Bharti AXA General Insurance Company said that it has seen a 47% growth in its premium collections in 2011 as compared to that in 2010.

The private insurer’s premium collections in 2011 stood at Rs 776 crore in 2011 against its collections of Rs 528 crore in 2010.

Commenting on this achievement, Amarnath Ananthanarayanan, CEO of Bharti AXA General Insurance said, "Year 2011 has been a great year for us and this outcome is the result of our colleagues, partners and stakeholders'...  Read More »

The deal between Mukesh Ambani led Reliance and Bharti has received approval from Competition Commission of India (CCI) on Tuesday, after RIL and RIIL notified CCI about the proposed acquisition on July 8.

Bharti ventured into the insurance space with 74% stakes in Bharti AXA General Insurance Co. Ltd and Bharti AXA Life Insurance Co. Ltd.  CCI has approved Reliance Industries Ltd (RIL) and Reliance Industrial Infrastructure Ltd’s (RIIL) takeover of these 74% stakes in the insurance...  Read More »

A few days ago, Bharti group confirmed that it plans to exit from its joint venture with AXA by selling 74% stakes to Mukesh Ambani led RIL group. 

Reliance Industries limited (RIL) and its associate Reliance Industrial Infrastructure Limited (RIIL) will take over the general insurance as well as life insurance business from Bharti.

RIL will own 57% and RIIL will own 17% stakes in the new partnership. AXA will continue to hold its 26% stakes which is the maximum foreign direct investment...  Read More »

Mukesh Ambani’s Reliance Industries (RIL) is acquiring Bharti’s 74% stake from Bharti AXA Life and Bharti AXA General Insurance.

In a statement issued by the company, RIL and its associate Reliance Industrial Infrastructure Limited (RIIL) will buy out Bharti’s shareholding from Bharti AXA Group. AXA, a French company and among the Top 10 largest companies in the world on revenues in 2010, and Bharti Enterprises had together, formed Bharti AXA Life and Bharti AXA General Insurance.

While...  Read More »

Punjab National Bank (PNB), state-run lender, has shortlisted Bharti AXA Life Insurance, MetLife Insurance and Aviva Life Insurance companies for its fresh foray in the life insurance business.

PNB had earlier ventured into the life insurance business in 2005 in partnership with Principal Financial Group of Mauritius and UK (Berger) Paints. In January this year the bank decided to part ways with them and bought 26 per cent stakes of PFG and 32 per cent stakes of UK paints in Principal PNB...  Read More »

Health insurance portability has created quite a stir amongst customers, insurance companies, brokers, third party administrators (TPA) and everyone even remotely connected with insurance. Once the portability kicks in, the existing health insurance policyholders will be able to freely switch their health insurance cover from one company to another.

As per the circular released by IRDA, portability will be effective from 1st July 2011. However there is a lot of skepticism within the industry...  Read More »

Bharti AXA General Insurance like many other general insurance companies plans to bring down its losses by reducing their exposure to motor and health insurance. This has propelled the non-life insurer to work towards a three-pronged strategy.

Motor insurance at 65 per cent dominates the company’s product-revenue mix has caused heavy losses, followed by health and personal accident at 25 per cent.

Amarnath Ananthanarayanan, CEO and Managing Director of Bharti AXA General Insurance said...  Read More »

Bharti AXA General Insurance Company Ltd and Shriram General Insurance Company Ltd have almost doubled their premium collections this year.

Bharti AXA GI is a 74:26 joint venture between Bharti Enterprises and AXA Group. Between April 2009 and February 2010, Bharti AXA GI had collected only Rs. 244.06 crore. According to the latest data submitted by all the non-life insurance companies, Bharti AXA GI has collected Rs. 491.23 crore in premiums for the period April 2010 to February 2011....  Read More »

Bharti AXA General Insurance has partnered with AXA assistance to provide Roadside assistance for cars in India. The cover will be provided in 22 States across 1500 locations.

Car breakdown as a result of a flat tyre, running out of fuel, accidents etc is a common problem and causes a lot of inconvenience. Every day, more number of cars are getting added to the already congested roads in the metros. Bharti AXAs roadside assistance aims to provide premium services 24/7 to customers in...  Read More »

Bharti Axa General Insurance Company has plans of launching some health insurance plans which will be more beneficial to their customers.

Speaking to Business Line, Mr Kimsoon Chua, COO of Bharti Axa General Insurance said that they have plans of launching life-time renewable health insurance products. Currently their products are not available to customers above the age of 75 and even lower in some cases. So the senior citizens who actually need health insurance coverage really do not have...  Read More »