Vakrangee partners with Ageas Federal Life Insurance to expand life insurance access across India
By Aman Shukla Published on June 23, 2025, 15:08 IST
Vakrangee Limited (IRDAI Registration Code: CA0249) has announced a strategic distribution partnership with Ageas Federal Life Insurance Company Limited , one of India's fastest-growing private life insurers. This collaboration aims to improve life insurance accessibility and drive financial inclusion across the country.
Under the partnership, Vakrangee will distribute Ageas Federal's wide range of life insurance products through its extensive network of 22,986 Vakrangee Kendras. These Kendras are present across 32 States, 609 Districts, and 5,835 Postal Codes, enabling deep penetration into underserved and rural markets.
This move is expected to play a critical role in addressing India's insurance protection gap while aligning with the government's vision for inclusive financial growth.
Vedant Nandwana, Managing Director of Vakrangee Ltd., stated:
'We are proud to partner with Ageas Federal Life Insurance to extend life protection and financial services across India. Our extensive last-mile distribution network empowers citizens with convenient access to essential insurance products, right at their doorstep. This partnership enhances our commitment to improving the financial well-being of millions of Indians.'
Ahmedabad Plane Crash
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
2 hours ago
- Business Upturn
Cochin Shipyard secures order for two 70 T Bollard Pull Tugs from Polestar Maritime
Cochin Shipyard Limited (CSL), one of India's premier shipbuilders, has recently informed exchanges that the company secured a fresh order from Polestar Maritime Limited for the construction of two powerful 70-ton Bollard Pull Tugs. These vessels are expected to be delivered in May 2027 and September 2027, respectively. This new order comes on top of three similar tugs already under construction by Udupi Cochin Shipyard Limited (Udupi-CSL), a wholly owned CSL subsidiary. Polestar Maritime, a well-known name in harbour tug services and marine assistance across ports, is expanding its fleet with high-performance, India-built vessels. The tugs will be built based on designs by Robert Allan Ltd., a global leader in tugboat design. Both CSL and Udupi-CSL are playing a key role in bringing these advanced tug designs to India under the Government of India's Approved Standard Tug Design and Specifications (ASTDS) framework—part of the broader 'Atma Nirbhar Bharat' initiative to boost local manufacturing. The vessels will be jointly constructed at CSL's Cochin yard under a work-share model with Udupi-CSL. Each tug will be powered by twin 1838 kW engines and 2.7-meter propellers supplied by Niigata IHI Power Systems, Japan. With four tugs already delivered and 20 more—18 regular and 2 green tugs—in the pipeline, CSL continues to make steady progress in strengthening India's shipbuilding capabilities. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
8 hours ago
- Business Upturn
Titagarh Rail secures Rs 430.53 crore order for Pune Metro
By Aman Shukla Published on June 28, 2025, 15:22 IST Titagarh Rail Systems Limited, along with its associate company Titagarh Firema S.p.A, has received a Letter of Approval from Maharashtra Metro Rail Corporation Limited for the supply of 12 additional trainsets for the Pune Metro Rail Project. The order is a variation under Clause A.6 of the original contract (P1/RS-01/2018), which covers the design, manufacture, supply, testing, commissioning of electrical multiple units (EMUs), and personnel training. This latest addition brings the total order value for this variation to approximately ₹430.53 crore. This development builds on the earlier contract awarded in August 2019 and reflects Maha-Metro's continued trust in the Titagarh group for delivering high-quality rolling stock solutions. The contract is to be fulfilled within a 30-month timeframe. The order is entirely domestic and aligns with the broader infrastructure push for metro rail networks across Indian cities. With this project, Titagarh Rail Systems further strengthens its position in the urban mobility segment. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
10 hours ago
- Business Upturn
Rainbow Children's Medicare acquires majority stake in Prashanthi Hospital
By Aman Shukla Published on June 28, 2025, 14:30 IST Rainbow Children's Medicare Limited (RCML) has announced the acquisition of a majority stake in Prashanthi Medicare Private Limited, a reputed 100-bed NABH-accredited hospital in Warangal, Telangana. The acquisition marks a strategic expansion into tier-II cities and enhances RCML's presence in southern India. Established in 2015 by Dr. Prasanthi Macha, Prashanthi Hospital is recognized for excellence in obstetrics, gynecology, neonatology, pediatrics, and minimally invasive surgery. The hospital has built a strong regional reputation and continues to serve as a trusted destination for maternal and child healthcare in Warangal, Telangana's second-largest district. With this acquisition, RCML's total bed capacity increases to 2,035 across 20 hospitals in seven cities. The transaction, valued at approximately ₹32.60 crore (subject to working capital adjustments), is based on 9x estimated FY25 adjusted EBITDA and will be funded through internal accruals and cash reserves. RCML will acquire a 76% equity stake and 100% of the Non-convertible Redeemable Preference Shares (NCRPS), while Dr. Macha and associates will retain a 24% minority stake. Post-acquisition, the facility will operate under a dual brand: Rainbow Children's Hospital for pediatric services and Prashanthi with BirthRight for women's health services. The integration will support RCML's hub-and-spoke model, ensuring efficient referrals and clinical alignment with its Hyderabad tertiary care hub. Ahmedabad Plane Crash Rainbow Children's Medicare Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
