Samsung Life Insurance eyes Pramerica stake in DLF JV

South Korea’s largest insurance company,Samsung Life Insurance is in talks with DLF -Pramerica to buy Pramerica’s 26% stake in the insurance joint venture to enter India. Even after the exit of ING from Indian insurance sector by selling off its 26% stake in joint venture ING Vysya Life Insurance, several foreign players are eying to enter India.

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Max Life Insurance eyeing to sell 5 percent in life insurance Joint Venture with Mitsui

Insurance and healthcare major Max India may divest around 5% in its life insurance joint venture with Mitsui Sumitomo Insurance –  Max Life Insurance – to long-term foreign financial investors if parliament approves the proposed hike in insurance FDI cap to 49%.

Unlike many other insurance joint ventures in India where foreign partners have the right to increase their stakes at a pre-determined  price, Max India has not made any such commitment to its new partner Mitsui Sumitomo Insurance of Japan. Mitsui became a partner  in Max Life Insurance in April this year, buying out the stake of US-based New York Life Insurance.

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