IRDAI Grants Registration to Allianz Jio Reinsurance and Kiwi General Insurance
AQuick answer
IRDAI registered Allianz Jio Reinsurance and Kiwi General Insurance; follows SBSR Act allowing 100% FDI.
Key facts
IRDAI granted Certificates of Registration to Allianz Jio Reinsurance Limited and Kiwi General Insurance Limited at its 134th Meeting on March 9, 2026.
Allianz Jio Reinsurance is a 50:50 joint venture between Jio Financial Services Limited (JFSL) and Germany's Allianz Europe B.V.
Kiwi General Insurance was co-founded by Neelesh Garg, former MD and CEO of Tata AIG General Insurance.
The approvals follow the enactment of the Sabka Bima Sabki Raksha (SBSR) Act, 2025 which allows 100% FDI in India's insurance sector, effective from February 5, 2026.
The SBSR Act aims to achieve 'Insurance for all by 2047'.
The Insurance Regulatory and Development Authority of India (IRDAI) granted Certificates of Registration to Allianz Jio Reinsurance Limited and Kiwi General Insurance Limited at its 134th Meeting on March 9, 2026. Allianz Jio Reinsurance is a 50:50 joint venture between Jio Financial Services Limited (JFSL) and Germany's Allianz Europe B.V.
Kiwi General Insurance was co-founded by Neelesh Garg, former MD and CEO of Tata AIG General Insurance. The approvals follow the enactment of the Sabka Bima Sabki Raksha (SBSR) Act, 2025 which allows 100% FDI in India's insurance sector, effective from February 5, 2026, aimed at achieving 'Insurance for all by 2047'.
0
Mains angle
Q: Discuss the regulatory and structural significance of IRDAI granting registration to Allianz Jio Reinsurance and Kiwi General Insurance under the Sabka Bima Sabki Raksha Act, 2025.
Answer (50 words):
At its 134th Meeting on March 9, 2026, IRDAI granted Certificates of Registration to Allianz Jio Reinsurance — a 50:50 JV between Jio Financial Services and Germany's Allianz Europe — and Kiwi General Insurance, co-founded by Neelesh Garg. Approvals follow the Sabka Bima Sabki Raksha Act, 2025 enabling 100% FDI.
Tap an option below. Correct or incorrect feedback appears instantly.
Linked questionMedium
Which act allows 100% FDI in India's insurance sector, under which IRDAI granted registration to Allianz Jio Reinsurance Limited?
Explanation · Correct answer B
The Sabka Bima Sabki Raksha (SBSR) Act, 2025 allows 100% FDI in India's insurance sector. Under this act, IRDAI granted registration to Allianz Jio Reinsurance Limited (a 50:50 JV between JFSL and Germany's Allianz Europe B.V.) and Kiwi General Insurance Limited.
What is Allianz Jio Reinsurance Limited and which companies formed this joint venture registered by IRDAI in 2026?
**Allianz Jio Reinsurance Limited** is a **50:50 joint venture** between **Jio Financial Services Limited (JFSL)** and **Germany's Allianz Europe B.V.** The **Insurance Regulatory and Development Authority of India (IRDAI)** granted it a Certificate of Registration at its **134th Meeting on March 9, 2026**, along with **Kiwi General Insurance Limited**.
What is the Sabka Bima Sabki Raksha (SBSR) Act 2025 and how did it enable IRDAI to grant new insurance licences in 2026?
The **Sabka Bima Sabki Raksha (SBSR) Act, 2025** allows **100% Foreign Direct Investment (FDI)** in India's insurance sector, effective from **February 5, 2026**. It aims to achieve **Insurance for all by 2047**. This Act enabled IRDAI to grant Certificates of Registration to **Allianz Jio Reinsurance** and **Kiwi General Insurance** at its **134th Meeting on March 9, 2026**.
Who co-founded Kiwi General Insurance Limited that received IRDAI registration in March 2026?
**Kiwi General Insurance Limited** was co-founded by **Neelesh Garg**, former **MD and CEO of Tata AIG General Insurance**. IRDAI granted its Certificate of Registration at the **134th IRDAI Meeting on March 9, 2026**, following the enactment of the **Sabka Bima Sabki Raksha (SBSR) Act, 2025** which allows 100% FDI in insurance.
How much FDI is now allowed in India's insurance sector after the SBSR Act 2025 and when did it take effect?
The **Sabka Bima Sabki Raksha (SBSR) Act, 2025** allows **100% Foreign Direct Investment (FDI)** in India's insurance sector, effective from **February 5, 2026**. This opened the market to foreign insurers. Following this, IRDAI granted registrations to **Allianz Jio Reinsurance** (JFSL-Allianz joint venture) and **Kiwi General Insurance** at its **134th Meeting on March 9, 2026**.
What was the agenda at the 134th IRDAI Meeting held on March 9, 2026?
At its **134th Meeting on March 9, 2026**, **IRDAI** granted **Certificates of Registration** to two new insurers: **Allianz Jio Reinsurance Limited** (a 50:50 JV between JFSL and Allianz Europe B.V.) and **Kiwi General Insurance Limited** (co-founded by Neelesh Garg). Both approvals follow the **SBSR Act, 2025** enabling **100% FDI** in insurance from **February 5, 2026**.
Was this useful?
Share corrections or missing exam angles with the editorial team.
