Religare Enterprises (REL) has signed Share Purchase agreement for the proposed acquisition of MyInsuranceClub (MIC) an insurance web aggregator, from iGear Holdings, part of The Indian Express Group. The proposed acquisition, which is subject to regulatory approvals, is in line with Group’s strategy to further the growth of the insurance business and emerge as a stronger insurance player.
MIC is the first IRDAI approved web insurance distribution and comparison platform. It helps customers by offering a comparison of best insurance products available across India.
Religare Enterprises is one of India’s leading diversified financial services groups. It offers an integrated suite of financial services including asset management, life and health insurance, lending, broking, investment banking, and wealth management.
