Great Eastern subsidiaries propose acquisition of AmMetLife Insurance sbr.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sbr.com.sg Daily Mail and Mail on Sunday newspapers.
The company has a good track record of paying bonuses to policyholders of participating products over the past 19 years, demonstrating its disciplined approach to investing for sustainable returns. Its managing director and chief executive Ashish Kumar Srivastava said the Rs 768.6 crore bonus is the highest we have given out till date, and shows our sound investment strategies and efficient risk management practices.
US-based insurer Metlife Inc, through its group company, will acquire the combined 15.27 per cent stakes of I.G.E. (India) Private Ltd (IGE) and Elpro International Ltd (Elpro) in the PNB MetLife India Insurance Company Ltd (PNB MetLife) for .
US-based insurer Metlife Inc, through its group company, will acquire the combined 15.27 per cent stakes of I.G.E. (India) Private Ltd (IGE) and Elpro International Ltd (Elpro) in the PNB MetLife India Insurance Company Ltd (PNB MetLife) for about Rs 1,906 crore cash.