About Ageas Federal
Ageas Federal is a company based in Mumbai (India) founded in 2007 was acquired by Ageas in May 2022.. The company has 1,794 employees as of April 06, 2024. Ageas Federal offers products and services including Magic Savings Plan, iSecure Plan, Criti Care Plan, Guaranteed Wealth Plan, and ProGrow Plan. Ageas Federal operates in a competitive market with competitors including Ethos and Quvare, among others.
- Headquarter Mumbai, India
- Employees 1794 as on 06 Apr, 2024
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Sectors
Financial Services
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Email
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Phone
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Website
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- Legal Name Ageas Federal Life Insurancecompany Limited
- Date of Incorporation 22 Jan, 2007
- Jurisdiction Mumbai, Maharashtra, India
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Products & Services of Ageas Federal
Ageas Federal offers a comprehensive portfolio of products and services, including Magic Savings Plan, iSecure Plan, Criti Care Plan, Guaranteed Wealth Plan, and ProGrow Plan. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides life cover with flexible income periods and variants.
Offers life cover and flexible policy term options.
Covers 30 critical illnesses with policy term flexibility.
Delivers guaranteed income and wealth growth benefits.
Enables market-linked returns with life cover options.
Ensures guaranteed income for retirement security.
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Funding Insights of Ageas Federal
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Ageas Federal
Ageas Federal has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Ageas. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Insurance in property, casualty, life, and pensions is offered worldwide.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Ageas Federal
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Ageas Federal
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ageas Federal Comparisons
Competitors of Ageas Federal
Ageas Federal operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ethos and Quvare, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Online life insurance platform is operated for individual coverage needs.
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Operates a usage-based life insurance platform for individuals.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ageas Federal
Frequently Asked Questions about Ageas Federal
When was Ageas Federal founded?
Ageas Federal was founded in 2007.
Where is Ageas Federal located?
Ageas Federal is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Ageas Federal?
Vighnesh Shahane is the current CEO of Ageas Federal.
How many employees does Ageas Federal have?
As of Apr 06, 2024, the latest employee count at Ageas Federal is 1,794.
What does Ageas Federal do?
Ageas Federal was founded in 2007 and is headquartered in Mumbai, India. Operations focus on a digital platform for life insurance, accessible through Android and iOS apps. Services include term plans, ULIP plans, health plans, savings plans, group plans, claim settlements, and retirement options. Coverage is extended to both individual and business clients in the insurance sector.
Who are the top competitors of Ageas Federal?
What products or services does Ageas Federal offer?
Ageas Federal offers Magic Savings Plan, iSecure Plan, Criti Care Plan, Guaranteed Wealth Plan, and 2 more products and services.
Who are Ageas Federal's investors?
Ageas Federal has 1 investor. Key investors include Ageas.
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