Manulife and Mahindra form life insurance joint venture
pre-market1 source ↓written by the desknot a recommendation
- investing
- $400m
Manulife Financial Corporation and Mahindra & Mahindra have signed a deal to establish a life insurance joint venture in India, each investing up to $400m. The JV aims to provide long-term savings and protection solutions and is pending regulatory approval. The partnership will leverage Mahindra’s rural presence and Manulife’s urban expertise to target underserved markets.
Not investment advice. For informational purposes only.