Naveen Tahilyani, Regional CEO, Indonesia, Malaysia, the Philippines, India, Africa; Group Agency and Health, Prudential plc, said: “India is a strategically important market for Prudential, with strong macroeconomic fundamentals, rising demand for healthcare, and significant headroom for innovation in customer experience. By combining Prudential’s insurance and health capabilities with HCL Group’s technology and healthcare expertise, we aim to make more accessible and help more Indian families navigate their healthcare journey with confidence.”
Mumbai:Prudential HCL Health Insurance (Prudential Health India), a stand alone health insurance (SAHI)company backed by Prudential plc and the HCL Group, today comenced its business operations in India.
The joint venture, backed by a 70:30 partnership between Prudential plc (UK), and the HCL Group, received its license, from the regulator IRDAI on July 01, 2026, enabling it to initiate its health insurance business in India.
The company, the eighth SAHI, enters India’s growing health insurance market, amounting to almost $16 billion in gross written premiums in FY 2026.
As part of its launch strategy, Prudential Health India offers customers access to a network of more than 12,000 hospitals. Its omnichannel model brings together personal advice through its agency network and the convenience of an AI-enabled direct-to-consumer (D2C) platform. Together with digitally enabled services, this makes it easier for customers to choose the right cover, manage their policy and get help when they need it most, said the insurer in a statement.
Naveen Tahilyani, regional CEO, Indonesia, Malaysia, the Philippines, India, Africa; Group Agency and Health, Prudential plc, said: “India is a strategically important market for Prudential, with strong macroeconomic fundamentals, rising demand for healthcare, and significant headroom for innovation in customer experience. With Prudential Health India, we are building a differentiated health insurance business focused on providing a simpler, more accessible and seamless customer experience.
“By combining Prudential’s insurance and health capabilities with HCL Group’s technology and healthcare expertise, we aim to make more accessible and help more Indian families navigate their healthcare journey with confidence,” he added.
Amit Dave, MD & CEO designate, Prudential Health India, said: “We are committed to building insurance solutions that safeguard people against unforeseen health risks and ensure they are never alone in critical health moments. Our focus is to go beyond the traditional role of an insurer and be there for our customers at every stage of their health journey. By combining intelligent, proactive support with the right solutions before, during and after a health issue, we aim to make healthcare more accessible, seamless
and reassuring. In doing so, we remain committed to supporting the Indian government’s vision of ‘Insurance for All by 2047’.”
Shikhar Malhotra, executive director, Vama Sundari Investments (Delhi) Private Ltd, said: “HCL’s entry into the health insurance sector is a natural extension of our capabilities in healthcare technology, digital transformation and innovation. As healthcare becomes increasingly consumer-led and technology- enabled, we see a significant opportunity to bring these strengths to an area that is fundamental to the health and financial security of millions of Indians.”
This partnership brings together highly complementary strengths: Prudential’s expertise in protection and insurance, and HCL’s capabilities in technology, digital transformation and healthcare. This venture reflects our shared ambition to help shape the next generation of health insurance by building a more customer-centric, technology-enabled and inclusive ecosystem, and make protection simpler, more personalised, accessible and responsive to evolving healthcare needs.