Religare Health Insurance Company Limited (RHICL) has received the R2 license from the Insurance Regulatory Development Authority (IRDA).
Commenting on the development, Anuj Gulati, MD & CEO, Religare Health Insurance said, "We are pleased to move a step closer to launching our operations, and are in a complete state of preparedness for the same"
The shareholders of RHICL are Religare Enterprises Limited, Union Bank of India and Corporation Bank.
About Religare Enterprises Limited: (www.religare.in)
Religare Enterprises Limited (REL) is a leading emerging markets financial services group anchored in India.
In India, we offer a wide array of services including broking, insurance, asset management, lending solutions, investment banking and wealth management. With a network of over 2,200 business centres across 550 plus locations, and more than a million clients, REL enjoys a dominant presence in the Indian financial services space.
We have also built an Asia & emerging markets focused Institutional equities & Investment Banking business and a multi-boutique global asset management platform to tap the broader opportunities offered by the most promising emerging markets around the world.