Religare gets R2 licence for health insurance biz

Written by Press Trust of India | Mumbai | Updated: Apr 20 2012, 06:59am hrs
Healthcare and financial services major Religare Enterprises said on Thursday its health insurance company has received R2 licence from the Insurance Regulatory Development Authority.

We are pleased to move a step closer to launching our operations, and are in a complete state of preparedness for the same," Religare Health Insurance managing director and chief executive officer Anuj Gulati said in a statement. Religare Health Insurance is a joint venture between Religare Enterprises, Union Bank of India and Corporation Bank.

Religare is present in the life insurance segment and has a partnership with Dutch insurer Aegon.

The Delhi-based firm will be the fourth standalone health insurance firm.