IRDAI — New Standalone Health Insurer

Prudential HCL Health Insurance Ltd. received the final R3 Certificate of Registration from IRDAI and became India's 8th standalone health insurer, according to the source.

Insurance licensing

R1 → R2 → R3

• R1: Promoter/business-plan assessment
• R2: Operational readiness
• R3: Final Certificate of Registration

Capital requirement

Minimum paid-up equity capital:
₹100 crore

Ownership

• Prudential Group: 70%
• HCL Group: 30%

GS-III: Insurance regulation + financial sector reforms.