Bharti AXA Life Insurance Company has launched a new online term insurance plan called iProtect. So this is the 9th life insurance company to launch online term insurance plans. Of late, online term insurance plans have become very popular as they are very competitively priced and can be purchased conveniently by the consumer sitting at home or office. 

Read our Review of Bharti AXA Life iProtect Plan.

The plan has been priced very aggressively compared to the options available in the...  Read More »

The proposed deal of Bharti Enterprises to hive off its 74% stake in the both the insurance joint ventures with Axa to Reliance Industries has been terminated by both the parties. Citing the concerns of disagreement over governance and long-term vision, both the companies mutually agreed to call-off the discussions.
 

Bharti Enterprises, one of India’s biggest business conglomerates having presence in telecom, retail, financial services, manufacturing and software holds a 74% stake in the...  Read More »

Triple Health Insurance Plan, a truly unique critical illness policy, is the latest offering from Bharti AXA Life Insurance Company.

This plan offers cover of a maximum of 3 times the sum assured during the entire policy term. It covers up to 13 critical illnesses that are classified in to 3 groups. On contracting any of the specified critical illnesses like heart attack, stroke, paralysis, major organ transplant; 100% of sum assured is payable.

Additional benefit of this plan is that on...  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 »

The latest news doing the rounds in the insurance sector is the appointment of Sandeep Ghosh as the new Chief Executive Officer (CEO) of Bharti AXA Life Insurance Company.

 
Sandeep Ghosh will lead Bharti AXA Life with his rich experience of over 20 years, both in India and overseas. Before joining Bharti AXA Life, he worked with ANZ as the Managing Director - Commercial Banking Head for Asia Pacific based in Hong Kong. He played a major role in building a commercial banking franchise for ANZ...  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 »