Reliance Capital's unit Reliance Life Insurance already has Japan's Nippon Life as a foreign partner with 26 per cent stake.
Following passage of Insurance Bill in the Parliament, Reliance Capital today said it would soon begin talks with foreign partners for its insurance ventures, according to a media report.
Reliance Capital's unit Reliance Life Insurance already has Japan's Nippon Life as a foreign partner with 26 per cent stake.
The Rajya Sabha on Thursday passed the Insurance Laws (Amendment) Bill, 2015. Earlier on Wednesday March 4, the Lok Sabha had passed the Insurance Bill to increase foreign investment limit in local insurers to 49 percent from 26 percent.
Reliance Capital also expects to close deals for bringing in new partners for its general and health insurance businesses soon, the report further said.
The company said that the Insurance Bill, which was passed yesterday in the Parliament, will help the cash-strap industry attract more investment and expand the insurance penetration across the country
Reliance Capital's unit Reliance Life Insurance already has Japan's Nippon Life as a foreign partner with 26 per cent stake.
The Rajya Sabha on Thursday passed the Insurance Laws (Amendment) Bill, 2015. Earlier on Wednesday March 4, the Lok Sabha had passed the Insurance Bill to increase foreign investment limit in local insurers to 49 percent from 26 percent.
Reliance Capital also expects to close deals for bringing in new partners for its general and health insurance businesses soon, the report further said.
The company said that the Insurance Bill, which was passed yesterday in the Parliament, will help the cash-strap industry attract more investment and expand the insurance penetration across the country
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