The collaboration aims to enhance financial awareness, risk management, and strategic financial planning for India’s MSME sector.
A Strategic Partnership for MSME Growth
Ageas Federal Life Insurance (AFLIC) has entered into a strategic partnership with the Chamber of Indian Micro, Small & Medium Enterprises (CIMSME) to promote financial literacy, life insurance awareness, and effective financial planning among MSMEs in India.
This collaboration will establish a cooperative framework between CIMSME and AFLIC, focusing on:
- Educating MSMEs on financial best practices from India and global markets.
- Enhancing risk management capabilities through tailored life insurance solutions.
- Providing insights into financial planning to help businesses scale and manage uncertainties.
Commitment to Economic Progress and MSME Empowerment
Jude Gomes, MD & CEO of Ageas Federal Life Insurance, emphasized the importance of this partnership in fostering MSME growth:
“At Ageas Federal Life Insurance, we are deeply committed to contributing to the nation’s economic progress. Our collaboration with CIMSME is a pivotal step toward offering best-in-class life insurance solutions to the MSME segment—the dynamic backbone of India’s economy.”
He also highlighted AFLIC’s plans to conduct research-driven engagement programs that will deliver insightful contributions to the MSME sector.
Equipping MSMEs with Financial Planning Tools
Mukesh Mohan Gupta, President, CIMSME, shared his perspective on the partnership:
“Our strategic partnership with Ageas Federal Life Insurance marks a significant milestone in our mission. It’s not just about raising awareness but also equipping MSMEs with essential financial planning tools and empowering them to scale their businesses while effectively managing risks.”
By working together, CIMSME and AFLIC aim to create a sustainable support system that strengthens financial decision-making among MSMEs.
Key Focus Areas of the Partnership
This collaboration will introduce several industry-wide initiatives, including:
- Knowledge-sharing platforms where MSMEs can engage with financial experts, advisors, and industry peers.
- In-depth research studies to understand MSME financial needs and create targeted financial solutions.
- Workshops and training programs to provide practical insights into financial management and risk mitigation.
Empowering MSMEs for Long-Term Success
With this initiative, Ageas Federal Life Insurance and CIMSME are set to transform financial literacy in India’s MSME sector. By fostering greater financial awareness, risk management strategies, and access to expert guidance, the partnership aims to drive the economic upliftment of MSMEs across the country.
