Mumbai, Irdai chairman Ajay Seth on Tuesday announced that the sector watchdog has approved two proposals for owning 100 per cent stake in general insurance vehicles since the government opened up the space for 100 per cent foreign direct investment (FDI).
Speaking at an event organised by the Insurance Awareness Committee of the Life Insurance Council here, the career bureaucrat-turned-regulator said that the much-awaited BIMA Sugam platform will be launched by the end of September.
