IDBI Federal Life Insurance Co Ltd. is a joint-venture of IDBI Bank, India's premier development and commercial bank, Federal Bank, one of India's leading private sector banks and Ageas, a multinational insurance giant based out of Europe. 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. The company offers its services through a vast nationwide network 2,308 partner bank branches of IDBI Bank and Federal Bank in addition to a sizeable network of advisors and partners. As on March’31’2016 company has issued 8.23 lakh policies with sum assured of 51,918 crores during the same period last year the company has issued 7.88 lakh policies with a sum assured of 41,856 crores. They have achieved 40% growth on industry growth of 12%.

Contact Details

  • idbifederal.com
  • 454, Shree Shanmugapriya, Cross Cut Road, Ponnaiyan Street, Coimbatore, TamilNadu