Insurance sector sees record deals worth over Rs 38,000 crore in two weeks
The biggest among them is the Bajaj Group's acquisition of Allianz's stake in their two insurance joint ventures for Rs 24,180 crore
 "The insurance sector is at a critical juncture. Despite impressive growth in premium income – from Rs 1 trillion in FY05 to more than Rs 6.7 trillion in FY24 – the sector has yet to fully realise its potential in terms of broader penetration and impr")
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Additionally, Patanjali entered the insurance sector by acquiring a stake in Magma General Insurance from Adar Poonawalla. IndusInd International Holdings (IIHL) also completed its acquisition of Reliance Capital, which owns two insurers — Reliance N
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Over the past two weeks, the insurance industry has witnessed some of the largest deals in the financial sector, with a cumulative deal value exceeding Rs 38,000 crore.