Policybazaar Insurance Brokers, PB Fintech's subsidiary, Receives IRDAI Approval for Composite Insurance Broker License
PB Fintech’s subsidiary, Policybazaar Insurance Brokers, has secured approval from the Insurance Regulatory and Development Authority of India (IRDAI) to transition from a direct insurance broker to a composite insurance broker. This upgrade enables Policybazaar to sell reinsurance products in addition to general and life insurance offerings, thereby enhancing insurance penetration in India.
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