Bharti AXA IM to offer health insurance under general insurance

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New Delhi, Sept 15 (UNI) Bharti AXA Investment Managers, owned 75 percent by AXA with the remainder held by Bharti Enterprises, today said it will offer health insurance services to its clients under the general insurance scheme.

''We will not enter into health insurance segment separately, but will provide it through our general insurance scheme,'' Bharti Enterprises Deputy CEO and Mangaing Director Akhil Gupta told reporters here.

The company, which has committed to investing Rs 700 crore in the general insurance segment, has received approval from the regulator for motor insurance, property insurance and project and engineering insurance.

For health insurance, personal accident insurance and travel and marine products, the company is expected to receive the regulator's approval soon, Mr Gupta said.

The general insurance industry in India is expected to grow to Rs 1,00,000 crore by 2016, from the current Rs 30,000 crore.

Currently, it registers 13-14 per cent growth year over year.

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