Health insurance is going through a phase of structural stress—both for customers and insurers, says Goyal
The offer for sale (OFS) portion of the issue been slashed by almost 50% from 10.94 crore shares to 5.48 crore shares. The company aims to raise Rs 2,614 crore through the issue at the upper band of the IPO.
On the reduced issue size, the Chairman said the company's requirement for capital went down as it raised non-convertible debentures worth Rs 200 crore in December last year.
Separately, Digit has applied to the IRDAI for life insurance and reinsurance licences. Goyal said that while it will be tough to be a new life insurance player, the company will have the advantage and flexibility to build its tech and operations afresh.
Billionaire investor Prem Watsa is excited about the India opportunity, and believes that it will remain a favourable place for foreign investments. Despite the current slowdown in global markets and hiking of interest rates by central banks globally, Watsa does not see a need to ring alarm bells as yet. In an exclusive interview with Moneycontrol's Chandra R Srikanth and Priyanka Iyer in Bengaluru, Watsa said that the current boom in India's startup industry will open up more avenues and create a level playing field for all those with a drive for entrepreneurship. India saw 44 unicorn startups emerge in just 2021, the highest ever in a year that witnessed a massive surge in investments. At the same time, Digit insurance founder Kamesh Goyal spoke about the growth ahead and the opportunity in EVs
"We say, jokingly, that our strategic plan is to wait for that telephone to ring," says Prem Watsa in interview
Digit Insurance’s founder and chairman Kamesh Goyal says the current financial year is challenging for the general insurance industry, but is betting on strong growth in the following 12 months.
Unit-linked insurance plans or ULIPs as they are popularly known as are another form of life insurance. Sumeet Vaid of Freedom Financial Planners and Kamesh Goyal, CEO, Bajaj Allianz spoke to CNBC-TV18 about ULIPs and what the trend is.
Kamesh Goyal, CEO of Allianz Asia Pacific, in an interview with CNBC-TV18’s Reema Tendulkar and Gautam Broker, spoke about the company’s recent tie-up with Berkshire Hathaway and the road ahead.
In an interview with CNBC-TV18, Subhash Lakhotia, Tax Guru; Sanjay Sinha, CEO of L&T Mutual Fund and Kamesh Goyal, Country Head of Bajaj Allianz Life Insurance evaluate the Union Budget and its impact on your wallet.
Puneet Nanda, Executive Director, ICICI Prudential Life Insurance and Kamesh Goyal of Bajaj Allianz discuss why the inflows have been so low and how they see 2011 panning out.