Bajaj Finserv is preparing to enter India's reinsurance market, planning to file an application with IRDAI within two months

Mon 5 Oct 2026

Heard on business television between 15:47:31 - 15:50:31 IST.

• Sources said Bajaj Finserv plans to file application with IRDAI to foray into reinsurance business within two months.
• Company is expected to start undertaking business from April 2027, when domestic reinsurance treaties are renewed.
• Bajaj Finserv has reportedly shortlisted N Ramaswamy, former CMD of GIC Re, to lead the reinsurance venture.
• With this entry, Bajaj Finserv would have all three insurance verticals: general, life, and reinsurance.
• Analyst called reinsurance a highly profitable niche with very few players (GIC Re largest, about three players), calling Bajaj's entry very positive.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.