Religare gets R2 license from IRDA for health insurance business

MUMBAI: Healthcare and financial services major Religare Enterprises today said its health insurance company has received R2 license from the Insurance Regulatory Development Authority.

"We are pleased to move a step closer to launching our operations, and are in a complete state of preparedness for the same," Religare Health Insurance Managing Director and Chief Executive Officer Anuj Gulati said in a statement.

Religare Health Insurance is a joint venture between Religare Enterprises, Union Bank of India and Corporation Bank.

Religare is present in the life insurance segment and has a partnership with Dutch insurer Aegon.