Angel One, LiveWell incorporate life insurance company in India

Angel One has incorporated a new associate company, Angel One LivWell Life Insurance, in collaboration with Singapore-based LivWell Holding Company, in India. This partnership aims to establish a presence in the Indian life insurance market, subject to necessary regulatory approvals. The newly incorporated unlisted public entity will see Angel One holding a 26% stake, while LivWell will retain the majority share. The focus will be on delivering life insurance services throughout India, contingent on app ...