Financial Daily from THE HINDU group of publications
Tuesday, Apr 12, 2005
Financial Daily from THE HINDU group of publications Tuesday, Apr 12, 2005 |
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Money & Banking
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Life Insurance Aegon in talks with potential Indian partners Our Bureau
Amsterdam , April 11 DUTCH insurer Aegon NV is in talks on a possible insurance partnership in India, the Country Manager, Mr Vimal Bhandari, told the Dutch newspaper Het Financieele Dagblad in an interview published on Monday. Mr Bhandari said that India's increasingly wealthy middle class of 250-300 million people and the relatively high annual economic growth of 6-7 per cent made the country a very attractive market to expand in. "Within five years, we hope to be active in 70 to 200 cities in India," Mr Bhandari added. He said Aegon had started initial talks with potential partners in India and would look to offer life insurance, savings, investment and pension products.
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