UK insurance giant Prudential plc to take control of Bharti Life Insurance Company Limited

Bharti Enterprises on Sunday announced that UK-based insurer Prudential plc has agreed to acquire a 75% stake in Bharti Life Insurance Company Limited, marking a major foreign investment in India’s fast-growing life insurance sector.

The stake will be acquired from Bharti Life Ventures Pvt Ltd and other selling shareholders, according to a company statement. Financial details of the transaction were not disclosed.

Bharti Enterprises Chairman Sunil Bharti Mittal said the partnership would help accelerate

Bharti Life’s growth by combining Prudential’s global insurance expertise with Bharti’s local market presence.

The deal comes at a time when India’s life insurance industry is seeing rising demand for financial protection products, driven by growing awareness, digital adoption and relatively low insurance penetration.

Bharti Life said the investment would support expansion of its product offerings and distribution network across India.

360 ONE, whose private equity funds had invested in Bharti Life, said the transaction reflected the insurer’s strong growth momentum and long-term potential.

The acquisition remains subject to regulatory approvals and other customary conditions.