Try GOLD - Free
UK's Prudential to float venture with HCL group for health insurance
Indian Chronicle
|May 25, 2025
Prudential plc, Prudential plc joint venture with Vama Sundari Investments, Vama Sundari Investments (Delhi) Private Ltd, HCL Group, Indian express business, business news, current affairsApart from 27 non-life insurance companies, seven standalone health insurance firms are already operating in India.
-
UK-based insurance giant Prudential plc has announced its plan to establish a joint venture with Vama Sundari Investments (Delhi) Private Ltd, an HCL Group's promoter company founded by Shiv Nadar, to operate a standalone health insurance business in India. Subject to obtaining regulatory approvals, Prudential Group Holdings, a UK subsidiary of Prudential plc, will hold a 70% stake in the joint venture, while Vama will hold the remaining 30% stake. Prudential plc is a member of the UK FTSE100 Index. Prudential's announcement comes three days after the exit of German insurance giant Allianz from joint ventures with the Bajaj group. In India, Prudential's business primarily consists of a 21.97 per cent holding in the Indian Stock Exchange listed l
This story is from the May 25, 2025 edition of Indian Chronicle.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Indian Chronicle
Indian Chronicle
Messi's Kolkata event messed up; organiser held, Didi apologises
What was meant to be a celebratory event around football icon Lionel Messi descended into chaos at the Salt Lake Stadium here on Saturday after spectators resorted to vandalism on failing to catch a glimpse of their hero, alleging gross mismanagement by the organisers and obstruction of views by VIPs.
2 mins
December 14, 2025
Indian Chronicle
Sumadhura Group inks Rs 600-crore pact with Telangana Govt to develop 100-acre industrial & warehousing park
Sumadhura Group, one of South India's leading real estate developers, has signed a Memorandum of Understanding (MoU) with the Government of Telangana at the Telangana Rising Global Summit 2025, held at Bharat Future City.
1 min
December 14, 2025
Indian Chronicle
Akhilesh Yadav and KTR call for end to divisive politics
Reaffirming the strong ties between the Samajwadi Party and the Bharat Rashtra Samiti (BRS), Akhilesh Yadav, former Chief Minister of Uttar Pradesh, expressed confidence that the national political landscape would improve soon.
1 mins
December 13, 2025
Indian Chronicle
DGCA suspends 4 inspectors; IndiGo hires expert for probe
Aviation regulator DGCA on Friday suspended four of its senior flight operations inspectors (FOls) and summoned IndiGo’s CEO for fresh questioning amid the airline's deepening operational chaos.
2 mins
December 13, 2025
Indian Chronicle
Cabinet clears digital Census, opens up N-sector to pvt firms
The Union Cabinet on Friday cleared a proposal to conduct the much-delayed Census at a cost of Rs 11,718 crore, Information and Broadcasting Minister Ashwini Vaishnaw said.
2 mins
December 13, 2025
Indian Chronicle
45K acres of defence land identified as surplus: Ministry
In a move that can unlock high-value urban and semi-urban lands across the country, the Ministry of Defence has said that 45,906 acres of defence lands have been identified as 'surplus'.
1 min
December 13, 2025
Indian Chronicle
PM, Trump discuss trade ties, days after Putin visit
In their first contact in two months, Prime Minister Narendra Modi and US President Donald Trump spoke over phone on Thursday, discussing expansion of cooperation in trade, critical technologies, energy, defence and security.
1 mins
December 12, 2025
Indian Chronicle
Kharge, Priyanka Congratulate CM Reddy on Telangana Vision 2047
AICC President Mallikarjun Kharge and Congress General Secretary Priyanka Gandhi congratulated Chief Minister Shri A. Revanth Reddy on the unveiling of the Telangana Rising 2047 Vision Document.
1 min
December 12, 2025
Indian Chronicle
Telangana Panchayat Elections: First phase concludes, results awaited
The initial phase of the Panchayat elections in Telangana has successfully concluded.
1 min
December 12, 2025
Indian Chronicle
Cong move to split Vande Mataram led to Partition, claims Shah
Union Home Minister Amit Shah on Tuesday said Partition of India would not have happened had the national song, Vande Mataram, not truncated by then Congress president Jawaharlal Nehru.
2 mins
December 10, 2025
Listen
Translate
Change font size