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MANULIFE-S (00945.HK) JV in India Makes New Progress, Approved by India Ministry of Corporate Affairs
MANULIFE-S (00945.HK) announced that Mahindra and Manulife declared on November 12, 2025 that they had established a partnership to jointly set up a life insurance business. The tw...
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MANULIFE-S (00945.HK)  +2.600 (+0.878%)    Short selling $89.96K; Ratio 3.297%   announced that Mahindra and Manulife declared on November 12, 2025 that they had established a partnership to jointly set up a life insurance business. The two parties have confirmed the incorporation of a joint venture named Mahindra Manulife Insurance Limited (MMIL), which has received approval from the India Ministry of Corporate Affairs. The establishment of MMIL marks the partnership entering its next phase.

The joint venture combines Mahindra's strong market presence in India with Manulife's global expertise, aiming to build a customer-centric, simple and user-friendly, AI-driven and digitally led life insurance company. By leveraging Mahindra's extensive market reach and Manulife's strengths in product innovation, underwriting and agency-led distribution, MMIL will focus on safeguarding policyholder interests and providing comprehensive, needs-based financial solutions.

MMIL aims to address India's substantial protection gap through a range of long-term savings and protection products, with a focus on expanding into rural and semi-urban markets while establishing a leading position in protection solutions for urban customers. Both partners are committed to building MMIL into a trusted, digital technology-driven and AI-centric life insurer, in line with India's long-term development direction and the vision of "Insurance for All". (da/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-03 16:25.)

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