Kolkata, New Delhi, INDIA. New York, USA.
Business To Business, New Delhi, 17th May 2026: Prudential plc on Sunday announced that it will acquire a majority 75 per cent stake in Bharti Life Insurance for Rs 3,500 crore from Bharti Life Ventures Pvt Ltd and 360 ONE Asset Management.
Currently, Prudential is also a partner with ICICI Bank in the life insurance business, where it holds around a 22 per cent stake.
Following the Bharti Life Insurance acquisition, Prudential will need to reduce its stake in the existing joint venture to comply with regulatory norms governing foreign participation and ownership in India’s insurance sector.
The transaction marks another significant reshaping in India’s insurance industry and follows the exit of Allianz from its long-standing partnership with Bajaj Finserv last year.