A number of insurers will announce this week that they are planning to pour money into Indian investments.
The announcement will coincide with Indian Prime Minister Narendra Modi’s visit to the UK.
Aviva, Bupa, Lloyd’s of London, Standard Life and Willis will confirm collect plans to put money into Indian joint ventures and partnerships, Sky News reported.
Standard Life has already announced it is seeking to up its stake in India-based HDFC Life to 35 per cent from 26 per cent. However, this transaction still requires approval from a number of regulatory bodies…Read more at City A.M.