Paytm withdraws general insurance licence application; to focus on distribution-only model

1 month ago 69
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Paytm will increase focus on insurance distribution. It had earmarked Rs 950 crore to invest in the entity applying for the general insurance licence, and now expects to conserve that cash. The Noida-headquartered company will focus on distributing small ticket sized insurance products such as life, health, motor, shop and gadgets.

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Paytm withdraws general insurance licence application; to focus on distribution-only model