Question
Recently, which private sector company is yet to
commence its general insurance business which is currently subject to receipt of the certificate of registration from IRDAI?Solution
Paytm General Insurance will become a subsidiary of Paytm. Incorporated in 2018, PGIL plans to register for and undertake general insurance business defined under Section 2(6B) of the Insurance Act, 1938 (“Insurance Act”). Notably, PGIL is yet to commence its general insurance business which is currently subject to receipt of the certificate of registration from IRDAI.
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