Mumbai: The Hinduja group is making a foray into the insurance business in India. The group has already tied up with an overseas partner for a life insurance venture according to senior company officials of the Hinduja Group who did not disclose the name of the partner and investment details.

IndusInd Bank, the group's bank may initially invest in the new business.

The company says it would bring innovative concepts in the insurance segment. The group is planning fresh investments in the existing business, including automobile, financial services and media.