Bharti AXA Life's total premium income inch up 4.3% in FY2021

Renewal premiums jumped 10% in 2020 to 2021, but COVID-19 hit new business premium income.

India’s Bharti AXA Life saw its total premium income inch up 4.3% to INR2,281 crore in FY 2021, according to media reports.

Renewal premiums jumped 10% in 2020 to 2021, but the second wave of COVID-19 negatively affected new business premium income, which dropped to INR783 crore in FY2021. Annualised new business premium was INR582 crore in the same period.

The life insurer posted a 36% jump in asset under management (AUM) to INR9,374 crore from INR6,902 crore in FY2020.

Bharti AXA Life is planning to expand its distribution footprint across the country by engaging with different distribution channels, it said, through adopting new technologies and seven new digital platforms.

It also launched 10 new products and connected with 25 new partners in FY2021, reports say.

Follow the links for more news on

Bharti AXA Life

India

Life insurance

Also Read

Philippine life insurance sector slated for 5.4% CAGR by 2028

Property insurance industry to exceed $152b by 2028

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit