New Delhi, March 19, 2024: Ageas Federal Life Insurance, one of India’s leading private life insurers, proudly announces its recognition as among the top Kincentric Best Employers 2024, a highly prestigious acknowledgment globally. The company is among India’s Top Best Employers recognized by globally renowned Kincentric.
This prestigious recognition is part of Kincentric’s detailed evaluation, which honours organizations that excel at nurturing their workforce, promoting employee engagement, and fostering growth and improve their employee practices to get better results in business. based on a thorough evaluation by the globally renowned Kincentric platform, honors organizations that excel at nurturing their workforce, promoting employee engagement, and fostering growth. It is part of Kincentric’s detailed evaluation, which acknowledges companies that improve their employee practices to get better results in business.
Delighted with the recognition Mr. Kapil Udaiwal, Chief Human Resources Officer at Ageas Federal Life Insurance said, “We take great pride in being acknowledged as a Kincentric Best Employer in 2024. This recognition underscores our ongoing commitment to nurturing a workplace culture where employees feel appreciated, empowered, and motivated to thrive. Moreover, being recognized as a Best Employer for the second time by Kincentric goes beyond receiving a trophy; it signifies a dedication to continually prioritizing the experiences of our people.”
“As we commemorate this significant milestone, we extend our sincere appreciation to our employees, whose commitment and enthusiasm are integral to our accomplishments,” adds Udaiwal.
As part of its ‘Employee First’ philosophy, Ageas Federal Life Insurance empowers its employees by:
Building a diverse workforce and ensuring fair and equal treatment for all employees. This includes fostering a culture of continuous learning and caring for their health and well-being. The dual focus from both immediate and top leadership serves as a distinguishing factor in enhancing engagement.
Implementing measures and policies aimed at enhancing the physical, mental, and financial well-being of employees. Furthermore, providing learning and development opportunities to improve skills, assume additional responsibilities, and progress within the company. This includes a well-articulated and widely embraced Employee Value Proposition (EVP), a robust alignment with the business strategy, and a workforce that feels appreciated.
Providing enhanced insurance coverage in various ways to provide better financial protection and peace of mind for its employees and their families.
The company’s dedication to providing an exceptional employee experience has earned them consistent recognition including as a Great Place to Work® for five consecutive years. The company has also been featured amongst ‘India’s Best Workplaces in BFSI – Top 50’ by the Great Place to Work® Institute (India) for the third time.
About Ageas Federal Life Insurance
Ageas Federal Life Insurance is one of India’s growing life insurance companies and offers a diverse range of wealth management, protection, and retirement solutions to individual and corporate customers. Ageas Federal Life Insurance Co Ltd is a joint venture of Ageas, a multinational insurance giant based out of Europe and Federal Bank, one of India’s leading private sector banks.
Having commenced operations in 2008, Ageas Federal was able to achieve breakeven within just five years; the Company’s passion for innovation and growth helped it achieve this feat. Through a nationwide network of 3,200+ branches including partner bank branches, and a sizeable network of advisors, Ageas Federal Life Insurance has achieved presence across the length and breadth of the country. As of March 31, 2023, the Company has issued over 16 lakh policies with a sum assured of over ₹1,37,632 crores. Ageas Federal Life Insurance has total assets under management of over ₹15,129 crore and a robust capital base of over ₹800 crores as of March 31, 2023.
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