Edelweiss Financial Services today said it has received regulator IRDAI's approval for setting up a general insurance company.
The Insurance Regulatory & Development Authority of India (IRDAI) has accepted the registration application for setting up a general insurance company in India, filed by Edelweiss General Insurance Company, a wholly-owned subsidiary, it said in a regulatory filing.
This is the second stage of regulatory clearances required for carrying on the business as a general insurance company in India.
The company has applied for general insurance licence in July 2016.
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