The growth in India's insurance sector is linked to reforms in foreign direct investment policy, according to Finance Minister Nirmala Sitharaman.
Sitharaman mentioned the need to focus on reinsurance, third party insurance, and health insurance for further growth in the sector.
During her meeting with Prudential chair, Sitharaman highlighted opportunities in India's International Financial Services Centre and encouraged deeper engagement.
Vadera informed Sitharaman about Prudential's upcoming venture in the health insurance space in India and discussed investment and fund management opportunities.