Monday, November 29, 1999

L&T to begin general insurance biz soon

News posted by www.newsinfoline.com

New Delhi, July 19 (PTI) L&T General Insurance Company, promoted by the engineering giant Larsen & Toubro, today said it will soon commence general insurance business. The company has received necessary licence from the Insurance Regulatory and Development Authority for launching operations, L&T said in a statement. "Given the size and the opportunity, L&T considers financial services as an important business in its portfolio. Entry into the general insurance business is part of our overall vision to build a wholesome financial services business," L&T whole-time director and chief financial officer Y M Deosthalee said. The company would provide a complete range of retail and institutional solutions catering to individuals, small and medium enterprises and corporates across urban and rural markets. L&T will be the 24th player in the general insurance business.

News posted by www.newsinfoline.com

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