IRDA has issued Certificates of Registration to five new companies in May-June 2008, to undertake insurance business in India. The total number of life insurers registered with the Authority has gone up to 21. While, the total number of general insurers registered with IRDA has gone up to 20.LIFE INSURERS:
1. Aegon Religare Life Insurance Company Limited, a joint venture life insurance company promoted by Religare Enterprises Limited, India, Bennett Coleman & Company Limited, India and Aegon N.V., Netherlands has been registered on 27th June 2008, as a Life Insurer with IRDA.
2. DLF Pramerica Life Insurance Company Limited, a joint venture life insurance company promoted by DLF Limited, India and Prudential International Insurance Holdings Ltd, USA has been registered on 27th June 2008, as a Life Insurer with IRDA.
3. Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited, a joint venture life insurance company promoted by Canara Bank, Oriental Bank of Commerce, India and HSBC Insurance (Asia Pacific) Holdings Limited (INAH), Hong Kong has been registered on 8th May 2008, as a Life Insurer with the Authority.
NON-LIFE INSURERS:
1. Bharti Axa General Insurance Company Limited, a joint venture general insurance company promoted by Bharti Ventures Limited, GIBA Holdings Pvt Limited, India and Societe Beaujon, a wholly owned subsidiary of AXA S.A., France has been registered on 27th June 2008, as a General Insurer with IRDA.
2. Shriram General Insurance Company Limited, a joint venture general insurance company promoted by Shriram Financial Services Holdings Pvt Ltd., India and Sanlam Limited, South Africa has been registered on 8th May 2008, as a General Insurer with the Authority.
Source: insuremagic
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