360 ONE Asset, through its funds will acquire a 15% stake in Bharti AXA Life Insurance. The transaction, which is subject to regulatory approvals, marks a significant milestone for the company. 360 ONE Asset: \”We aim to further accelerate innovation, enhance our product offerings, solidify our service experience and further deepen our market presence. Together, we are poised to drive sustainable growth and create lasting value for both our customers and stakeholders\” The investment is a testament of our conviction in IRDAI’s vision of “Insurance for All” by 2047,\” said Sameer Nath, CIO and Head of Venture Capital and Private Equity at 360 ONE. The company has the right mix of product innovation, technology and operational efficiency to execute successfully in the large and growing life insurance sector, he added. The investment will further accelerate the company’s plans to enhance its product offerings and strengthen its distribution network to serve the dynamic and evolving needs of the consumer, according to a statement.
