Bengaluru, February 17, 2025 – Ageas Federal Life Insurance (AFLIC) and the Chamber of Indian Micro, Small & Medium Enterprises (CIMSME) have announced a strategic partnership to boost financial literacy and awareness among MSME members. The collaboration will focus on promoting life insurance awareness, effective financial planning, and sharing best practices for the growth and development of the Indian MSME sector.
This partnership aims to provide MSMEs with practical knowledge in financial literacy, risk management, and strategic financial planning. Activities will include impactful engagement programs and research-backed insights to contribute to the nation’s economic progress.
“We are committed to supporting India’s economic growth,” said Jude Gomes, MD & CEO of Ageas Federal Life Insurance. “Partnering with CIMSME allows us to offer best-in-class life insurance solutions to the MSME segment, a vital part of our economy. We look forward to conducting impactful programs and contributing valuable insights to this sector.”
Mukesh Mohan Gupta, President of CIMSME, added, “This partnership with Ageas Federal Life Insurance is a significant step in our mission. We aim to equip MSMEs with essential financial planning tools, empowering them to scale their businesses while managing risks effectively. Together, we are dedicated to making a real difference in the economic upliftment of MSMEs across India.”
The collaboration will also facilitate knowledge sharing opportunities through platforms connecting MSMEs with financial experts, advisors, and peers. Furthermore, the organizations will conduct research to better understand the financial needs of MSMEs and develop targeted solutions.
