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Insurance

Shardul Amarchand Mangaldas & Co logo

Shardul Amarchand Mangaldas & Co

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Counting leading global and domestic insurers and reinsurers among its clients, Shardul Amarchand Mangaldas & Co has experience in licensing and registering entrants into the market, advising on distribution and remuneration arrangements, implementing governance frameworks, assisting with product and investment strategies, and guiding market exits. The team regularly appears before the Securities Appellate Tribunal, in addition to advising corporate agents, web aggregators, third-party administrators and other intermediaries in this space. At the helm is Shailaja Lall, who has deep experience in the insurance market. Akshay Sachthey is a key practitioner for the corporate, advisory, M&A and regulatory aspects of insurance and reinsurance mandates. Uday Opal is noted for his experience in advising on restructuring and regulatory compliance matters. Ashish Teni left the firm in 2024.
Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘Shardul Amarchand Mangaldas consistently brings high standards of legal acumen, commercial awareness, and ability to navigate complex regulatory landscapes. Shailaja has deep industrial expertise, nuanced understanding of sector-specific issues and an ability to offer strategic, business-aligned legal advice.'

  • 'Shailaja Lall's insights go beyond legal analysis — she brings practical, forward-thinking solutions that reflect a strong grasp of industry dynamics, making her an indispensable adviser.’

  • ‘Shailaja and the team provide sound legal advice concerning Indian reinsurance regulations for our operation in the country, as well as how the cross-border regulations are intended to operate.'

  • ‘Shailaja and her team are clear in identifying the issues we may face and how we navigate them in light of recent significant changes in the regulatory environment in India.’

  • 'Akshay Sachthey is supportive and cooperative.'

Key clients

  • Bajaj Finserv Limited
  • Go Digit Life Insurance Limited, Oben Ventures LLP, Kamesh Goyal and Kanika Gupta
  • Vama Sundari Investments (Delhi) Private Limited

Work highlights

Advised Bajaj group on the acquisition of a 26% stake held by Allianz SE each in Bajaj Allianz General Insurance Company Limited and Bajaj Allianz Life Insurance Company Limited and a 50% stake held in Bajaj Allianz Financial Distributors Limited.
Advised Vama Sundari Investments (Delhi) Private Limited on a joint venture proposed to be set up with Prudential Group Holdings Limited (UK) for carrying out health insurance business in India.

Lawyers

Leading partners

The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.

Practice head

Shailaja Lall

Other key lawyers

Akshay Sachthey; Uday Opal

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