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Monday, April 15, 2024

Aegon Life snapped up by Bandhan Monetary Holdings


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 can be maintained close to Aegon Life workers.

Karni Singh Arha, managing director, BFHL, mentioned: “India’s life insurance coverage market, given its dimension and potential, is essential to turning into a diversified monetary providers group. Given Bandhan’s focus of creating formal monetary providers accessible to lots, this acquisition additional enhances that endeavour. We deeply recognize Aegon Life’s digital capabilities and its skilled administration group and collectively we stay up for 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 increase the attain of our modern insurance coverage options throughout the nation. As we be a 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 prospects.”

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