Latest News | Go Digit Life Insurance Gets Irdai Nod to Carry Life Insurance Business in India

New Delhi, Jun 9 (PTI) Regulator Irdai on Friday said it has given permission to Go Digit Life Insurance Limited to carry the life insurance business in India.

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

Also Read | Cyclone Biparjoy Tracker Latest Update: Very Severe Cyclonic Storm To Intensify in Next 36 Hours, Says IMD.

With the latest addition, the number of insurers operating in the life insurance segment has gone up to 26.

"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.

Also Read | Rs 2,000 Notes Worth Rs 1.80 Lakh Crore Have Come Back in Banks So Far, Says RBI Governor Shaktikanta Das.

Go Digit General Insurance is also proposing to come out with an IPO and has already filed papers with markets regulator Sebi.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)