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More insurers on the way

Four more companies are awaiting approval from the Insurance Regulatory and Development Authority (IRDA) to start insurance business.

Apnainsurance.com Research Bureau

13 Aug 2008

Four more companies are awaiting approval from the Insurance Regulatory and Development Authority (IRDA) to start insurance business. As reported by Business Line, Mr J. Hari Narayana, Chairman, IRDA said, "We have asked for some particulars and the moment they submit them, we will issue R1 licence (the first of three licenses required to start operations."