Berkshire India, an arm of Warren Buffett-owned Berkshire Hathaway, nowadays mentioned it plans to sell either wellness or life insurance items of Bajaj Allianz to retail clients.
Berkshire India, which is a corporate agent of Bajaj Allianz, currently sells motor and travel insurance goods on the internet by way of its distribution portal BerkshireInsurance.com.
“In six months time, we expect to launch one much more product which would be either wellness insurance coverage or term Shop Life Well being life item. We are focusing on these merchandise which can be sold through direct channel,”BerkshireInsurance.com CEO Arun Balakrishnan told PTI.
The US conglomerate Berkshire Hathaway, had earlier this year forayed into the Indian non-life insurance coverage sector as a corporate agent of Bajaj Allianz General.
As element of its India entry, the American conglomerate has incorporated a business Berkshire India to sell and distribute general insurance coverage products in India.
Apart from advertising Shop Life Well being the products of Bajaj Allianz, the organization also supplies market place insights to it on processes concerning on the internet sale of insurance goods.
“We see a lot of potential in the online insurance coverage space in India, as the younger generation is prepared to purchase insurance coverage products over the world wide web utilizing on-line payment techniques,” he added.
Berkshire Hathaway has interest in various firms, such as home, casualty insurance coverage and reinsurance, finance, manufacturing, and retailing.
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