See insurance FDI norms ease in 3-6 months: ICICI Pru
May 20th, 2009
V Vaidyanathan, MD and CEO of ICICI Prudential Life Insurance, said he was hopeful that the new government would clear insurance reforms within three-six months. “There is no ideological reason for insurance reforms to be postponed,” he said, adding that ICICI Pru was looking at picking up stake if the foreign direct investment (FDI) limit was relaxed. “We may also look at the initial public offering (IPO) route for capital raising.”
The growth path for the insurance industry continues, Vaidyanathan said, adding that the process of valuations of the insurance business was underway.