360 ONE Asset to acquire 15% stake in Bharti AXA Life Insurance

The transaction, which is subject to regulatory approvals, marks a significant milestone for Bharti AXA Life Insurance as it continues to build on its strong foundation and customer centric approach.

Bharti AXA Life Insurance, today announced a significant investment from funds managed by 360 ONE Asset. As part of this transaction, 360 ONE Asset, through its funds will acquire a 15% stake in Bharti AXA Life Insurance, to strengthen the company’s growth trajectory, unlock new avenues for innovation and enhance market share.

Bharti AXA Life Insurance, a wholly-owned entity of Bharti, has been at the forefront of delivering innovative life insurance solutions while increasing its footprint across India. The investment by 360 ONE Asset will further accelerate Bharti AXA’s plans to enhance its product offerings and strengthen its distribution network to serve the dynamic and evolving needs of the consumer.

"The transaction, which is subject to regulatory approvals, marks a significant milestone for Bharti AXA Life Insurance as it continues to build on its strong foundation and customer centric approach," according to a statement by the company.

Parag Raja, Managing Director and CEO at Bharti AXA Life Insurance, said, "We are delighted to welcome 360 ONE Asset as an investor in Bharti AXA Life Insurance. This investment underscores the strength of our business model, commitment to long-term growth and our vision of redefining life insurance in India. 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. The company has the right mix of product innovation, technology and operational efficiency to execute successfully in the large and growing life insurance sector.

We are equally excited to collaborate with Bharti, which has a market-leading track record of scaling multiple businesses with the highest standards of corporate governance. 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."