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Buffett to visit India next week for insurance launch

Billionaire investor Warren Buffett will travel to India next week to launch his firm's insurance selling portal and will meet policyholders at an event in New Delhi, according to information on the company's website.

March 16, 2011 / 11:09 PM IST

Billionaire investor Warren Buffett will travel to India next week to launch his firm's insurance selling portal and will meet policyholders at an event in New Delhi, according to information on the company's website.


Earlier this month, Berkshire Hathaway Inc, the firm run by Buffett tied up as a corporate agent for India's Bajaj Allianz General Insurance, marking its entry into the insurance sector in Asia's third-largest economy.


Berkshire India, which will sell general insurance products through its Berkshireinsurance.com online distribution portalhas invited all policyholders to register for the March 25 event at New Delhi's Taj Palace Hotel.


The invitation is limited to one person per policy, and on first-come-first-served basis, Berkshire said on its website.

Buffett, ranked the world's third-richest man by the Forbes 2011 list, is scheduled to attend a ground-breaking ceremony in South Korea on March 21, and will speak at a new factory opening in Japan on March 22.