, India
/Abed Albaset Alhasan from Pexels

IRDAI grants operating license to new insurer, breaks 5-year grap since last entrant

Notably, this is the fifth registration granted by the IRDAI across the industry in approximately the last year.

The Insurance Regulatory & Development Authority of India (IRDAI) awarded a Certificate of Registration to Narayana Health Insurance in its 124th meeting on 28 December 28 2023.

This marks the entry of a new player in the health insurance sector in India, breaking a 5-year gap in new health insurer registrations. 

ALSO READ: IRDAI issues regulations for insurers’ ease of doing business

With Narayana Health Insurance's entry, the total number of companies operating in the health insurance market in India has risen to six. 

Notably, this is the fifth registration granted by the IRDAI across the Life, Non-life, and Health insurance segments in approximately the last year, indicating a period of growth and expansion in the Indian insurance industry.

 

Follow the link for more news on

Join Insurance Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Income-Allianz failed merger shows popular opinion is king
The deal faced backlash from Singaporeans who thought it betrayed Income’s social mission.
Filipino gamers hold promise for FWD
The insurer plans to support other games and aspects of the gaming ecosystem beyond esports.