Prudential plans to improve health access in support of 2047 goal

The company also expanded its footprint in Bengaluru. 

Prudential plc CEO Anil Wadhwani met with India’s Finance Minister Nirmala Sitharaman to emphasise the insurer’s commitment to the Indian market, calling it a “core strategic market” for the UK-based FTSE100 firm.

Prudential operates in India through joint ventures with ICICI Bank, including ICICI Prudential Life Insurance, the country’s first listed private life insurer, and ICICI Prudential Asset Management.

Earlier this year, Prudential announced plans to launch a standalone health insurance joint venture with Vama Sundari Investments, a promoter company of the HCL Group.

Wadhwani highlighted Prudential’s plan to leverage its global capabilities to improve access to health coverage in India, in line with the government’s “Insurance for All by 2047” objective.

The company has also expanded its operational footprint in the country with the launch of a Global Capability Centre in Bengaluru. 

The centre will focus on technology, AI, data analytics, cybersecurity, and innovation to support the group’s activities across Asia and Africa.

Wadhwani also met with senior officials from the Department for Promotion of Industry and Internal Trade and the Prime Minister’s Office during his visit.