R2 approval is an important step in the process of acquiring the license from IRDA
Mumbai: Religare Health Insurance Company Limited (RHICL) has received the R2 license from the Insurance Regulatory Development Authority (IRDA), according to a release from the insurance company. The R2 approval is an important step in the process of acquiring the license from IRDA and to commence operations as a health insurance company.
Commenting on the development, Anuj Gulati, managing director and chief executive, Religare Health Insurance said, “We are pleased to move a step closer to launching our operations, and are in a complete state of preparedness for the same.”
RHICL is a joint venture between Religare Enterprises Ltd, state-run Union Bank of India and Corporation Bank.
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