Parag Raja, managing director and CEO, Bharti AXA Life Insurance, said“ with this partnership, we aim to further accelerate innovation, enhance our product offerings, solidify our service experience and further deepen our market presence. Together, we are poised to drive sustainable growth and create lasting value for both our customers and stakeholders.”
New Delhi: 360 ONE Asset, offering specialised solutions in wealth and asset management, through its funds will acquire a 15% stake in Bharti AXA Life Insurance, a wholly-owned entity of Bharti, to strengthen the insurer’s growth trajectory.
However, no financial details of the deal has been disclosed yet by the company.
The investment by 360 ONE Asset will further accelerate Bharti AXA’s plans to enhance its product offerings and strengthen its distribution network and foot print across the country, said the insurer
The transaction is subject to regulatory approvals.
Parag Raja, managing director and CEO at Bharti AXA Life Insurance, said, With this partnership, we aim to further accelerate innovation, enhance our product offerings, solidify our service experience and further deepen our market presence. Together, we are poised to drive sustainable growth and create lasting value for both our customers and stakeholders.”
Sameer Nath, CIO and Head of Venture Capital and Private Equity at 360 ONE Asset said, “We are delighted to back Bharti AXA’s stellar management team in the next phase of their growth journey. Our investment in Bharti AXA builds on our experience in financial services and is a testament of our conviction in IRDAI’s vision of “Insurance for All” by 2047.”