Insurance News Details

Go Digit Life Insurance gets approval from IRDAI to start insurance business

(09-Jun-23   10:53)

Insurance regulator IRDAI said on Friday that it has granted approval to Go Digit Life Insurance to start life insurance business in India.

?With this, the number of insurers operating in life insurance segment has gone up to 26,? IRDAI said.

Insurance Regulatory and Development Authority of India (IRDAI) in its 122nd meeting held on June 02, 2023, has granted a Certificate of Registration to a new life insurer namely, Go Digit Life Insurance Limited to carry life insurance business in India, the regulator said.

On March 31, Acko Life Insurance and Credit Access Life Insurance were allowed to carry out life insurance business. While allowing Acko and Credit Access Gramin, the regulator IRDAI said another 20 applications are in the pipeline at various stages of registration in life, general and reinsurance segments.

Go Digit, a firm backed by Canada-based Fairfax Group, is already in the general insurance business.

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