India Infoline Group has informed that it has received the in-principle approval for its insurance broking business from the Insurance Regulatory and Development Authority (IRDA)

Following this, the group is set to start the insurance broking business through its subsidiary, India Infoline Insurance Brokers Limited.

The group is already working as a corporate agent through its subsidiary India Infoline Insurance Services for the private sector life insurer ICICI Prudential Life Insurance Company.

The license will enable India Infoline to offer customers a broad range of products from multiple Life as well as non-Life Insurance companies.

Apart from this, India Infoline also plans to foray into wealth management through its subsidiary IIFL Wealth Management to provide focused services to resident and non-resident Indians.