Mumbai: The Insurance Coverage Regulatory and Advancement Authority of India (IRDAI) on Friday stated that it has actually given approval to Go Digit Life Insurance coverage Limited to run in the life insurance coverage sector in India.
Go Digit, which is currently associated with the basic insurance coverage organization and supported by the Fairfax Group based in Canada, will now have the ability to broaden its services to consist of life insurance coverage.
With this approval, the overall variety of insurance companies running in the life insurance coverage section has actually increased to 26.
” Insurance Coverage Regulatory and Advancement Authority of India (Irdai) in its 122nd conference hung on June 02, 2023, has actually given a Certificate of Registration to a brand-new life insurance provider particularly, Go Digit Life Insurance coverage Limited to bring life insurance coverage organization in India,” the regulator stated.
Go Digit General Insurance coverage is preparing to introduce a going public (IPO) and has actually currently sent the needed files to the Securities and Exchange Board of India (SEBI), the marketplaces regulator.