Insurance
The Practice
Our market-leading insurance practice provides the full spectrum of legal services to insurers, reinsurers, intermediaries, investment banks, investors and policyholders. We have in-depth knowledge and understanding of the legal, regulatory and commercial issues faced by the insurance industry in India and regularly act on the cutting edge of Indian insurance work.
Our team regularly advises on complex M&A and PE transactions in the insurance sector, as part of growth, market entry or consolidation strategies (or disposals as investors or partners exiting their investments), regulatory matters, insurance registrations, distribution channels and networks, fund raising (public offerings and debt issuances), restructuring, litigation and digital platforms.
We have been recognised as “a go-to firm for insurance matters” in India by Legal 500, which also cites a number of our partners as market leaders in this sector.
The Execution
We are a trusted adviser to several leading international insurers and reinsurers, private equity and sovereign funds and large Indian corporate groups active in this sector. We have a demonstrated history of acting on some of the most complicated and diverse insurance engagements. Our expertise includes the structuring and execution of market entry and exit strategies and insurance registration; high-value M&A transactions, including cross-border transactions; private equity transactions (acquisition of controlling stakes as well as minority investments and disposals/ exits thereafter); group reorganisations and restructurings; distribution arrangements, including bank-assurance arrangements and digital platforms; outsourcing arrangements; regulatory issues including liaising with the Insurance regulator; initial public offerings; debt issuances; and high-value litigations / disputes.
The Khaitan Advantage
Our in-depth sector knowledge and understanding of the regulatory dynamics together with our innovative and solution-oriented approach allows us to provide robust, focused, practical and innovative solutions for our clients, distinguishing us from our competition in India. In particular, our clients benefit from the breadth of our transactional, advisory and regulatory experience, which means that we can provide clients with perspective on the most complex issues, and our understanding of our clients’ commercial goals, which enables us to deliver a high-quality and responsive service to help our clients achieve their objectives.
Key Contacts
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Anuj Shah
Partner
Mergers and Acquisitions, Insurance
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Nikhil Narayanan
Partner
Mergers and Acquisitions, Private Equity, Restructuring and Insolvency
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Niren Patel
Partner
Mergers and Acquisitions, Private Equity
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Harsh Khemka
Partner
Mergers and Acquisitions, Insurance, Corporate and Commercial, Private Equity
Find out how our experts can help solve the challenges you face in your industry.
Contact UsKey Deals
SBI Life Insurance Company Limited (“SBI Life”)
Advised the book running lead managers in relation to the initial public offering of up to 120,000,000 equity shares of SBI Life through an offer for sale by the State Bank of India and BNP Paribas Cardif S.A., of up to 80,000,000 equity shares and up to 40,000,000 equity shares, respectively.
read more +Nippon Life Insurance Company
Advised client in relation to the proposed initial public offering of up to 61,200,000 equity shares of Reliance Nippon Asset Management Limited.
read more +Binny Bansal and Intact Financial Corporation
Advised Binny Bansal (family office) and Intact Ventures in relation to minority investments (10.62% and 2.71% respectively) in the Series C funding round in Acko Technology and Services Private Limited which in turn holds 100% share capital in Acko General Insurance Limited for total transaction value of approx. INR 455 crores (USD 65 million).
read more +Dalmia Group
Advising in relation to acquisition of 26% stake in Religare Health Insurance Company Limited.
read more +Prudential Corporation Holdings Limited
Advised in relation to the initial public offer of 181,341,058 equity shares of ICICI Prudential Life Insurance Company Limited through an offer for sale by ICICI Bank Limited for USD 910 million.
read more +Temasek Holdings Pte Ltd.
Advised in relation to acquisition of a 1.95% stake in SBI Life Insurance Company Limited, overall deal value being USD 270 million approximately.
read more +Swiss Reinsurance Company Limited
Advised in relation to certain Indian insurance regulatory aspects and in relation to certain minority investments in India.
read more +General Insurance Corporation of India (“GIC Re”)
Advised the Book Running Lead Managers in relation to the Initial Public Offering (IPO) by GIC Re for USD 1.73 billion approximately.
read more +IIFL Special Opportunities Fund
Advised in relation to acquisition of 1.59% stake in ICICI Lombard General Insurance Company Limited from FAL Corporation.
read more +Insights
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Insurance 2.0 | Big Bang Insurance Reforms
read more + 09 Dec '24 -
India’s Insurance Reforms: A bold transformation, but not without challenges
read more + 26 Nov '24 -
NDI Rules amended to allow 74% foreign investment in Indian insurance companies | Liberalisation process now complete
read more + 23 Aug '21 -
74% Foreign Investment in INDIAN Insurance Companies | Indian Ownership and Control Guidelines Formally Withdrawn – A Key Milestone
read more + 03 Aug '21 -
74% Foreign Investment in Indian insurance companies | One step closer to full implementation
read more + 24 May '21 -
74% FDI In Insurance: Implementation Process Moving Quickly
read more + 28 Apr '21