Vipal Durge is Features Editor at (Re)in Asia, covering the deals and corporate strategy reshaping Asia Pacific insurance. Areas of specialty include M&A and market consolidation, insurer results and underwriting performance, and regulatory decisions across Australia, Japan, India and Southeast Asia.
The Indian lender's programme reportedly carries aggregate cover of about ₹7.5bn (US$78.4m), though sources say the loss limit applying to this incident is closer to ₹3bn.
Strategic alliances with global asset managers are emerging as a preferred route for Japanese lifers seeking diversification and higher investment returns.
