Manulife and Mahindra form life insurance joint venture in India
pre-market1 source ↓written by the desknot a recommendation
- in India
- 50:50 joint venture
- in India
- 12 Nov 2025
- commits
- $400 million
- in the first
- $140 million
- in new business
- 12% CAGR
Manulife and Mahindra announced a 50:50 joint venture in India on 12 Nov 2025, pending regulatory approval. Each partner commits up to $400 million, with an initial investment of $140 million in the first five years. This venture targets rural and urban markets, capitalizing on a 12% CAGR in new business premiums over five years. 📈
This collaboration may enhance market presence and customer reach in India's growing insurance sector, which is projected to exceed $20 billion in new business premiums.
Not investment advice. For informational purposes only.