Agam Capital, American Equity Life & Fintech Blue Solutions to offer life insurance product in India

By Gloria Mathias

Agam Capital, a global platform for insurance analytics, and American Equity Life, a provider of annuity and retirement products, have announced their plans to launch the next-generation life insurance company in India.

This innovative collaboration harnesses Fintech Blue’s tech-enabled distribution expertise in India, Agam’s cutting-edge pALM analytical platform, and American Equity’s strength in capital and retirement services. The result will be a distinctive entrant into India’s thriving market for life insurance and retirement products. American Equity Investment Life will be the anchor investor in the partnership.

Chak Raghunathan and Avi Katz, co-founders of Agam Capital, stated, “Our partnership with AEL and Fintech Blue Solutions is a watershed moment enabling the founding Partners the opportunity to combine their unique competitive skills to launch a next-generation life and retirement platform.”

Anant Bhalla, Chairman and Chief Executive Officer of American Equity, said, “As one of the largest US players in the retirement annuity space, we are known as the Financial Dignity Company of America with over $50 billion of retail client assets under management. We are proud to partner with Agam to provide both capital and our expertise in both insurance and asset management to this new venture in India. We believe that the market has arrived on the global stage, and this is a pivotal time to enter the insurance and retirement space in India, in a differentiated manner.”

Anand Prabhudesai, Co-Founder of Fintech Blue Solutions, said, “India stands at a pivotal moment in the insurance sector, and this partnership is our commitment to expanding the array of choices available to consumers. We are immensely proud to empower Agam and AEL on this transformative journey.”

The proposed insurance company is projected to launch in the coming months. The company will have a branding and product development strategy to bring innovative life, and retirement products to the Indian market in an efficient manner. The partners aim to expand and enhance customer options with the goal of bringing financial dignity and planning to its customers.