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Indiabulls General Insurance gets Irda's nod to foray into non-life biz

In January, another subsidiary Indiabulls Life Insurance Company had received R1 approval from Insurance Regulatory and Development Authority of India (Irdai)

Press Trust of India  |  New Delhi 

Irdai, insurers, brokers, GIC
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General Insurance, a subsidiary of Integrated Services, Wednesday said it has received preliminary approval from regulator to foray into non-life business.

In January, another subsidiary Life Insurance Company had received R1 approval from Insurance Regulatory and Development Authority of India (Irdai).

"Indiabulls General Insurance Limited has also received regulatory R1 approval from for its proposed general insurance business," Indiabulls Integrated Services said in a regulatory filing.

The company is in the process of putting in place the necessary systems and move ahead with the next step of filing its application for registration (R2) with to undertake general insurance business in India, it said.

First Published: Wed, April 17 2019. 21:25 IST
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