UK-based insurer Jardine Lloyd Thompson (JLT) Group is reportedly planning to invest around INR1bn ($15.6m) in the next three years to expand its operations in India.

The insurer has opened its second office in Pune, while its Indian unit first started operations in Mumbai in 2007.

JLT India CEO Puneet Satyawadi was quoted by Financial Chronicle as saying: "We have already invested over Rs100 crores in building capacities for growth in India.

"We also plan to invest an additional Rs100 crore more to increase capacities to tap growing business in the country."

According to Satyawadi, the Pune office will employ 300 new recruits and is expected to offer services to group’s global employee benefits businesses as well as application development services.

JLT provides insurance, reinsurance, employment related advice and brokerage services across the globe. The firm’s risk and insurance segment offers advice and consultancy, brokerage and placement and specialist insurance services.

Its employee benefits segment provides pension and retirement services, health, risk and benefits, as well as wealth management and investment services.