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Approval For 18 Insurance Companies In Pipeline, Says IRDAI Chairman Debasish Panda | Business Lunch
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Insurance regulator is in favour of issuing composite licenses, which is a common license to operate in life and general insurance market, IRDAI Chairman Debasish Panda told CNBC-TV18 in an interview. There are a lot of inquiries regarding setting up of new units, he added.
Panda said that the last approval for a new insurance company was granted in 2017, "... and after five years today, we have approved insurance company by the name Kshema General Insurance and there's another one, which is ready. We couldn't bring that proposal because their arrival of the capital will take another 15 days, it's in the pipeline... We hope in the next board (meeting) it should also get cleared and 18 more are in the pipeline."
#IRDAI #insurancecompanies #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday
About CNBC-TV18: India's leading business news channel, CNBC-TV18 offers the most comprehensive coverage of businesses, the economy and the financial markets. Catch all your favourite shows, exclusive videos, big-ticket interviews and more here.
You can also connect with CNBC-TV18 News Online
n18oc_business
Panda said that the last approval for a new insurance company was granted in 2017, "... and after five years today, we have approved insurance company by the name Kshema General Insurance and there's another one, which is ready. We couldn't bring that proposal because their arrival of the capital will take another 15 days, it's in the pipeline... We hope in the next board (meeting) it should also get cleared and 18 more are in the pipeline."
#IRDAI #insurancecompanies #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday
About CNBC-TV18: India's leading business news channel, CNBC-TV18 offers the most comprehensive coverage of businesses, the economy and the financial markets. Catch all your favourite shows, exclusive videos, big-ticket interviews and more here.
You can also connect with CNBC-TV18 News Online
n18oc_business
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