Insurance Regulatory and Development Authority of India (IRDAI) has received fresg applications from ten new players who want to start operations in the country.
"The regulator is currently processing applications of ten players consisting of insurers and re-insurers," IRDA member (Finance and Investment) V R Iyer said.
"Four primary players - two non-life insurers, one life insurer, one health player, one re-insurer - and five global re-insurers have now applied for licences to set up operations in the country," she said.
However, names of these insurers and re-insurer were not revealed.
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