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IDBI Federal life insurance Co. is a composition of three major players which are IDBI Bank, India’s premier development and commercial bank, Federal Bank, one of the India’s leading private sector banks and Ageas, a multinational insurance giant based out of Europe.The company commenced its operations in 2008, IDBI Federal gained the breakeven stage within just 5 years through its continuous passion for innovation and growth.
The company has its presence through 2,964 branches of IDBI Bank and Federal Bank, and a substantial network of advisors and partners. The company has sold 7.88 lakh policies with a sum assured of over Rs. 41,856 crore. IDBI Federal Life Insurance possesses total assets under management of 4,087 crore and forceful capital base of over 800 crores, as on March 31, 2015.
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Thursday, Jul 27, 2017 10:00 AM
Federal Bank post a weak first quarter performance as net interest income (NII) declined 5 percent sequentially and there was
impact of higher provisions.
Thursday, Jun 15, 2017 10:00 AM
The life insurance industry maintained growth in May, with private players saw the annual premium equivalent (APE) increasing 38% year-on- year.
Friday, Jun 09, 2017 10:00 AM
Indian cricket legend, Sachin Tendulkar has been unveiled as the face of the IDBI Federal Life Insurance Spice Coast Marathon 2017.