Warren Buffett to visit India next week for insurance launch

Friday, 18 March 2011 01:47 - - {{hitsCtrl.values.hits}}

Reuters: Billionaire investor Warren Buffett will travel to India next week to launch his firm’s insurance selling portal and will meet policyholders at an event in New Delhi, according to information on the company’s website.

Earlier this month, Berkshire Hathaway Inc, the firm run by Buffett tied up as a corporate agent for India’s Bajaj Allianz General Insurance, marking its entry into the insurance sector in Asia’s third-largest economy.

Berkshire India, which will sell general insurance products through its Berkshireinsurance.com online distribution portal, has invited all policyholders to register for the 25 March event at New Delhi’s Taj Palace Hotel.

The invitation is limited to one person per policy, and on first-come-first-served basis, Berkshire said on its website.

Buffett, ranked the world’s third-richest man by the Forbes 2011 list, is scheduled to attend a ground-breaking ceremony in South Korea on 21 March, and will speak at a new factory opening in Japan on 22 March.