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Insurance Chronicle Magazine:
AEGON Religare Life Insurance Company Limited
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AEGON Religare Life Insurance Company Limited is a joint venture between AEGON, Religare and Bennett, Coleman & Company Limited (BCCL). The company started its operations in July 2008, with an initial investment of Rs. 350 cr. The company's shareholders are Religare, AEGON and BCCL. The Religare owns 44% stock of the company, while BCCL owns 30% and remaining 26% stake rests with AEGON. The company is a new entrant in the Indian life insurance market, which is dedicated to build a firm future, both for customers and employees, by balancing a local approach with the power to expand in global operations.

 
 

AEGON was founded in 1983, after the merger of two Dutch insurers, AGO and Ennia. However, the company's history goes back to the middle of the 19th century, when it first started as a company providing burial funds to customers in Netherlands. It is one of the world's largest life insurance and pension groups, as well as an investment product provider. It is headquartered in The Hague, Netherlands, and it employ's almost 32,000 people worldwide. Its businesses serves more than 40 million customers in over 20 markets throughout the Americas, Europe, Asia, with major operations in the United States, the Netherlands and the United Kingdom.

Although the company is registered in the Netherlands, it is listed on four separate stock exchangesAmsterdam, London, New York and Tokyo. It manages EUR351 bn in revenue by generating investments. AEGON has more than 160 years of experience, starting from 1844.

Religare has ventured into alternative investments sphere through its holistic arts initiative and film fund. It has also partnered with Vistaar Entertainment to launch India's first Sebi-approved film fund. With a view to expand and diversify, it has launched India's first wealth management joint venture under the brand name `Religare Macquarie Private Wealth'. The company operates through seven domestic regional offices, 43 subregional offices, and has its presence in 498 cities and towns controlling 1,837 business locations all over India.

 
 

Insurance Chronicle Magazine, AEGON Religare Life Insurance, Bennett, Coleman & Company Limited, BCCL, Financial Services, Insurance Broking, Wealth Management, Portfolio Management Services, Personal Financial Services, Investment Banking, Institutional Broking Services, Guaranteed Return Product, GRP.