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this is interesting - it sounds like Fairfax are looking to create two new insurance company start ups in India raising their own capital.

 

You have applied to the IRDAI for life insurance and reinsurance licences. What is the plan for those verticals?

Right now the focus is to get through the licensing process. Life insurance and reinsurance will function as separate companies. Once we are successful in securing the licences, we will have talks on further plans.

Both the new companies will have to raise funds separately, they will have their own management teams.

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