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.
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