Ageas Federal Life Insurance coverage and CSB Financial institution forge an trade first

Mumbai, sixteenth October 2025:Ageas Federal Life Insurance coverage, certainly one of India’s main and quickest rising personal life insurers, has introduced a strategic SME Bancassurance Partnership with CSB Financial institution, to broaden the attain of life insurance coverage options amongst Small and Medium Enterprises (SMEs) and Particular person entrepreneurs, on a pan India foundation.

Backed by the Ageas Group’s world experience in SME Life Insurance coverage, this Strategic Partnership permits CSB Financial institution and Ageas Federal toserve prospects with complete monetary options that mix credit score, financial savings, and Life insurance coverage.

By way of this collaboration, prospects of CSB Financial institution, particularly the Small and Medium Enterprises (SMEs) can entry bespoke life insurance coverage options designed to guard and safeguard the person’s enterprise continuity, wealth, and their households’ monetary safety.

CSB Financial institution, which presently operates 834 branches and 800 ATMs throughout the nation, is steadily remodeling right into a new-age personal sector financial institution that permits prospects to borrow, transact, save, and make investments seamlessly.

By integrating Ageas Federal’s progressive safety choices inside its suite of monetary merchandise corresponding to dwelling loans, enterprise loans, and SME credit score traces, CSB Financial institution goals to allow prospects to construct a complete, protection-led monetary journey.

Mr Pralay Mondal, M.D. & CEO, CSB Financial institution, stated: “We’re happy to accomplice with Ageas Federal Life Insurance coverage to carry complete safety choices to our prospects.

Our financial institution has all the time targeted on empowering SME prospects with versatile and clear monetary providers. This collaboration permits prospects to combine credit score, financial savings, and insurance coverage inside their banking relationship, supporting long-term monetary safety.”

Mr. Jude Gomes, M.D. & CEO, Ageas Federal Life Insurance coverage, stated: “Ageas Federal Life Insurance coverage is redefining the distribution area with progressive, first-in-market and digitally enabled options.

We’re continuously serving and addressing prospects’ wants extra successfully, in the direction of this, our strategic partnership with CSB Financial institution marks a major milestone in our Bancassurance progress journey – notably for the SMEs and particular person entrepreneurs in India.

By combining CSB Financial institution’s deep-rooted buyer belief and powerful nationwide presence together with our progressive buyer centric options, we intention to serve purchasers with simple and superior insurance coverage experiences. This partnership is a shared dedication in the direction of realising the regulator’s imaginative and prescient of Insurance coverage for All.”

With India’s rising entrepreneurial ecosystem and rising NRI monetary participation, the Ageas Federal–CSB Bancassurance partnership marks an essential step in increasing life insurance coverage attain. It ensures that prospects, whether or not operating a enterprise, managing abroad revenue, or planning for household safety, can entry built-in monetary options below one roof.

Collectively, Ageas Federal Life Insurance coverage and CSB Financial institution are dedicated to redefining Bancassurance excellence, empowering prospects to plan, shield, and prosper with confidence.

About Ageas Federal Life Insurance coverage

Ageas Federal Life Insurance coverage, certainly one of India’s main personal life insurers affords a various vary of wealth administration, safety, and retirement options to particular person and company prospects.

Ageas Federal Life Insurance coverage Co Ltd is a three way partnership of Ageas, a multinational insurance coverage large based mostly out of Europe and Federal Financial institution, certainly one of India’s main personal sector banks.

Having commenced operations in 2008, Ageas Federal was in a position to obtain breakeven inside simply 5 years; the Firm’s ardour for innovation and progress helped it obtain this feat.

By way of a nationwide community of three,770+ branches together with accomplice financial institution branches, and a sizeable community of advisors, Ageas Federal Life Insurance coverage has achieved presence throughout the size and breadth of the nation.

As of March 31, 2025, the Firm has issued over 19.71 lakh insurance policies with a sum assured of over ₹ 27,558 crores. Ageas Federal Life Insurance coverage has complete property below administration of over ₹18,956 crore and a strong capital base of over ₹800 crores as of March 31, 2025.

About CSB Financial institution Restricted:

We’re one of many oldest personal sector banks in India with an existence of over 100 years. Whereas our Financial institution has a protracted working historical past as a conventional financial institution, we’re at the moment specializing in implementing strategic modifications in enterprise mannequin to perform effectively like a full-service new age personal sector financial institution.

Now we have a robust base in Kerala together with important presence in Tamil Nadu, Maharashtra, Karnataka and Andhra Pradesh. We provide a variety of services and products to our buyer, with explicit deal with SME, Retail, and NRI prospects.

We ship our services and products by means of a number of channels, together with 834 branches and 800 ATMs/CRMs (as on 30/06/25) unfold throughout the nation and numerous alternate channels corresponding to debit playing cards, web banking, cellular banking, level of sale providers and UPI. CSB Financial institution is listed on each NSE and BSE.

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