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 acquisition will be completed by December 2023, which will see Bharti Group taking full control of Bharti AXA Life Insurance; a venture that was jointly run for nearly two decades.
The two global venture capital firms that participated in the funding round are Accel and Quona Capital.
The two insurers are in talks for an all-stock merger deal, which is expected to be sealed soon
Bharti AXA General Insurance, a joint venture between Bharti Enterprises and global insurance firm AXA, will sell the policies on the website of Wishfin's insurance arm Wishpolicy.
Bharti AXA Life Insurance has also extended the existing grace period of 15 days or 30 days as applicable to 60 days for payment of premiums due.
"As of now, we serve nine insurance companies, including eight life insurers, here. We are planning to take this to over 20 by December," chief executive and co-founder of Aureus Analytics, Anurag Shah told PTI here.
The British Council is bringing its second edition of the ‘UK-India Career Summit’ to Mumbai in partnership with FLEXI Careers India on ...
AIA, which holds 26 percent stake in Tata AIA Life Insurance Company, will raise it to 49 percent with the acquisition. However, while announcing the deal in December last year, the company did not disclose the financial details.
Under the agreement, ERGO will buy 12,33,57,262 shares of HDFC ERGO at a price of Rs 90.97 per share aggregating to Rs 1,122 crore, said a statement in the filing.
In recent years, the insurance sector in India has given us some brilliant television commercials. It is now time to highlight some of the best ones.
In an interview to CNBC-TV18, personal finance expert, Pankaj Mathpal of Optima Money Managers shared his reading and outlook on debt consolidation and term plan.
Private sector general insurer Bharti AXA, which has crossed Rs 1,000-crore gross written premium mark for 2012, said it will come up in new products in commercial line.