News From Press Paytm looks for insurance licence in growth push

Paytm looks for insurance licence in growth push

Source: ET Feb 27, 2018

Online payments major Paytm plans to apply for a licence to operate as a life and general insurer, people aware of the matter said.

Paytm, which has set up two separate entities named Paytm Life Insurance and Paytm General Insurance, will file an application with IRDAI. Paytm’s move to aggressively chase the overall consumer finance sector is aimed at accelerating growth in its non-payments business.

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