Bharti AXA Life insurance
Bharti AXA Life Insurance was started in December 2006. It brings together strong financial experience of AXA Group(Paris Headquarters) and Bharti Enterprises – one of India’s leading business groups. The joint venture has a 74% stake from Bharti and 26% stake from AXA.
Bharti Enterprises is one of India’s leading business groups with interests in telecom, agri business, financial services, retail and manufacturing. Bharti Airtel Limited, the group’s flagship company, is a leading global telecommunications company with operations in 20 countries across Asia and Africa. The Company ranks amongst the top four mobile service providers globally in terms of subscribers.
Other business ventures of the group include Bharti Softbank (JV with Softbank Corp – for mobile internet). Beetel Teletech and FieldFresh Foods (JV with Del Monte Pacific Ltd).Bharti has JVs with AXA, world leader in financial protection and wealth management, for Life Insurance and General Insurance.
AXA Group is a Global brand having major operations in Europe, North America and the Asia/Pacific area.
Bharti AXA Life insurance company- Facts and Figures
I had given some facts and figures of Bharti AXA Life insurance company in the below Table.
|STARTED YEAR||DECEMBER 2006|
|PAID UP CAPITAL||1978.20 crores|
|INDIAN PARTNER||Bharathi Enterprises|
|FOREIGN PARTNER||AXA Group|
|MD/CEO NAME||Sandeep Gosh|
|SOLVENCY RATIO||2.09% (As on 31.03.2014)|
|NUMBER OF BRANCHES||59||HEAD OFFICE||PUNE|
|TOTAL PREMIUM COLLECTED||2011-12||2012-13||2013-14|
|CLAIMS SETTLEMENT RATIO||2011-12||2012-13||2013-14|
|KEY PLANS||CHILD||Bharti AXA Monthly Income plan +|
|TERM||Bharti AXA Life eProtect|
|PENSION||Bharathi AXA Aajeevan Sampatti +|
|ULIP||Bharti AXA Future Invest|
|TOLL FREE NUMBER|
|WEBSITE ADDRESS||INDIAN PARTNER||http://www.bharti.com/|
Some Key Facts:
- The company has infused a capital of amount Rs 171 crores during the financial period 2013-14.
- The Total paid up share capital is 1978.20 with (77.72% Bharti and 22.22 from AXA)
- Bharti AXA life insurance has collected a new business premium of Rs872 crores which is 17% more than 2012-13
- The solvency Ratio is 2.09%
In the above table, we had updated the details from the IRDA Annual report 2013-14, 2012-13 and 2011-12. Some details are captured from www.bharti-axalife.com. The accuracy of the above table content depends on these given sources. This information published is of informative nature and does not guarantee anything about the companies performance or claim records.
The main aim of this post is to simplify the details about Bharti Axa life insurance. All these information in this post can be seen in www.bharti-axalife.com and IRDA website.