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Aditya Birla Health Insurance Co Ltd, promoted under a joint venture agreement between Aditya Birla Financial Services Ltd (ABFSL) and MMI Strategic Investments (Pty) Ltd (MMI), South Africa, has been approved by the Insurance Regulatory and Development Authority of India (IRDAI).
With its registration, the number of health insurers registered with the Authority has gone up to six.
This is the first health insurance company to be issued a Certificate of Registration, after the amendment of the Insurance Act, 1938, which recognises health insurance as a separate class of business, IRDAI said in a release.
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