Aegon Religare Life Insurance gets initial nod from IRDA
Aegon Religare Life Insurance Company on Tuesday said that it has received the initial approval - R1 licence from the IRDA to operate in the life insurance space.
By PTI |
MUMBAI: Aegon Religare Life Insurance Company on Tuesday said that it has received the initial approval - R1 licence from the Insurance Regulatory & Development Authority (IRDA) to operate in the life insurance space.
The company is a joint venture between Aegon, a global life insurance and pension company and Religare, one of India's leading integrated financial services institutions.
The R1 licence from the IRDA is the first of the three steps in the registration process, a press release issued here said.
Aegon Religare Life Insurance CEO Rajiv Jamkhedkar said that "we hope to get the subsequent approvals soon. We are here for the long-term and we look forward to serving the interest of the Indian consumer. We have plans to start with a large footprint going well beyond the Tier-I cities across the country."
The company is a joint venture between Aegon, a global life insurance and pension company and Religare, one of India's leading integrated financial services institutions.
The R1 licence from the IRDA is the first of the three steps in the registration process, a press release issued here said.
Aegon Religare Life Insurance CEO Rajiv Jamkhedkar said that "we hope to get the subsequent approvals soon. We are here for the long-term and we look forward to serving the interest of the Indian consumer. We have plans to start with a large footprint going well beyond the Tier-I cities across the country."
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