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Ageas Federal Life Insurance Expands Reach with Muthoot Microfin Partnership
11 Nov
Summary
- Ageas Federal Life Insurance partners with Muthoot Microfin to expand life insurance coverage
- Focus on underserved markets and small business owners
- Leverages Muthoot Microfin's extensive branch network in non-metro regions
As of November 11, 2025, Ageas Federal Life Insurance has announced a strategic distribution partnership with Muthoot Microfin Ltd. The collaboration aims to expand life insurance coverage across India, with a particular focus on underserved markets and small business owners.
The partnership will leverage Muthoot Microfin's extensive branch network, with approximately 78% of its locations operating in non-metro regions. This will enable Ageas Federal Life Insurance to reach individual entrepreneurs and small and medium enterprises, addressing India's protection gap by integrating life insurance products with Muthoot Microfin's existing financial offerings, including home loans, business loans, and SME credit solutions.
Jude Gomes, the MD & CEO of Ageas Federal Life Insurance, emphasized that this partnership reflects the company's commitment to making life insurance accessible to customers across India, especially those in emerging and underserved markets. This aligns with the regulator's 'Insurance for All by 2047' vision.
