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Shriram Life Insurance gets R1 licence

CHENNAI: The Shriram group on Tuesday announced that Shriram Life Insurance Co. Ltd. has obtained the R1 licence from the Insurance Regulatory and Development Authority (IRDA). The group recently entered into a joint venture agreement with Sanlam of South Africa to make its foray into the Indian life insurance sector. Shriram Life Insurance is set to commence operations by September 1, says a release.

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