India Infoline gets IRDA nod for insurance broking

Following this, the group is set to start the insurance broking business through its broking subsidiary, India Infoline Insurance Brokers Ltd, a company release said here today.     

The company is the largest corporate agent for leading private-sector life insurer, ICICI Prudential Life, and has assisted over 3 lakh people to avail the insurance cover, India Infoline Group's Chairman, Nirmal Jain, said.     

"The licence will enable India Infoline to offer customers a broad range of products from multiple Life as well as non-Life Insurance companies..." Jain said.     

The company has a network of 758 business locations spread over 346 cities across the country and caters to a customer-base of over 8-lakh customers, the company said.