India awards insurance permit

Wed, 06 Dec 2000 | Source: AFP

NEW DELHI (AFX-ASIA): Tokio Marine and Fire Insurance Co's joint venture with Indian Farmers Fertilizer Cooperative Ltd has been given a license for non-life insurance business, said Insurance Regulatory and Development Authority member H Ansari.

Ansari told AFX-Asia that Tokio Marine-IFFCO was given the license yesterday.

IFFCO-Tokio Marine is the sixth private sector company to get a license since the domestic insurance sector was privatized.

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