Rajan Raheja group gets nod for general insurance ventureDecember 16th, 2008 - 7:58 pm ICT by IANS
Chennai, Dec 16 (IANS) The Insurance Regulatory and Development Authority (IRDA) has given the green signal to the Mumbai-based Rajan Raheja Group to enter the general insurance segment. Group company Prism Cement Ltd and Australian QBE Insurance Group have floated a joint venture, Raheja QBE General Insurance Co, for this.
The Indian group is already present in the life insurance sector through group company Exide Industries Ltd, which holds a 49.13 percent in the Bangalore-based ING Vysya Life Insurance Co Ltd.
With this, the total number of general insurers in India has gone up to 21.
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- Bharti AXA to infuse Rs.200 crore additional capital in 2012 - Mar 05, 2012
- HDFC Standard Life Insurance fined Rs.1.47 crore - Jun 28, 2012
- IRDA plans guidelines to regulate micro-insurance - Jul 06, 2012
- Non-life insurers post 19 percent growth in April - May 31, 2011
Tags: exide industries, general insurance co, ing vysya life, ing vysya life insurance, insurance co ltd, insurance regulatory and development authority, insurance segment, life insurance co, life insurance sector, qbe insurance group