With the Rajya Sabha clearing the Insurance Amendment Bill, several foreign investors waiting in the wings are finally ready to take the plunge. Max group is in talks with multiple partners for its life insurance business, while Axa has committed to hiking its stake to 49 percent in its joint ventures with Bharti.
With the Rajya Sabha clearing the Insurance Amendment Bill, several foreign investors waiting in the wings are finally ready to take the plunge. Max group is in talks with multiple partners for its life insurance business, while Axa has committed to hiking its stake to 49 percent in its joint ventures with Bharti. Brokerages have given the listed entities in this space a thumbs up but it will be a while before this sector gets back on its feet, reports CNBC-TV18's Ekta Batra.
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Life insurance may be theme of the year: Societe Generale
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