Angel One’s New Chapter: Rs 1.04 Billion JV Aims to Redefine Life Insurance Access

Angel One Ltd has announced a strategic joint venture with LivWell Holding Company PTE Ltd to establish a next-generation, digital-first life insurance entity in India. The move marks Angel One’s formal entry into the insurance space, backed by a capital infusion of Rs 1.04 billion.

 

Key highlights:

 

- LivWell will hold a 74% stake in the new entity, while Angel One will retain 26% ownership

 

- The venture aims to address India’s 83% protection gap, especially among younger earners aged 26–35

 

- The insurer will operate on an AI-driven, tech-first architecture, offering personalized, affordable protection-led products

 

- Leadership includes Wilf Blackburn (ex-Prudential Asia CEO) as Chair and Nikhil Verma (ex-Aviva Vietnam Deputy CEO) as CEO

 

- The initiative aligns with India’s ‘Insurance for All by 2047’ vision and leverages Angel One’s digital distribution strength

 

Sources: Business Upturn, Angel One Ltd official disclosures, Economic Times, LivWell Holding press briefings