The Insurance Regulatory and Development Authority of India (IRDAI) has granted certificates of registration to Acko Life Insurance and Credit Access Life Insurance. With the entry of these two firms into the space, the number of life insurance companies in the sector goes up to 25, after remaining stagnant since 2011. CreditAccess Grameen Limited is the largest microfinance institution of India, which has the largest microfinance market share in the world.
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