Ageas Federal Life Insurance and CSB Bank forge SME Bancassurance partnership

Ageas Federal Life Insurance, one of India’s leading and fastest growing private life insurers, has announced a strategic SME Bancassurance Partnership with CSB Bank, to expand the reach of life insurance solutions among Small and Medium Enterprises (SMEs) and Individual entrepreneurs, on a pan India basis.

The strategic partnership would enable 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 (SMEs) can access bespoke life insurance solutions designed to protect and safeguard the individual’s business continuity, wealth, and their families’ financial security.

CSB Bank operates across 834 branches and 800 ATMs in India. 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 & CEO, CSB Bank, said: “We are pleased to partner with Ageas Federal Life Insurance to bring comprehensive protection options to our customers. Our bank has always focused on empowering SME customers with flexible and transparent financial services. This collaboration allows customers to integrate credit, savings, and insurance within their banking relationship, supporting long-term financial security.”