Religare in talks with foreign players for general insurance JV

Religare in talks with foreign players for general insurance
Religare Enterprises Ltd. which is an Indian group dealing in financial services announced today that it has entered into a discussion with the foreign insurers to build a joint venture for the purpose of providing Indian customers with general insurance services.

Chief Executive Officerof the company,SachindraNath,stated during an interview that, "We are in discussion with a few players."

However, information regarding the time which is anticipated to be taken for the introduction of the general insurance services was not provided by him. Presently, the company is in a partnership with AEGON, a UK based company for providing life insurance services.

Apart from this it is also waiting to get a nod from the regulators towards its proposal of launching its own health insurance in the country. Religare Enterprises Ltd. is an India based financial services company with operations around the globe.

Commonly referred to as Religare, the company offers a range of financial services through its group companies. The services offered include broking, insurance, asset management, lending solutions, investment banking and wealth management.

Serving over a million clients, Religare has around 15 billion dollars of assets under management.

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