Bharti-AXA may launch insurance products next month

Bharti group will foray into life insurance next month, and is aiming to be among the top three private players in the sector in a couple of years.

Bharti, which will tie-up with AXA Asia Pacific Holdings - a subsidiary of the world's second largest life insurance player, will invest at least Rs 600 crore in the business by way of equity in the next four years.

"Next month, hopefully, we should launch and start insurance services," Sunil Mittal, chairman and managing director of Bharti group, said.

He added that the joint venture firm with AXA would also foray into the mutual fund sector, but did not give any time frame.