Bandhan Financial Holdings enters Indian life insurance market

Acquisition reinforces group's commitment to innovation and customer-centricity

Bandhan Financial Holdings enters Indian life insurance market

Life & Health

By Roxanne Libatique

Bandhan Financial Holdings Ltd has taken a significant step by becoming the new promoter of Aegon Life Insurance Co.

The transition occurred through the transfer of shares from Aegon India Holding B.V. and Bennett, Coleman and Co. Ltd. to Bandhan Financial Holdings, according to NDTV Profit's report.

Entrance to life insurance sector

This development underscores Bandhan Financial Holdings' entry into the Indian life insurance domain.

“We deeply appreciate Aegon Life's digital capabilities and its experienced management team and together, we look forward to leveraging their digital strength with Bandhan's distribution expertise to grow this business,” said Karni Singh Arha, managing director of Bandhan Financial Holdings, as reported by NDTV Profit.

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