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Insurance Edelweiss Financial Services to foray into general insurance business

Edelweiss Financial Services to foray into general insurance business

The company has received IRDAI’s go ahead to set up non-life business in India.
Team Cafemutual Apr 7, 2017

IRDAI has given its go ahead to Edelweiss Financial Services to set up a non-life business in India.

In its corporate announcement on BSE, the company has said, “IRDAI has accepted the registration of application for setting up a general insurance company in India, filed by Edelweiss General Insurance Industry, a wholly owned subsidiary. This is the second stage of regulatory clearances required for carrying on the business general insurance.”

The company, which has a life insurance business, will now tap the non-life insurance industry currently comprising 28 players.

Edelweiss Financial Services has interests in services ranging from retail finance, debt capital markets, commodities, financial markets, wealth management and asset management.

2 Comments
Kishore H mehta · 2 weeks ago
Congrat. to your new venture, after sales service is priority product rates of course will be same to market.
GAJANAN YADAV · 2 weeks ago
Congratulations EDELWEISS one more feather on your cap. We also expecting to grow with this business.
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