L&T likely to start general insurance biz in six months

Larsen & Toubro Ltd is likely to start general insurance business operations in six months without roping in a partner, Chief Financial Officer YM Deosthalee has said. “We are in the process of finalising the business plan. The funding will depend upon that,” Deosthalee said.

The company expects its financial services business’ assets to grow 25-30 per cent annually.