“We are looking at a premium growth of 25% this year,” Sharma said. Old Mutual says it is looking to increase its stake in its subsidiary , Kotak Mahindra Old Mutual Life Insurance . At present the company is a 74:26 joint venture , but since the Indian Parliament passed a Bill that introduced the clearing of a higher foreign direct investment cap in insurance at 74 % from 26 % , many overseas banks , like Old Mutual , are looking to increase their stake in insurance joint ventures .
Old Mutual says it is looking to increase its stake in its subsidiary , Kotak Mahindra Old Mutual Life Insurance . At present the company is a 74:26 joint venture , but since the Indian Parliament passed a Bill that introduced the clearing of a higher foreign direct investment cap in insurance at 74 % from 26 % , many overseas banks , like Old Mutual , are looking to increase their stake in insurance joint ventures .