L&T coming into insurance is good news: Ventura Securities Ltd

L&T has got the IRDA nod to actually get into the general insurance business. Do you think the space will get a little too cluttered?

No, not at all. I think when you look at India as a potential insurance market and the level of underinsurance in the country, I think there definitely is place for more players.

Secondly, look at the private insurance players - typically life business - you break even only after say five or seven years time, some times even eight. All the insurance companies in India are about 8.5 years old or something -on the cusp of coming into black or just marginally on the red.

I think entire insurance space looks very-very good. I think L&T coming into general insurance is definitely a very good news.