Ageas Federal Life Insurance

A look at Ageas Federal Life Insurance's commitments towards sports beyond cricket.

Interview | Will make a serious attempt to look at inorganic growth options now, says Ageas Federal Life Insurance CEO Vighnesh Shahane

Although the company has been open for inorganic options for a few years, it will make a serious attempt now, said Shahane.

Need to get a credible bank as replacement for IDBI Bank: Ageas Federal Life CEO

Since IDBI Bank is now owned by LIC, it won’t be selling Ageas Federal insurance policies anymore. Ageas acquired an additional stake of 23% from IDBI Bank in Ageas Federal Life Insurance for around Rs 460 crore. Now, Ageas holds 49% in the insurer, and Federal Bank 26%.

IDBI Federal Life Insurance renamed as Ageas Federal Life Insurance after stake sale

Post the transaction, IDBI Bank will hold 25 percent stake in the life insurer, while Ageas will hold 49 percent in the insurance arm of IDBI Bank Limited.