M Pallonji Group, True North’s Sehgal seek IRDAI nod for general insurance venture

M Pallonji Group and Divya Sehgal of True North have sought regulatory consent to establish a general insurance venture. If sanctioned, M Pallonji will hold 51% stake and launch with an initial ₹200 crore investment. This move marks a significant corporate-backed entry in India’s insurance sector.

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