Mumbai, 15th October 2025: Ageas Federal Life Insurance has entered into a strategic SME Bancassurance partnership with CSB Bank, marking a first in India. The collaboration aims to expand life insurance solutions for Small and Medium Enterprises (SMEs) and individual entrepreneurs across the country.
Leveraging Ageas Federal’s global expertise in SME life insurance and CSB Bank’s extensive national presence, the partnership enables customers to access integrated financial solutions combining credit, savings, and life insurance. The initiative is designed to protect business continuity, personal wealth, and family financial security, offering SMEs and entrepreneurs tailored insurance solutions that complement their financial planning.
CSB Bank, with 834 branches and 800 ATMs nationwide, is steadily evolving into a modern private sector bank, providing seamless access to loans, transactions, savings, and investments. By embedding Ageas Federal’s protection offerings into its financial products—including business loans, home loans, and SME credit lines—CSB Bank empowers its customers to build a comprehensive, protection-led financial journey.
Mr. Pralay Mondal, M.D. & CEO of CSB Bank, said the partnership will bring holistic protection solutions to their customers, integrating credit, savings, and insurance to support long-term financial security.
Mr. Jude Gomes, M.D. & CEO of Ageas Federal Life Insurance, highlighted that the collaboration strengthens their digital and innovative distribution strategy, enabling SMEs and individual entrepreneurs to enjoy superior, customer-centric insurance experiences. He added that the partnership aligns with the regulator’s vision of “Insurance for All.”
With India’s entrepreneurial ecosystem growing and NRI financial participation increasing, the Ageas Federal–CSB Bank partnership represents a significant step in making life insurance more accessible and integrated for businesses and individuals, helping customers plan, protect, and prosper with confidence.
