completion of the merger of HDFC Ergo Health Insurance with itself after the receipt of final approval from the Insurance Regulatory and Development Authority of India (Irdai) last week.The merger makes HDFC Ergo the second-largest private insurer in the accident and health insurance business.
In FY2019-20, the merged entity had an overall market share of 6.2% and about 8% market share in the accident and health insurance segment.Speaking on the amalgamation process, Deepak Parekh, chairman, HDFC Ergo General Insurance Company said, “It makes HDFC Ergo the one-stop-shop for all our general and health insurance offerings.