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BIZ-INSURANCE-IRDAI (BCM25) - Irdai gets 5 applications for non-life, reinsurance biz

Contributed by NAMPA / PTI.

Mumbai, Oct 13 (PTI) Regulator Irdai has received three applications for non-life business and two from reinsurance companies to start operations in India.
Currently, there are 24 companies each in life and non-life insurance spaces. Besides, there are six standalone health insurers and eight reinsurance companies in the country.
However, there is no application pending for any new life insurance company with the insurance regulator at present, a senior Irdai official said.
"We have receiv ...