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Religare gets health insurance licence
States would like to have their share of revenue and growth and unless there is an agreement between the two centres of power, economic reforms would go into cold storage for longer than 2014.
20 Apr 2012, 10:14 AM IST 
A worker assembles an engine inside the Royal Enfield motorcycle factory in Chennai.
Healthcare and financial services major Religare Enterprises said its health insurance company has received R2 license from the Insurance Regulatory and 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.
