About

IDBI Federal Life Insurance Co. Ltd is a venture of IDBI Bank, Federal Bank (India) and Ageas Insurance International. The Certificate of Registration has been issued by the Insurance regulator IRDA to this Insurance Company on 19th December 2007. According to the agreement, IDBI will have a 48-per cent stake in the venture, while Ageas and Federal Bank would have 26-per cent stake each. While IDBI and Federal Bank are major Indian banks, Ageas has the expertise of bancasurance across global markets. It is one of the best names in the insurance business in Europe and has successful joint ventures in various Asian countries. IDBI Federal Life Insurance has become 13th life insurer in India.


About IDBI BANK:-


It is an India's premier development and commercial bank. It came into existence on July 01, 1964 to support Indian industries. It is currently10th largest development bank in the world in terms of reach with 2700ATMs, 1700 branches including one overseas branch at DIFC, Dubai and 766centres including two overseas centres at Singapore & Beijing.


About Federal Bank: -


It is one of the India's leading private sector banks, with a dominant presence in the state of Kerala. It has a strong network of over 1,550branches and 2,700 ATMs spread across India. It was the first bank who started Internet based banking system.


About Ageas: -


It is an international insurance group with a heritage spanning more than180 years. It is ranked among the top 10 insurance companies in Europe. Ageas operates successful partnerships in Belgium, UK, Luxembourg, Italy, Portugal, Turkey, China, Malaysia, India and Thailand and has subsidiaries in France, Hong Kong and UK.


In this venture, IDBI Bank owns 48% equity while Federal Bank and Ageas own 26% equity each. Having started in March 2008, in just five months of inception, IDBI Federal became one of the fastest growing new insurance companies by garnering Rs.100 Cr in premiums. Through a continuous process of innovation in product and service delivery IDBI Federal aims to deliver world-class wealth management, protection and retirement solutions that provide value and convenience to the Indian customer. We are the 2ndinsurance company in India who did the break even in first 5 yrs of its operation. The company offers its services through a vast nationwide network 3,500 partner bank branches of IDBI Bank and Federal Bank in addition to a sizeable network of advisors and partners. As on 31st March

2015, the company has issued nearly 7.88 lakh policies with a sum assured of over Rs. 41,856 cr. IDBI Federal Life has total assets under management of Rs. 4087 cr and a robust capital base of over 800cr, as on March 31st2015.


Why IDBI Federal?


• Association with India fastest growing life insurance companies.

• On successful completion students will be eligible to compete for the Best Project Certificate and the Best Performance Certificate from the company.

• Hands on exposure to help develop strategic thought and business acumen.

• Opportunity to contribute positively on a project to enhance perspective and further understanding of business concepts.



Contact Details

  • www.idbifederal.com
  • IDBI Federal Life Insurance Co. Ltd. 907,908, 9th Floor, Kanchanjunga Building, Barakhamba Road, Connaught Place, New Delhi

Location