/Tag: Insurance

What’s helping grow India’s insurance market?

2020-08-20T06:26:28+00:00July 31st, 2020|Analysis - India Global Business, India Inc Views - India Global Business|

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.

Nippon Life eyes stake in IndusInd Bank

2020-12-11T03:13:15+00:00May 13th, 2020|India Inc Views - India Global Business, News in Brief|

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 [...]