Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman met with Anil Wadhwani, chief executive officer, Prudential plc on Thursday
Highlighting health as a shared strategic priority, Wadhwani conveyed the company’s commitment to leveraging its global expertise and technology to help Indian consumers access affordable and quality healthcare coverage.
New Delhi: Anil Wadhwani, chief executive officer, Prudential plc had called upon Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, emphasising India’s strategic importance to the UK FTSE100 insurer and asset manager operating across Asia and Africa.
During the meeting, Wadhwani remarked, “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.”
Highlighting health as a shared strategic priority, Wadhwani conveyed the company’s commitment to leveraging its global expertise and technology to help Indian consumers access affordable and quality healthcare coverage.
Earlier this year, UK multinational 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.
“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,” said Wadhwani.
“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. We are deeply proud of our heritage in India, which began with our first branch in Kolkata in 1923,” he added.
During the visit, Wadhwani also met with senior officials from the Department for Promotion of Industry and Internal Trade (DPIIT) and the Prime Minister’s Office.
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.