Kotak Mahindra Life Insurance Company Ltd. (“Kotak Life”) has entered into a strategic corporate agency partnership with Mahindra & Mahindra Financial Services Limited (“Mahindra Finance”), one of India’s leading non-banking finance companies. This collaboration is set to benefit over 10 million customers of Mahindra Finance by providing them with a range of tailored life insurance […]
RattanIndia Enterprises Ltd. (REL) said that the Insurance Regulatory and Development Authority of India (IRDAI) has granted insurance direct broker licence to its fully-owned subsidiary — Neotec Insurance Brokers Ltd. to carry out life and general insurance business. The IRDAI licence will enable RattanIndia Enterprises to begin sales of life and general insurance products via […]
Indian life insurance company HDFC Life said that it has wrapped up the previously announced merger with its fully-owned subsidiary Exide Life following the receipt of the final approval from Insurance Regulatory and Development Authority of India (IRDAI). HDFC Life closed the acquisition of Exide Life in January 2022. The deal was announced in September […]
US-based insurance broker and risk advisor Marsh said that it has raised its stake in Marsh India Insurance Brokers from 49% to 92%. Marsh India Insurance Brokers was established in 2003 as a joint venture between Marsh International and India-based Rampart Trust. It is claimed to be among the first foreign insurance brokers to be […]