M&M enters life insurance market with Manulife joint venture
pre-market1 source ↓written by the desknot a recommendation
- with Manulife
- 50:50 joint venture
- each
- ₹3,600 cr
- is planned
- ₹1,250 cr
- post regulatory approval
- 15-18 months
Mahindra & Mahindra (M&M) is set to enter the life insurance sector through a 50:50 joint venture with Manulife, committing ₹3,600 cr each. An initial investment of ₹1,250 cr is planned over five years. Operations are expected to commence within 15-18 months post regulatory approval, enhancing M&M's financial services portfolio.
Not investment advice. For informational purposes only.