Angel One to Infuse ₹400 Crore in Life Insurance JV with Singapore’s Livwell, to Launch Digital-First Insurer:

Angel One, a leading Indian brokerage firm, has announced a strategic joint venture with Singapore-based Livwell Holding Company to launch a digital-first life insurance firm in India. Angel One will invest ₹400 crore and hold a 26% stake, while Livwell will hold the remaining 74%. The venture aims to address the substantial gap in life insurance coverage across the Indian population.