IRDAI has given its go ahead to Aditya Birla Group to float its health insurance business in India.
The standalone health insurance Aditya Birla Health Insurance is a joint venture between Aditya Birla Financial Services of India and South Africa based MMI Strategic Ltd.
The insurance regulator has issued the certificate of registration on July 11, 2016.
With this, the total number of standalone health insurers has gone up to six.
Aditya Birla Financial Services has business interests in life insurance, mutual fund and wealth management.