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 former Bajaj Allianz executive joins the newly licensed insurer with more than three decades of experience spanning health insurance, operations and business transformation.
The deal forms part of Prudential's broader India strategy, alongside its health insurance venture and minority holdings in ICICI Prudential businesses.
Under the draft SHANTI rules, operators must hold an insurance policy, financial security or both, though those running Central Government-owned installations are exempt.
The former SBI General chief technical officer joins the newly licensed Indian insurer with more than 35 years across underwriting, claims, reinsurance and product development.
