Trilegal has advised Indian listed fintech platform Angel One on its strategic entry into the life insurance sector via a technologically sophisticated partnership with Singapore-based insuretech platform LivWell, which was represented by JSA Advocates & Solicitors.

The venture aims to disrupt traditional insurance models by combining Angel One’s digital reach and credibility with Olympus-backed LivWell’s digitally native insurance expertise.

Angel One will hold a 26 percent stake by contributing INR 104 crore, while LivWell, a Singapore-based insurtech company backed by private equity firm Olympus Capital, will hold the remaining 74 percent (INR 296 crore). The JV aims to address India’s significant life insurance protection gap of over 83 percent, targeting especially young earners aged 26-35.

The Trilegal team was led by corporate partner Sanjam Arora, who was supported by a core team comprising Averal Sibal and Madhav Nakra. Financial regulatory partner Anubhav Ghosh is also advising on the transaction, supported by Drishti Kapadia.

The JSA deal team was led by partners Sidharrth Shankar and Shivangi Sharma Talwar, and included principal associate Aditya Vardhan Dayal, senior associates Pallov Upadhyay, Eksha Narayan, and Jatin Oberoi, and associate Aashreya Kodesia.

In addition to the AngelOne-LivWell deal, several significant transactions have shaped India’s insurance market this year, highlighting increased consolidation and foreign investment interest amid market liberalization.

Bajaj Finserv’s acquisition of Allianz SE’s entire 26 percent stake in Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance for approximately INR 24,180 crore was a marquee deal, ending a 24-year partnership and boosting Bajaj’s stake to 75.01 percent.

Another notable move is the UK-based Prudential Plc’s health insurance joint venture with India’s HCL Group, where Prudential holds 70 percent. LIC marked its entry into the health insurance sector by pursuing a strategic stake in a standalone health insurer, underscoring its diversification efforts. Meanwhile, IndusInd International Holdings acquired Reliance Capital’s insurance units with a INR 9,600 crore bid, planning to list these businesses in the near future.

The historic 50:50 domestic reinsurance joint venture between Jio Financial Services and Allianz Group, advised by law firms Cyril Amarchand Mangaldas and JSA, marks Allianz’s strategic reentry into India’s insurance market

These deals reflect growing investor confidence, increased foreign direct investment following the rise of FDI cap to 100 percent, and strategic moves towards digital, health, and integrated insurance services, fueling the sector’s expansion and innovation in 2025.