I understand that Rajan Group in India is getting into Insurance business. Would you have some details pls?

Question

I understand that Rajan Group in India is getting into Insurance business. Would you have some details pls?

Answer 1

Hi,

You are right...Rajan Raheja Group is getting into Insurance Business. The Indian Insurance industry at $25 bn and growing leaps and bounds is the place to be for all large business houses..so it is not a breaking news...Any large business house worth his salt is now into Insurance...as it is just a 100Cr. investment to start an Insurance Company - and such a big market...

So many company and products will confuse the customer, as to which is the best Insurance product he should buy...this would give birth to Neutral Insurance websites like http://www.insurancemall.in

In fact, in the future, we will see lot of large online insurance companies launching in India with a big bang. Currently companies like Bonsai Insurance Broking Pvt. Ltd. is the only player to be present in this field.

Check links:

1. http://www.InsuranceMall.in/I-Opener

2. http://www.newsandreviews.in/index.php?b...

You can also compare and buy Insurance on this website...

http://www.insurancemall.in

Answer 2

Yes. That is true.

IRDA, the Insurance Regulator in India may soon give them license to operate General Insurance in India. They are partnering with QBE Insurance Group of Australia.

You may like to read my article on this subject at News and Reviews Blog site. Link below.

Cheers!

Manish