The insurer expects its expanded bancassurance partnership with Central Bank of India to become a major growth driver, with annual business from the channel projected to reach ₹5bn (US$52.25m) within three...
The regulator also wants insurers and other financial institutions to demonstrate how geopolitical risks are embedded in strategy, risk appetite and board oversight.
Executives dismissed concerns over Beijing's tax treatment of offshore policies, pointing to wealth diversification rather than tax as the draw for mainland Chinese buyers.
