Go Digit Life Insurance Limited, a company backed by Canada-based Fairfax Group and already operating in the general insurance sector, has received regulatory approval from the Insurance Regulatory and Development Authority of India (IRDAI) to commence its life insurance business in India.
The recent approval brings the total number of insurers in the Indian life insurance segment to 26. Additionally, Go Digit General Insurance is planning to launch an initial public offering (IPO) and has already submitted the necessary documents to the Securities and Exchange Board of India (SEBI).