(September 22 – 16:20 ET) – Canada Life Financial Corp. says that The Canada Life Assurance Co., Centurion Bank Ltd., TCFC Finance Limited of Mumbai and The ARDEE Group of New Delhi have registered in India a new joint venture company named Canada Life Centurion Assurance Co. Operating as “Canada Life Centurion in association with The ARDEE Group”, the company will soon file its application for an insurance licence in India.
Canada Life says the new partnership creates a unique company in India with a wealth of experience in all aspects of financial services including asset management, business training, marketing and technology. “Canada Life Centurion in association with The ARDEE Group” looks forward to providing excellent service to meet the needs of consumers and supporting the individuals who distribute our products and services.
Centurion Bank is one of the leading private sector players in retail and corporate banking in India, with a nationwide network of 70 branches offering services ranging from corporate banking, treasury, retail financing and capital market products to personal banking products. TCFC Finance Limited is engaged in securities investment and trading.
The ARDEE Group of Companies is a leading business conglomerate in India based in New Delhi engaged in real estate development, finance, engineering, education, international trading in commodities and information technology.
-IE Staff