Prudential HCL Health Insurance gets IRDAI nod

IRDAI has approved the Prudential HCL Health Insurance joint venture, majority-owned by Prudential Group Holdings at 70% with HCL Group's Vama Sundari Investments holding the remaining 30%. Amit Dave has been appointed managing director and CEO, while Abhishek Saraf will serve as COO. The approval expands Prudential's India footprint beyond its existing ICICI Prudential partnerships and its recently acquired majority stake in Bharti Life Insurance.