Financial Daily from THE HINDU group of publications
Tuesday, Feb 05, 2002
Financial Daily from THE HINDU group of publications Tuesday, Feb 05, 2002 |
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Money & Banking
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Alliances & Joint Ventures JK Insurance in pact with Birla Sun Life Our Bureau
Mr N. Javeri, Chief Executive Officer, Birla Sun Life (left), with Mr Surendra Malhotra, Director in-charge, JK Insurance Services, at a press conference in the Capital on Monday.
NEW DELHI, Feb. 4 JK Insurance Services Ltd has forayed into the insurance distribution business by tying up with Birla Sun Life Insurance Company. It is also planning to tie up with a non-life insurance company. Sources said that Tata AIG General Insurance could be a possible choice. JK Insurance is also looking at entering the insurance broking business once the regulator starts issuing licences for the same. The company has commenced operations in Delhi and Chennai and would expand its operations across the country. It will leverage on the multi-business, multi-product and multi-locational strengths of the JK group. Mr Nani Javeri, Chief Executive Officer, Birla Sun Life Insurance, said the tie-up with JK would help the company increase its reach. Birla Sun Life had earlier signed up Deutsche Bank, Citibank and Dewan Housing Finance Corporation Ltd as corporate agents.
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