ICICI Pru Life in first foreign JV for pension fund in India

Unlike the life insurance industry, the newly opened up pension fund industry, which will see the entry of six players, will have only one foreign joint venture. The pension fund company to be set up by ICICI Pru Life Insurance company, which has received license along with other five leading players from the Pension Fund Regulatory and Development Authority (PFRDA), will be the first joint venture with a foreign partner in the country. Confirming the development Shikha Sharma, managing director and CEO, ICICI Pru Life Insurance, said, My company will be setting up the new pension fund company. Our partnership ...

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