ICICI Lombard General Insurance acquisition of Bharti AXA General Insurance : Indian insurance companies ICICI Lombard and Bharti AXA have agreed to merge their general insurance businesses in an all-stock deal, in a move to create the third-largest non-life insurance company in India with nearly INR 164.47 billion ($2.2 billion) annual premium. The merger of […]
Pay As You Drive motor insurance policy : Bharti AXA General Insurance and PolicyBazaar.com, an online insurance aggregator, have come together to launch usage-based motor insurance coverage called ‘Pay As You Drive’ in India. The usage-based motor insurance product was shortlisted by the Insurance Regulatory and Development Authority of India (IRDAI) for its regulatory sandbox […]
COVID-19 insurance cover : Airtel Payments Bank has joined forces with Bharti AXA General Insurance for providing simple and focused health insurance plans in India to offer financial protection against COVID-19 along with other health conditions. Two health insurance plans – Bharti AXA Group Health Assure and Group Hospital Cash have been rolled out under […]