Sign In
Subscribe

Ageas Federal Life Insurance, CSB Bank forge SME Bancassurance pact

Close-up of two men's handshake symbolizing agreement in an office.

Ageas Federal Life Insurance has announced SME Bancassurance partnership with CSB Bank, to expand the reach of life insurance solutions among Small and Medium Enterprises and individual entrepreneurs, on a pan India basis.

Backed by the Ageas Group’s global expertise in SME Life Insurance, the strategic partnership enables CSB Bank and Ageas Federal to serve customers with comprehensive financial solutions that combine credit, savings and life insurance.

Through this collaboration, customers of CSB Bank, especially the Small and Medium Enterprises can access bespoke life insurance solutions designed to protect and safeguard the individual’s business continuity, wealth and their families’ financial security.

CSB Bank, which presently operates 834 branches and 800 ATMs across the country, is steadily transforming into a new-age private sector bank that enables customers to borrow, transact, save and invest seamlessly.

By integrating Ageas Federal’s innovative protection offerings within its suite of financial products such as home loans, business loans and SME credit lines, CSB Bank aims to enable customers to build a comprehensive, protection-led financial journey.

Pralay Mondal, MD and CEO, CSB Bank said the bank has always focused on empowering SME customers with flexible and transparent financial services.

The collaboration allows customers to integrate credit, savings, and insurance within their banking relationship, supporting long-term financial security.

Jude Gomes, MD and CEO, Ageas Federal Life Insurance said the strategic partnership with CSB Bank marks a significant milestone in Bancassurance growth journey, particularly for the SMEs and individual entrepreneurs in India.

By combining CSB Bank’s customer trust and strong national presence along with innovative customer centric solutions, Ageas aims to serve clients with easy and superior insurance experiences, he said

With India’s growing entrepreneurial ecosystem and increasing financial participation by NRIs, the Ageas Federal–CSB Bancassurance partnership marks an important step in expanding life insurance reach, it said.

 

Source: The Hindu Business Line

Top Stories

Related Articles

Shopping Cart

Media Kit

    Data Protection

    Personal Data (“Data”) submitted for Media Kit (“Media Kit”), and/or collected in the form of first name, last name, email address and other contact details may be used for the purposes of inviting you to future events and for reaching out to you with content which may be of interest to you. For these purposes, Coeus Intelligence will share the Data with our associate companies (including event and content sponsors) to promote their products and services. If you would like to opt-out, email us at [email protected].

    By clicking Submit, you acknowledge that you consent/ have sufficient informed consent to the collection, use and disclosure of Data as set out above.

    Contact Us

      Data Protection

      The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

      Request Nomination Pack

        Data Protection

        The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

        Registration Form

          Data Protection

          The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

          Registration Form

            Data Protection

            The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

            The world’s preeminent Private Banks and Wealth Managers are demonstrating a committed drive in innovation, advisory, new products and services to meet the sophisticated needs of their clients.

            COVID-19
            Amid economic activity revival on the back of the Covid-19 vaccine program, organisations moving from business continuity plans to stable working environments, together with the slightest improvement in unemployment numbers, forced the world to adjust to new realities. Coming to terms with the “new normal”, global investors are now on the look-out for attractive and stable investment opportunities.

            Needs of Private Wealth customers and families worldwide have drastically changed due to the pandemic and banks have had to accelerate efforts to deploy a multi-channel service strategy and safeguard clients’ businesses and wealth against negative impacts of economic uncertainly.

            The Global Private Banking Innovation Awards will recognise the world’s best private banks, wealth managers and asset managers that are championing innovation across advisory, service, products, customer experience and more.

            Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. 

            Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

            Request Nomination Pack

            Error: Contact form not found.