Centre
Left:
Smt.
Nirmala
Sitharaman,
Union
Minister
for
Finance
and
Corporate
Affairs,
Government
of
India;
Centre
Right:
Anil
Wadhwani,
Chief
Executive
Officer,
Prudential
plc
Prudential
provides
life
insurance
solutions
in
India
through
ICICI
Prudential
Life
Insurance
Company
Limited,
a
preeminent
life
insurer
and
the
first
private
insurance
company
listed
in
India.
It
also
has
a
market-leading
asset
management
presence
via
a
separate
joint
venture
with
ICICI
Bank,
ICICI
Prudential
Asset
Management
Co.
Ltd.
Earlier
this
year,
Prudential
announced
plans
to
establish
a
standalone
health
insurance
joint
venture
with
Vama
Sundari
Investments
(Delhi)
Private
Limited,
a
promoter
company
of
the
HCL
Group.
During the meeting, Mr. Anil Wadhwani remarked: “We are deeply proud of our heritage in India, which began with our first branch in Kolkata in 1923. India is a core strategic market for Prudential. As the country advances towards its vision of ‘Insurance for All’ and continues to address the challenge of underinsurance, we see significant opportunities to bring our global expertise in protection, savings, and health solutions to serve the evolving needs of Indian consumers. Our long-standing connection with India, including our sponsorship of the historic 1983 Cricket World Cup, India’s first World Cup victory, reflects our commitment to its growth and aspirations.”
Highlighting health as a shared strategic priority, Mr. Wadhwani conveyed the company’s commitment to leveraging its global expertise and technology to help Indian consumers access affordable and quality healthcare coverage. This aligns with the Government of India’s vision of “Insurance for All by 2047”.
India is not only a key strategic insurance market but also an incredible source of talent. Prudential recently launched a Global Capability Centre in Bengaluru. This strategic hub serves as a global centre for technology, AI, data analytics, cybersecurity, and innovation.
Concluding the meeting, Mr. Wadhwani said: “India’s economic progress over the past decade has been remarkable. With sustained capital investment in infrastructure and proactive government economic measures to stimulate growth, we remain excited about India’s long term growth prospects. We look forward to continuing our constructive collaboration with the Indian government to support its development goals and to build enduring insurance and technology businesses.”
During the visit, Mr. Wadhwani also met with senior officials from the Department for Promotion of Industry and Internal Trade (DPIIT) and the Prime Minister’s Office.
On X: https://x.com/nsitharamanoffc/status/1935639992123965911?s=48
https://www.prudentialplc.com/
Hashtag: #Insurance #Business #Prudential
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