Question
How many Life Insurance Companies are in India as of
March 2023?Solution
In the 121st meeting of Insurance Regulatory and Development Authority of India added two new entities namely Acko Life Insurance Ltd. and Credit Access Life Insurance Ltd. were granted certificate of registration to commence life insurance business,â the regulator said in a release. With these two additions, the total number of life insurers operating in India have gone up to 25, which had remained stagnant since 2011, when the certificate of registration was last granted to a life insurer.
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