Aegon Life Insurance to renew focus on online business

Aegon Life Insurance -the earliest joint ventures to go fully compliant under the `Indian managed' and `Indian owned' guidelines -has drawn up plans for growing its online direct sales business.

"By increasing its stake to 49% from 26%, Aegon has reiterated its commitment to India. We received regulatory approval for the new structure on November 27," said Aegon Life CEO K S Gopalakrishnan.

Gopalakrishnan said the company will have a renewed focus on digital technology and analytics. “You will see us investing more and more in digital technology and online business,“ he said, adding, with half the population below age 25 and
4G set to be launched, the country is getting more digital.