The transaction, first announced in February 2025, covers both US protection and pension risk transfer units, and will see the Japanese insurer also take a 5% economic stake in L&G itself.
The company's minimum 90 day voluntary suspension of new sales begins on 9 February, as the insurer moves to implement governance and sales-practice reforms.
India's largest insurtech platform plans to raise funds through a Qualified Institutions Placement to pursue acquisitions and partnerships, on back of strong quarterly performance.
