Tag: Bharti AXA General Insurance

IRDAI authorizes ICICI Lombard acquisition of Bharti Axa General

November 30, 2020

• The Insurance Regulatory and Development Authority of India (IRDAI) has given its in-principle permission for the merger of Bharti AXA General Insurance with ICICI Lombard.
• The merged entity will have a market share of around 8.7 percent on a proforma basis in the general insurance business.

CCI Approves Acquisition of Bharti AXA by ICICI Lombard

November 2, 2020

• The Competition Commission of India (CCI) has approved the acquisition of General Insurance Business of Bharti AXA General Insurance Company Limited (Bharti AXA) by ICICI Lombard General Insurance Company Limited.

ICICI Lombard signed an MoU with Bharti AXA to Merge their Insurance Businesses

August 22, 2020

• ICICI Lombard General Insurance Co. Ltd.(ICICI Lombard) and Bharti AXA General Insurance Co. Ltd.(Bharti AXA) have signed an agreement to merge their insurance business. The merger will happen through a scheme of arrangement.

Bharti AXA Life Insurance Entered into Bancassurance Partnership with SBM Bank India

August 20, 2020

• Bharti AXA Life Insurance has entered into a bancassurance partnership with SBM Bank .life insurance products, including protection, health, savings and investment plans, to the customers of SBM Private Wealth, the retail banking arm of SBM Bank India.

‘Bohot Zaroori Hai’ campaign is launched by Bharti AXA General Insurance

July 29, 2020

• ‘Bohot Zaroori Hai’ campaign is launched by Bharti AXA General Insurance for farmers in Maharashtra and Karnataka to encourage them about their yield protection and financial security. The company has secured the mandate to insure the farmers in Maharashtra and Karnataka for a period of three years under the Pradhan Mantri Fasal Bima Yojna (PMFBY).

Parag Raja elected as new MD and CEO of Bharti AXA Life Insurance

April 10, 2020

• Parag Raja has been elected as the new Md & CEO of Bharti Axa Life Insurance. He will be replacing Vikas Seth. Prior to this appointment, Raja was the Chief Distribution Officer at Aditya Birla Sun Life Insurance (ABSLI)