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MUMBAI: Bandhan Financial Holdings has renamed Aegon Life Insurance to Bandhan Life after buying the life insurer. As a part of its progress technique, the new firm has charted a 5-12 months plan to grow to be a multi-channel life insurer. It will recruit 1,000 new workers quickly. BFHL acquired its stake from BCCL and Aegon Indian Holding to grow to be the new promoter in Feb 2024.BCCL is the writer of TOI.
Bandhan Life’s MD and CEO, Satishwar B, mentioned, “Our vision for the next five years is set… We will expand our presence across all relevant product categories, thereby enhancing the services we provide.” He added, “We have heavily invested in technology and data-driven processes to keep pace with our strategy of using tech as an enabler. This combination will help us achieve our goal of growing with the new Bharat.”
In the start, Bandhan Bank is probably going to be the most important distribution accomplice given their dimension and scale. It has a presence in all buyer classes, together with mass prospects in addition to standard banking prospects, mentioned Satishwar. “While we are largely a digital company, we are not restricting sales to online. In our distribution through partners, a majority of the processes are tech-enabled, so once the customer knows what they want to buy, the rest of the process happens fast,” he mentioned.
Bandhan Life’s MD and CEO, Satishwar B, mentioned, “Our vision for the next five years is set… We will expand our presence across all relevant product categories, thereby enhancing the services we provide.” He added, “We have heavily invested in technology and data-driven processes to keep pace with our strategy of using tech as an enabler. This combination will help us achieve our goal of growing with the new Bharat.”
In the start, Bandhan Bank is probably going to be the most important distribution accomplice given their dimension and scale. It has a presence in all buyer classes, together with mass prospects in addition to standard banking prospects, mentioned Satishwar. “While we are largely a digital company, we are not restricting sales to online. In our distribution through partners, a majority of the processes are tech-enabled, so once the customer knows what they want to buy, the rest of the process happens fast,” he mentioned.
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