IRDA ISSUES NEW LICENCES

Chennai: The Insurance Regulatory Development Authority (Irda) has issued licences for two new life insurance companies and one non-life insurance company. With these entrants, the number of life and non-life insurance companies in India has gone up to 21 and 20 respectively. Aegon Religare Life Insurance Company, and Netherlands DLF Pramerica Life Insurance Company were granted licences. Bharti Axa General Insurance Company has been registered as a general insurance company.

Source: Business Standard