News From Press With IRDAI’s PE norms, insurers can have professional promoters

With IRDAI’s PE norms, insurers can have professional promoters

Source: Times of India Dec 6, 2017

Two former CEOs of insurance companies — Rajesh Relan (ex-CEO of PNB MetLife) and P Nandgopal (ex-CEO of both IndiaFirst and Reliance Life) — are turning health insuranceentrepreneurs. The Insurance Regulatory and Development Authority's (IRDAI's) decision to permit private equity (PE) funding, as against strategic investors, in insurance has paved the way for professional promoters.

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