Aditya Birla Health Insurance has become the sixth company in India to be registered in the segment, regulator Irda said on Monday.
The newest health insurance is promoted as joint venture of Aditya Birla Financial Services Limited (ABFSL) of India and MMI Strategic Investments (Pty) Limited (MMI) of South Africa.
The company has been registered as a health insurer for conducting health insurance business, Insurance Regulatory and Development Authority of India (Irda) said, adding that the Certificate of Registration was issued on July 11.
With this registration, the total number of Health Insurers registered with the Authority has gone up to six.
This is the first health insurance company to be issued Certificate of Registration, after the amendment of the Insurance Act, 1938 which recognised the segment as a separate class of business.
The other health insurers, include Religare Health Insurance and Star Health and Allied Insurance.