Mumbai, 12 November 2025 :
Ageas Federal Life Insurance, one of India’s leading and fastest-growing private life insurers, has announced a strategic distribution partnership with Muthoot Microfin Ltd. The collaboration aims to enhance access to life insurance solutions across India, particularly among underserved customer segments such as individual entrepreneurs and Small and Medium Enterprises (SMEs).
Leveraging the global expertise of the Ageas Group, this alliance will enable Muthoot Microfin’s customers to secure comprehensive financial protection for themselves and their families through integrated financial offerings. With nearly 78% of Muthoot Microfin’s branches located in non-metro areas, the partnership is expected to play a pivotal role in deepening insurance penetration and bridging India’s protection gap.
Muthoot Microfin Ltd., known for empowering underserved communities with accessible financial solutions, will now integrate Ageas Federal Life Insurance’s innovative protection products into its existing portfolio — which includes home loans, business loans, and SME credit solutions. This collaboration will strengthen the financial ecosystem by providing holistic, protection-led offerings to customers.
Commenting on the partnership, Mr. Sadaf Sayeed, Managing Director & CEO, Muthoot Microfin Ltd., said,“We are pleased to partner with Ageas Federal Life Insurance to bring comprehensive protection options to our customers. Our focus has always been on empowering people through flexible and transparent financial services. This collaboration allows customers to integrate insurance with other financial products, fostering long-term financial security.”
Mr. Jude Gomes, Managing Director & CEO, Ageas Federal Life Insurance, added,“At Ageas Federal Life Insurance, we are redefining insurance distribution through innovative and digitally enabled protection solutions. Our partnership with Muthoot Microfin reflects our commitment to making life insurance accessible across India, particularly in emerging and underserved markets. Together, we aim to deliver meaningful and seamless insurance experiences, aligned with the regulator’s vision of ‘Insurance for All by 2047.’”
As India’s entrepreneurial landscape continues to grow, this partnership will empower citizens with convenient and affordable access to essential insurance products. Through a customer-centric approach, Ageas Federal Life Insurance and Muthoot Microfin Ltd. are working together to help individuals plan, protect, and prosper with confidence.
