP APIs, enabling seamless integration with both legacy mainframes and modern digital applications.

The comprehensive deployment included:

• Centralized Key Management Portal with granular user and role-based controls.

• Token Lifecycle Management for regulated data retention and disposal.

• End-to-End Audit Trails with real-time alerting on unauthorized access attempts.

• Scalable integration framework supporting cloud, on-premises, and hybrid environments.

Together, these components established a quantum-safe, compliance-aligned, and interoperable privacy ecosystem, capable of supporting future regulatory and technological evolutions.

Transformative Results

The results of the deployment were swift and measurable:

• 30 Cr+ PII data points secured and tokenized across all business functions.

• Complete compliance with DPDP Act 2023 and internal IT governance frameworks.

• Elimination of data silos and standardization of data privacy policies across all divisions.

• Enabled analytics without exposing PII, supporting AI and business intelligence initiatives.

• Enhanced collaboration between internal and external systems under strict access control.

• Centralized cryptographic key lifecycle management with full auditability.

• Zero data exposure incidents post-deployment and reduced operational risk footprint.

The insurer also witnessed improved performance and faster integration cycles across its BFSI ecosystem, achieving both regulatory readiness and operational excellence.

Impact on the BFSI Ecosystem

The relevance of this project is far more than the scope of one organization. It is a paradigm shift in privacy and compliance in data-driven change of large enterprises.

By combining HSM-grade security, tokenization-based anonymization, and audit-ready governance, JISA Softech has demonstrated that digital trust can be achieved even in the most complex legacy environments.

The outcome of this project is establishing a national precedent because it demonstrates the fact that privacy and innovation are not incompatible but rather support each other as the building blocks of digital development. With more regulatory attention and changing cyber threats of the Indian financial institution, this deployment can be a model of scalable, compliant, and future-ready data protection.

A New Era of Privacy-Driven Digital Transformation

Privacy and compliance are no longer just a choice as India enters the digital age of increased regulatory attention and closer oversight. JISA Softech is on the path to empowering businesses to transition posture security to resilient, privacy-first systems with such innovations as CryptoBind.    Having extensive domain expertise in HSM, Tokenization, Cryptography, PKI, and Enterprise Data Protection, JISA Softech is leading to allow secure, compliant, and future-ready digital transformations; making JISA Softech a name that is trusted to be its guardian of the digital trust infrastructure of India.