#Insurance Related: What PM’s UK trip brought to India?
I was wondering if there is any profitable business done for Insurance sector then I came across a single and same line from different news articles… Standard Life, Bupa and Aviva have applied for regulatory approval to invest a combined £238m in India, and with the passage of Modi’s Insurance Bill, Lloyd’s of London plans to establish its presence there.
And.. moreover…. I’m still wondering.. weren’t those three were already curious to enter and grasp more of the Indian market already? Correct me if I’m wrong but I think like. Also Lloyd’s coming in India because Modiji went there and the FDI was increased in just the near time but they were already looking for the entrance in India. Here’s the article from Times Of India dated March 27, 2015 Lloyd’s in talks to set up reinsurance biz in India . So basically the figure is the only thing which is new right now and which haven’t been split up between companies. We couldn’t find more of info about the amount or so but we hope to see something big coming to Insurance sector from these “British” Insurance Companies! (as said in an article to relate it to PM’s trip :p)
And yeah thanks the Insurance Bill is passed very well as it isn’t inside the political role anyhow in India 😀