Policybazaar Insurance Brokers (Policybazaar), PB Fintech’s wholly-owned subsidiary, has received the nod from the IRDAI ) to upgrade its license from a direct insurance broker to a composite insurance broker. A composite insurance broker can also intermediate reinsurance deals besides general and life insurance products. “This will allow us to deepen the insurance penetration in the country by bringing more technology, process control and data analytics based innovation into re-insurance capacity,” said the company.
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