Bandhan Financial completed the acquisition of a 56% stake in Aegon Life Insurance from Aegon.

Bandhan Financial, a financial institution, completed the acquisition of a 56% stake in Aegon Life Insurance, a joint venture with Bennett, Coleman & Co, from Aegon, a life insurance, pensions and asset management company. Financial terms were not disclosed. “I would like to thank our Aegon Life colleagues for their commitment and professionalism in meeting the needs of our customers in India. I believe that Bandhan will be a good home for the employees and policyholders of Aegon Life and I wish them all the success in the future,” Marco Keim, Aegon CEO.