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Bharti Axa General Insurance has big plans for the coming years

Bharti Axa General Insurance Company is planning to infuse more funds into its operations over the next two years. The company plans to infuse an additional Rs. 200 crores.

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Last Updated - May 3, 2023
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Bharti Axa General Insurance Company is planning to infuse more funds into its operations over the next two years. The company plans to infuse an additional Rs. 200 crores over the next two years. The additional amount would come from the current ratio of the shareholding pattern, which is 76% by the Bharti Group and the remaining 24% by the Axa Group.

Bharti Axa General Insurance Company would infuse Rs. 60 crores this month. This will take the overall capital infusion into the insurance company to Rs. 460 crores.

The company has some major products lined up for launch and is awaiting regulatory approval for the same. The new products would include health and motor insurance plans.

Bharti Axa General currently enjoys a market share of about 3.45% in the general insurance space. The company intends to increase its focus on the health insurance segment and take the product to more than a quarter of its overall business.

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Deepak Yohannan is the Founder & CEO of MyInsuranceClub. He enjoys writing on Personal Finance and focusses on explaining the basic concepts of insurance in simple language.