Ageas Federal Life Insurance Partners with Muthoot Microfin to Expand Life Insurance Access Across India
Together, the two institutions are committed to building a financially secure India, enabling customers to plan, protect, and prosper with confidence
Ageas Federal Life Insurance, one of India’s fastest-growing private life insurers, has announced a strategic distribution partnership with Muthoot Microfin Ltd., aimed at expanding access to affordable and comprehensive life insurance solutions across the country.
The partnership focuses on enhancing financial inclusion by reaching underserved customer segments, including individual entrepreneurs, small business owners, and SMEs. With nearly 78% of Muthoot Microfin’s branches located in non-metro and rural regions, the collaboration will play a crucial role in deepening life insurance penetration and bridging India’s protection gap.
Leveraging the global expertise of the Ageas Group, the partnership enables Muthoot Microfin’s customers to secure their financial futures through integrated protection offerings. Customers availing home loans, business loans, or SME credit solutions from Muthoot Microfin will now also gain access to innovative life insurance products from Ageas Federal Life Insurance — creating a comprehensive, protection-led financial ecosystem.
Mr. Sadaf Sayeed, Managing Director and CEO of Muthoot Microfin Ltd., said: “We are pleased to partner with Ageas Federal Life Insurance to bring comprehensive protection options to our customers. We have always focused on empowering our customers with flexible and transparent financial services. This collaboration allows customers to integrate insurance along with other financial products and services, supporting long-term financial security.”
Mr. Jude Gomes, Managing Director and CEO of Ageas Federal Life Insurance, added: “Ageas Federal Life Insurance is redefining insurance distribution through innovative, digitally enabled protection solutions. Our partnership with Muthoot Microfin reflects our commitment to making life insurance accessible to customers across India, especially those in emerging and underserved markets. Together, we aim to deliver easy, meaningful, and superior insurance experiences aligned with the regulator’s vision of ‘Insurance for All by 2047.’”
With India’s growing entrepreneurial ecosystem and the increasing participation of grassroots enterprises, the Ageas Federal–Muthoot Microfin alliance empowers citizens with convenient, doorstep access to essential insurance products. Together, the two institutions are committed to building a financially secure India, enabling customers to plan, protect, and prosper with confidence.
