Mumbai, April 24 -- Belgium's Ageas Insurance is prepared to invest additional capital in India to break into the country's top 10 life insurers in the next three to four years, provided returns on equity remain favourable.

"If the growth is there and the return on equity is good, we will be there with the capital," Ageas Insurance's global CEO Hans De Cuyper, who is in India, told Mint. "On the life (insurance) side, we have expressed the intention to become top 10. And I understand that will require a bit more capital in the market, and we have that available."

In India, Ageas operates in the life insurance space through its venture with Federal Bank-Ageas Federal Life Insurance where it holds 70% stake; and in the general insurance s...