UK-based Prudential Plc has announced a partnership with Vama Sundari Investments (Delhi), a promoter company of HCL Group, to establish a standalone health insurance company in India. The venture will see Prudential Group Holdings, a UK subsidiary of Prudential Plc, hold a 70% stake, with Vama Sundari Investments owning the remaining 30%.
This marks Prudential’s second venture into the Indian insurance market. The move follows the Indian government’s recent decision to permit 100% foreign direct investment (FDI) in the sector.
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