aegon-announces-india-joint-venture

AEGON announces India joint venture

AEGON to establish joint venture with Ranbaxy group company for insurance and asset management markets in India.
On July 7 AEGON and Religare announced that they had signed a memorandum of understanding to jointly enter the insurance and asset management markets in India.

AEGON is one of the worldÆs largest life insurance and pension companies and a provider of investment products. The Indian market has been on AEGON's radar screen since 1997 when it set up a liaison office in Delhi. At the time market regulations were not conducive to AEGONÆs plans and the liaison office did not grow into anything further. Then, in 2004, AEGON announced it had appointed Vimal Bhandari as Country Manager based in Mumbai. Bhandari had served at ILFS and was an executive director at ILFS...
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