Template:Infobox company Bandhan Life Insurance Limited (formerly known as Aegon Life Insurance Company) is an Indian life insurance company offering individual and group insurance online and offline.[1][2] Founded in 2008, it is headquartered in Mumbai, India.
Until 2024, it was a joint venture between Dutch Aegon N.V., a multinational insurance, pensions and asset management company and The Times Group (also called Bennett, Coleman & Co.)[3]
In February 2024, it was announced that the firm was acquired by Bandhan Financial Holdings Ltd.[4] On April 19, 2024, Aegon Life was officially rebranded as Bandhan Life.[5][6][7]
Corporate history
In July 2006, AEGON and the Ranbaxy Group announced its intention to enter the insurance business in India. The partnership of AEGON, Religare & Bennett, Coleman & Company formed AEGON Religare Life Insurance Company Limited and launched in July 2008.Template:Cn
In 2015, Aegon increased its stake in the venture to 49% while Religare Enterprises announced it was exiting the venture[8][9] by selling its entire shareholding in the company, 44%, to Bennett, Coleman and Company, the holding company of the Times Group.[10] This led to the rebranding from Aegon Religare Life Insurance Company to Aegon Life Insurance Company.[3]
In September 2019, it partnered with Paytm to offer comprehensive insurance products.[11] In March 2020, the company entered into partnership with Flipkart to sell paperless life insurance policies on their platform.[12]
Recognition
- In 2019, Aegon Life Insurance was awarded as eBusiness Leader – Medium & Small at World BFSI Award by World BFSI Congress.[13]
- Aegon Religare Life Insurance awarded as E-Business Leader by Indian Insurance Award in 2013.[14]
- In 2025, Bandhan Life was certified as a Great Place to Work®.[15]
See also
References
- ↑ After going 100% online, Aegon Life Insurance looks at slow, but steady growth path(September 21, 2018).
- ↑ Aegon Life to focus on term insurance for growth. The Times of India(July 23, 2018).
- ↑ 3.0 3.1 Aegon Religare Life Insurance renamed as Aegon Life Insurance. The Economic Times(7 December 2015).
- ↑ Bandhan Financial Holdings completes acquisition of Aegon Life. Retrieved 2024-03-16.
- ↑ Exclusive: Aegon Life to soon become Bandhan Life Insurance - ET BFSI, www.ETBFSI.com. ETBFSI.com. Retrieved 2024-04-19.
- ↑ Get Term Life Insurance Policy Online | Bandhan Life. www.bandhanlife.com. Retrieved 2024-04-19.
- ↑ Aegon Life Insurance gets new identity, will now be called "Bandhan Life'. The Economic Times(2024-04-19). Retrieved 2024-04-19.
- ↑ BCCL to buy out Religare stake in life insurer. Business Standard(13 May 2015).
- ↑ Religare to exit life insurance venture with Aegon. VCCircle(26 September 2014).
- ↑ BCCL to buy Religare's 44% stake in life insurer Aegon Religare. VCCircle(14 May 2015).
- ↑ Aegon Life to sell insurance through Paytm to strengthen digital presence(September 29, 2019).
- ↑ Flipkart teams up with Aegon to sell life insurance policies(March 16, 2020).
- ↑ World BFSI Award Winners 2019. Worldbfsicongress.com.
- ↑ AEGON Religare Life Insurance awarded as E-Business Leader by Indian Insurance Award(July 20, 2013).
- ↑ Bandhan Life Earns Great Place to Work® Certification. ANI News. Retrieved 2025-04-16.