![]() | This article contains content that is written like
an advertisement. (April 2021) |
![]() | |
Formerly | Aegon Life Insurance Company |
---|---|
Company type | Private company |
Industry |
Financial services Insurance |
Founded | 2008 |
Founders |
|
Headquarters | |
Area served | India |
Key people | Satishwar Balakrishnan (MD and CEO) [1] |
Products | Insurance |
Owner |
|
Website |
www |
Bandhan Life Insurance Limited (formerly known as Aegon Life Insurance Company) is an Indian life insurance company offering individual and group insurance online and offline. [2] [3] Founded in 2008, it is headquartered in Mumbai, India.
Until 2024, it was a joint venture between Dutch Aegon N.V., a multinational insurance, pensions and asset management company and The Times Group (also called Bennett, Coleman & Co.) [4]
In February 2024, it was announced that the firm was acquired by Bandhan Financial Holdings Ltd. [5] On April 19, 2024, Aegon Life was officially rebranded as Bandhan Life. [6] [7] [8]
In July 2006, AEGON and the Ranbaxy Group announced its intention to enter the insurance business in India. The partnership of AEGON, Religare & Bennett, Coleman & Company formed AEGON Religare Life Insurance Company Limited and launched in July 2008.
In 2015, Aegon increased its stake in the venture to 49% while Religare Enterprises announced it was exiting the venture [9] [10] by selling its entire shareholding in the company, 44%, to Bennett, Coleman and Company, the holding company of the Times Group. [11] This led to the rebranding from Aegon Religare Life Insurance Company to Aegon Life Insurance Company. [4]
In September 2019, it partnered with Paytm to offer comprehensive insurance products. [12] In March 2020, the company entered into partnership with Flipkart to sell paperless life insurance policies on their platform. [13]
Aegon Life Insurance's distribution channels include banks, individual agents, brokers, and corporate agents, bancassurance partners, among others. [14] The company offers term insurance plans, savings and investment plans, child plans, and unit-linked insurance plans (ULIPs). In May 2018, the company launched the 'iTerm' plan, which offers insurance cover up to 100 years. [15] It launched a new version of its 'iTerm' Insurance Plan in November 2019 [16] that provides regular monthly income after the age of 60. [17] [18] [19]
![]() | This article contains content that is written like
an advertisement. (April 2021) |
![]() | |
Formerly | Aegon Life Insurance Company |
---|---|
Company type | Private company |
Industry |
Financial services Insurance |
Founded | 2008 |
Founders |
|
Headquarters | |
Area served | India |
Key people | Satishwar Balakrishnan (MD and CEO) [1] |
Products | Insurance |
Owner |
|
Website |
www |
Bandhan Life Insurance Limited (formerly known as Aegon Life Insurance Company) is an Indian life insurance company offering individual and group insurance online and offline. [2] [3] Founded in 2008, it is headquartered in Mumbai, India.
Until 2024, it was a joint venture between Dutch Aegon N.V., a multinational insurance, pensions and asset management company and The Times Group (also called Bennett, Coleman & Co.) [4]
In February 2024, it was announced that the firm was acquired by Bandhan Financial Holdings Ltd. [5] On April 19, 2024, Aegon Life was officially rebranded as Bandhan Life. [6] [7] [8]
In July 2006, AEGON and the Ranbaxy Group announced its intention to enter the insurance business in India. The partnership of AEGON, Religare & Bennett, Coleman & Company formed AEGON Religare Life Insurance Company Limited and launched in July 2008.
In 2015, Aegon increased its stake in the venture to 49% while Religare Enterprises announced it was exiting the venture [9] [10] by selling its entire shareholding in the company, 44%, to Bennett, Coleman and Company, the holding company of the Times Group. [11] This led to the rebranding from Aegon Religare Life Insurance Company to Aegon Life Insurance Company. [4]
In September 2019, it partnered with Paytm to offer comprehensive insurance products. [12] In March 2020, the company entered into partnership with Flipkart to sell paperless life insurance policies on their platform. [13]
Aegon Life Insurance's distribution channels include banks, individual agents, brokers, and corporate agents, bancassurance partners, among others. [14] The company offers term insurance plans, savings and investment plans, child plans, and unit-linked insurance plans (ULIPs). In May 2018, the company launched the 'iTerm' plan, which offers insurance cover up to 100 years. [15] It launched a new version of its 'iTerm' Insurance Plan in November 2019 [16] that provides regular monthly income after the age of 60. [17] [18] [19]