Budget 2021-22: Good news for financial services sector
Disinvestment targets seem to be more realistic while a certain amount of scrutiny needs to be paid to inflation and the only way out is speedy growth for the country.
What’s helping grow India’s insurance market?
Despite the devastating impact of COVID-19, health insurance in India is projected to grow by 10% this year, thanks to an increase in consumer awareness and more widespread health coverage initiated by the Modi government for the more vulnerable segments of society.
Paytm to buy insurance firm Raheja QBE for $76mn
The deal will reportedly accelerate the launch of its own insurance business in 24-30 months.
Nippon Life eyes stake in IndusInd Bank
The move will help the Japanese Life insurance company to strengthen its distribution network. Japanese life insurer Nippon Life is in discussion with IndusInd Bank for strategic investment in the Hinduja family-backed private lender. The move will help Nippon Life strengthen its distribution network through bancassurance. The investment will also help the Pune-based private lender to shore up its balance sheet. Nippon Life would reportedly invest up to $150 million initially. Talks between Nippon and IndusInd Bank gained momentum after [...]
Insuring the uninsured in Rural India: India Inc. Interview
Jaideep Devare is the managing director of Mahindra Insurance Brokers limited (MIBL), a Mahindra Group firm with operations across 30 countries. India Inc. caught up with Dr Devare during a recent London visit to explore these various aspects.