Agam Capital, American Equity unveil next-gen life insurance in India
In a landmark move set to redefine the insurance landscape, Agam Capital and American Equity Life announce their groundbreaking plan to introduce a next-generation life insurance company in India. Partnering with Fintech Blue’s tech prowess, Agam Capital’s cutting-edge pALM analytical platform, and American Equity’s capital strength, this collaboration is set to become a game-changer in India’s burgeoning market for life insurance and retirement products.
Founders Hail Launch as a “Watershed Moment”
Co-founders of Agam Capital, Chak Raghunathan and Avi Katz, described the partnership with American Equity Life (AEL) and Fintech Blue Solutions as a “watershed moment.” Raghunathan and Katz expressed their excitement at combining their unique skills to bring next-gen life insurance and retirement products rapidly and efficiently to India’s growing market.
American Equity to be Anchor Investor, CEO Foresees “Pivotal Time” for India’s Insurance Market
American Equity Investment Life Holding will be the anchor investor, making this strategic partnership even more robust. Anant Bhalla, CEO of American Equity, emphasized that the new venture arrives at a pivotal time to enter India’s insurance and retirement space. With American Equity managing over $50 billion in retail client assets, this partnership intends to leverage its capital and expertise in insurance and asset management to deliver a differentiated product suite.
Fintech Blue Solutions: The Tech Genius Disrupting a $100 Billion Market
Known for its tech capabilities, Fintech Blue Solutions has already disrupted India’s $100 billion insurance market with its API-based platform. Anand Prabhudesai, Co-Founder of Fintech Blue Solutions, committed to expanding consumer choices through this transformative partnership. He expressed immense pride in empowering Agam Capital and American Equity on this journey.
Upcoming Launch Following Regulatory Approvals
The proposed next-generation life insurance company is slated to launch in the coming months, pending the execution of definitive agreements and necessary Indian regulatory approvals. With a dynamic approach to branding and product development, the new venture aims to introduce innovative life and retirement products to the Indian market. The ultimate goal? To bring financial dignity and planning to Indian consumers.
By uniting Agam Capital’s analytical platforms, American Equity’s capital strength, and Fintech Blue’s technological expertise, this collaboration promises to revolutionize India’s life insurance and retirement market. Watch this space for more updates on this groundbreaking venture.