HDFC Life and Max Life are in talks to create the country's biggest private life insurer as stiff competition and regulatory hurdles force firms to find new ways of growing market share and profitability.
Three people familiar with the talks said parleys have so far been mostly between Deepak Parekh, chairman of Housing Development Finance Corp, HDFC Life's parent, and Analjit Singh, founder of Max Group which owns majority stake in Max Life. The companies may announce the plans in ..
