Digital life insurance coverage firm Aegon Life has been acquired by Bandhan Monetary Holdings.
As of this deal, Bandhan Monetary Holdings (BFHL) is now a promoter of Aegon Life Insurance coverage, a big milestone for Aegon Life Insurance coverage Firm.
As well as, the deal by BFHL ensures that Aegon Life’s legacy of innovation and customer-centric methods will proceed to thrive with a digital distribution community.
Moreover, continuity might be maintained close to Aegon Life employees.
Karni Singh Arha, managing director, BFHL, stated: “India’s life insurance coverage market, given its measurement and potential, is essential to changing into a diversified monetary companies group. Given Bandhan’s focus of constructing formal monetary companies obtainable to lots, this acquisition additional enhances that endeavour. We deeply recognize Aegon Life’s digital capabilities and its skilled administration staff and collectively we look ahead to leveraging their digital power with Bandhan’s distribution experience to develop this enterprise.
Satishwar B., MD and CEO, Aegon Life, added: “This marks an exhilarating new starting – the synergy between our tech-centric operations and Bandhan’s in depth distribution capabilities will develop the attain of our revolutionary insurance coverage options throughout the nation. As we be part of the Bandhan household, we lengthen heartfelt due to Aegon and BCCL for his or her unwavering assist, and we eagerly anticipate a future full of thrilling potentialities.”
Entry probably the most complete Firm Profiles
in the marketplace, powered by GlobalData. Save hours of analysis. Acquire aggressive edge.
Firm Profile – free
pattern
Thanks!
Your obtain e mail will arrive shortly
We’re assured concerning the
distinctive
high quality of our Firm Profiles. Nonetheless, we wish you to take advantage of
useful
resolution for what you are promoting, so we provide a free pattern that you may obtain by
submitting the under kind
By GlobalData
