StartupsINVESTApproved
Protec General Insurance receives ~₹320 crore capital infusion after Irdai R2 approval
Location not reported14 Oct 2026
Promoters and investors including the M. Pallonji Group and Divya Sehgal infused around ₹320 crore into Protec General Insurance, with participation from existing investor Federal Bank, according to people cited by Mint. The infusion follows Protec receiving the Insurance Regulatory and Development Authority of India (Irdai) R2 (in-principle) approval in July 2026; the company said it plans to open about eight to nine offices initially.
Why it matters
Committed capital after in-principle regulatory approval helps a new general insurer move toward licensing and building operational presence (offices) needed to start serving customers once fully registered.
Protec General InsuranceM. Pallonji GroupFederal Bank