360 ONE Asset, formerly known as IIFL Asset Management Limited, is set to acquire a 15% stake in Bharti AXA Life Insurance through its funds. This investment aims to bolster the insurer’s growth trajectory, drive innovation, and expand its market presence.
Bharti AXA Life Insurance, a wholly-owned subsidiary of Bharti, has been a leader in offering innovative life insurance solutions while steadily expanding its reach across India.
According to a joint statement on Monday, the investment by 360 ONE Asset will accelerate Bharti AXA’s efforts to enhance its product portfolio and strengthen its distribution network to meet the evolving needs of consumers.
The transaction, pending regulatory approvals, represents a significant milestone for Bharti AXA Life Insurance as it continues to build on its strong foundation and customer-centric approach, the statement added.
