The incorporation of Mahindra Manulife Insurance marks an early step in the companies push to address India’s protection gap with a digital-first model.
Prudential’s planned acquisition of a 75% stake in Bharti Life Insurance will trigger regulatory requirements on its shareholding in ICICI Prudential Life Insurance.
India’s insurance regulator has approved two new entrants in the market while beginning work on new regulations following recent amendments to the country’s insurance laws.