Shardul Amarchand Mangaldas advised on funding and registration of Go Digit Life Insurance Limited as a life insurance company
Shardul Amarchand Mangaldas & Co. advised Oben Ventures LLP (OVL) on establishing Go Digit Life Insurance Limited (Go Digit
Shardul Amarchand Mangaldas advised on funding and registration of Go Digit Life Insurance Limited as a life insurance company
Shardul Amarchand Mangaldas & Co. advised Oben Ventures LLP (OVL) on establishing Go Digit Life Insurance Limited (Go Digit Life) as a life insurance company and on structuring their investment in Go Digit Life.
Go Digit Life has been granted a certificate of registration by the Insurance Regulatory and Development Authority of India (IRDAI) at its meeting held on 2nd June, 2023, to conduct life insurance business in India. Go Digit Life’s registration takes the number of life insurance companies in India to 26.
OVL, backed by Kamesh Goyal, is a promoter of Go Digit Life, which is amongst the first few companies to have obtained registration as an insurer under the recently issued IRDAI (Registration of Indian Insurance Companies) Regulations, 2022. Go Digit Life marks the foray of Kamesh Goyal, the founder of Go Digit General Insurance Limited, in the life insurance space.
The transaction team was led by Shailaja Lall (Partner), Anu Susan Abraham (Partner), Arush Upmanyu (Principal Associate), Anupam Choudhary (Senior Associate) and Neeti Amin (Associate).
Ashish Teni (Partner) and Uday Opal (Principal Associate) advised on the application for registration under the IRDAI registration regulations.