Prudential plc has announced a joint venture with Vama Sundari Investments to establish a health insurance business in India, aiming to enhance healthcare access and contribute to the government's insurance vision for 2047.
Target Information
Prudential plc, a leading UK-based insurance provider, has announced plans to form a joint venture with Vama Sundari Investments (Delhi) Private Limited, part of the HCL Group, to launch a standalone health insurance business in India. This collaborative endeavor is part of Prudential's strategy to cater to the increasing health and wellness demands of the Indian populace and supports the government's aspiration for "Insurance for All by 2047." Prudential Group Holdings Limited, a subsidiary of Prudential plc, will possess a 70% equity stake, while Vama will retain the remaining 30%.
The joint venture's leadership will be under Amar Joshi, serving as CEO designate, pending regulatory review. The partnership capitalizes on the strengths of both companies to enhance the accessibility of health insurance solutions across the nation.
Access Full Deal Insights
You’re viewing a public preview of this deal. To unlock full access to ca. 50,000 other deals in our database and join ca. 400 M&A professionals who are using it daily, sign up for Dealert.
Industry Overview in India
The Indian insurance industry is witnessing substantial growth fueled by economic expansion, a rising middle class, and increasing consumer awareness regarding health insurance. According to i
Similar Deals
Prudential plc
invested in
Vama Sundari Investments (Delhi) Private Limited
in 2025
in a Joint Venture deal
Disclosed details
Revenue: $13,800M