Our reason to exist, our purpose, is to provide means for people to live a life and lifestyle of their choice. We achieve that by helping people plan for the future with life insurance.
This focus on human relationships has bolstered our growth over the years. It has helped us make a positive difference in the lives of all our stakeholders, be it our customers, employees, shareholders, or the community in general.
While we have experienced some challenging times, our willingness to prepare, perform and persevere has helped us to push through any obstacles that the road to success presents. We have declared profit for ten consecutive years while continuing to strengthen our performance on all key parameters. Our commitment to staying attuned to customers’ needs and preferences has helped us consistently remain in the top quartile of all persistency buckets.
We have been recognised as a Great Place to Work® for the fourth consecutive time, proving the success of our employee development and employee engagement programmes.
As we continue on our journey of transformation, we are confident of being able to leverage our strengths, so that we stay ahead of the curve in today’s constantly changing landscape and remain truly #FutureFearless
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Vighnesh Shahane
Managing Director & CEO,
Ageas Federal Life Insurance
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Our Shareholders
We are a joint venture between Ageas Insurance International NV, a multinational insurance giant based out of Europe and Federal Bank, one of India's leading private sector banks. Ageas holds 74% of the stake while Federal Banks share stands at 26%.
Our key milestones
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License received from IRDAI
December 2007
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First policy sold
March 2008
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Fastest to achieve Rs 100 crore sales mark
August 2008
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Breaks-even within 5 years, among the fastest in the industry
March 2013
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Reached Rs. 1000 crore sales mark
March 2015
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Moved to its new headquarters in Mumbai
October 2016
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Awarded Top 10 Most Trusted Life Insurance Brands in the country by ET Brand equity for the second time in a row
February 2018
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Became the only new age life insurance company to wipe out all accumulated losses
August 2018
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Sachin Tendulkar signed on as the Brand Ambassador
September 2018
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Demonstrated Business Resilience and Agility during Covid-19 outbreak
May 2020
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Ageas increased stake to 49%
December 2020
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Company name changed to Ageas Federal Life Insurance
January 2021
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Recognised among ‘India’s Top 30 Best Workplaces in BFSI 2021’ by Great Place to Work®
April 2021
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Recognised as one of ‘India’s Top 3 Best Workplaces in the Insurance sector’ by Great Place to Work®
June 2021
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Recorded tenth consecutive year of net profit
March 2022
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Ageas increased its overall stake to 74%
September 2022
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Became the first Life Insurance company in India to have 74% stake held by a foreign partner
September 2022
Awards and Accolades
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Leadership Team
At Ageas Federal Life Insurance, employees are encouraged to create the life and lifestyle of their choice. Meet the leaders who make it possible.