0409 GMT - AIA Group and Prudential are likely to benefit from India's decision to allow 100% foreign ownership in its insurance sector, say DBS Group Research analysts in commentary. The cap on foreign ownership was previously set at 74%, they note. The removal of the ownership ceiling could attract more foreign insurers to enter the country, boosting growth in India's insurance industry, they say. AIA and Prudential, as regional insurers, already have a presence in the Indian market, the analysts add. The new-business value for AIA's joint venture with India's Tata Sons rose 38% year over year in 1H, they say. Meanwhile, Prudential plans to set up a health-insurance JV with India's HCL Group, suggesting a strong secular market outlook, the analysts say. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
December 17, 2025 23:09 ET (04:09 GMT)
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