IRDAI has given its certificate of registration to Edelweiss Financial Services to float a non-life insurance business.
The company, which has a life insurance business, will now tap the general insurance industry.
In a press release, IRDAI said, “Edelweiss General Insurance has been registered as the general insurance.”
IRDAI further said that the total number of general insurers has gone up to 33 including standalone health insurers with this development.
Edelweiss Financial Services has interests in services ranging from retail finance, debt capital markets, commodities, financial markets, wealth management and asset management.