Bharti Axa General Life Insurance Company Ltd, a joint venture between Bharti Group and Axa group, today said it would invest Rs 645 crore in the next five years to expand its business.
CEO Milind Chalisgaonkar said "We are committed to invest Rs 645 crore in the next five years. The capital would be pumped in depending on business growth"
The company has invested Rs.190 crore since august 2008.
He said that the company has 31 products to offer and has applied for another 20 with IRDA (Insurance Regulatory Development Authority) and will also expand its branches to 80 and number of agents to 4000 by the end of 2009.