Ageas

How Ageas Federal Life Insurance MD & CEO stays mentally, physically fit

I don't think there is anything called work-life balance; it is only work-life integration, says Vignesh Shahane

Ageas Federal Life Insurance launches Multicap Fund in ULIP portfolio

This fund is designed to deliver returns by strategically investing in a diversified portfolio of listed companies spanning various market caps

IDBI Bank completes sale of entire stake of Ageas Federal Life Insurance

Belgium-based Ageas Insurance International has completed the acquisition of a majority stake in its Indian joint venture Ageas Federal Life Insurance (AFLIC), picking up 25 per cent stake of IDBI Bank for Rs 580 crore. With this, it has become the first foreign partner in the Indian life insurance sector to own a majority stake of 74 per cent. In the non-life segment, it was Italy's financial services major Generali which raised its stake in Future Generali India Insurance to 74 per cent in May this year. Last fiscal, the Indian government allowed foreign players to raise their stakes in Indian joint venture insurance firms up to 74 per cent from 49 per cent earlier as a move to attract investment as well as to increase insurance penetration in the country. "Ageas completes the acquisition of a majority stake in the Indian life insurance joint venture Ageas Federal Life," Ageas said in a release. The global insurer said it has acquired the additional 25 per cent stake (from IDBI

IDBI Bank to sell 25% stake in Ageas Federal Life Insurance for Rs 580 cr

The transaction is expected to be completed in Q2FY23, subject to regulatory approvals and satisfaction of the terms and conditions set out in the share purchase agreement.

IDBI Bank to sell balance stake in Life Insurance JV to Ageas

The board of directors has approved to sell IDBI Bank's entire stake of 200 million equity shares in AFLI to Ageas pursuant to exercise of Call Option by Ageas.

IDBI Bank sells 23% stake in its life insurance arm to Ageas for Rs 507 cr

With this, Ageas will hold 49% in the insurance venture, which is being rebranded as Ageas Federal Life Insurance Company

Eng vs WI: Bowlers put West Indies in commanding position against England

For West Indies, Gabriel picked three wickets while Chase and Joseph scalped two wickets each

Ageas to acquire 40% stake in Royal Sundaram Insurance for Rs 15.2 bn

Royal Sundaram is one of the top 10 players in the general insurance market with strong positions in motor and health insurance

Ageas to acquire 40% stake in Royal Sundaram for Rs 15.2 billion

Royal Sundaram is one of the top 10 players in the general insurance market with strong positions in motor and health insurance