Dai-ichi, Japan’s largest life insurer, is planning to grow its investment in India.
The company, which is present in India through a JV with Bank of India and Union Bank of India, also said that it was keen to increase its shareholding in the JV.
“I think right now it is the period of adjusting the life insurance industry in the country,” Dai-ichi Life Insurance Company’s global president Koichiro Watanabe has been quoted as saying.
Dai-ichi wants to be among the top five life insurers in the world by 2020.
The company is currently in the last stage of discussion for further investment plan in India.
“The life insurance sector in India is full of growth potential. It is due to the strong structure, demographic condition and socio-economic condition prevailing in the country.
So, I am of the firm belief that the industry here will grow like anything in future,” Watanbe said.