The Hindu Business Line : ASK Group seeks to enter insurance broking

New Delhi, Sept. 4 ASK Group, a financial services provider, plans to foray into insurance broking for which it has sought a licence from the Insurance Regulatory and Development Authority (IRDA), according to Mr Rajesh Saluja, Chief Executive Officer of ASK Wealth Advisors Private Ltd.

“We are not looking at a corporate agency. We want to distribute insurance products of various insurers.

The licence has been applied through ASK Insurance and Risk Advisors, which is a subsidiary of ASK Wealth Advisors”, Mr Saluja told Business Line here today.

He was here to announce ASK Group’s foray into ‘Financial planning and wealth advisory services’ in Northern India through ASK Wealth Advisors.

Client base

Mr Saluja said that ASK Group expects to have a client base of 3,000 in the next three years with assets under management (AUM) of $ 3-4 billion under its financial planning and wealth advisory services.

ASK Wealth Advisors is already in six cities and plans to expand to 25 cities in next three years.

It also plans to rope in about 100 business partners (chartered accountants, insurance agents etc) in the next three years to expand its footprint.

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