Does this listing belong to your company? Click here to claim this listing.
IDBI Federal Life Insurance, which was formerly known as IDBI Fortis Life Insurance, is a joint venture between three companies – IDBI Bank, Federal Bank and Ageas, a European insurance company.
Phone 1800 209 0502
Website Link

IDBI Federal Life Insurance, which was formerly known as IDBI Fortis Life Insurance, is a joint venture between three companies – IDBI Bank, Federal Bank and Ageas, a European insurance company. IDBI Federal distributes its products through a multi-channel network consisting of Insurance agents, Bancassurance partners (IDBI Bank, Federal Bank) Direct channel, and Insurance Brokers. The company was formed in 2008 with IDBI bank holding 48% equity and Ageas and Federal Bank holding 26% each. IDBI has over 2,500 branches spread over the country. IDBI Bank Ltd. is one of India’s top commercial banks offering a variety of fiscal products and services for retail and corporate customers. Federal Bank is a top private sector bank in India with leading presence in Kerala. The bank provides financial products and services for over four million retail customers. The bank also provides ingenious technological solutions to its customers.Ageas is a European international insurance company and it focuses its business in Europe and Asia. They also focus on four segments: Belgium, United Kingdom, Continental Europe and Asia.

IDBI Federal Life Insurance Co. Ltd. support number

IDBI Federal Life Insurance Company Limited provides wealth management, protection, and retirement solutions in India. Its products include Childsurance, a savings protection insurance plan; Group Microsurance Plan, which provides life insurance cover to groups, such as micro finance institutions, self help groups, and NGOs; Incomesurance, a guaranteed money back insurance plan; Lifesurance, a savings insurance plan; Loansurance and Termsurance, the group insurance plan; and Wealthsurance Suvidha, a growth insurance plan. The company offers its products and services through a network of partner bank branches of IDBI Bank and Federal Bank, and a network of advisors and partners. IDBI Federal Life Insurance Company Limited was formerly known as IDBI Fortis Life Insurance Company Limited and changed its name to IDBI Federal Life Insurance Company Limited in August 2010. The company was incorporated in 2007 and is based in Mumbai, India.

IDBI Federal Life Insurance Group Plans:

IDBI Federal Life Group Insurance Plans ensures that the financial interests and needs of a group is protected and fulfilled.

  • IDBI Federal Life Termsurance Group Insurance Plan: IDBI Federal Life Termsurance Group Insurance Plan helps the employer provide life cover insurance not only to the employees but also to customers, suppliers and affiliated groups.
  • IDBI Federal Life Group Microsurnace Plan: IDBI Federal Life Group Micro insurance Plan is designed for Micro Financial Institutions. This plan helps institutions provide life insurance to members of the group and also provide loan protection to their families.
  • IDBI Federal Life Termsurance Sampoorn Suraksha Micro-Insurance Plan: IDBI Federal Life Termsurance Sampoorn Suraksha Micro-Insurance Plan is a pure term insurance plan that offers financial protection at a very minimal cost. One can opt for either a 5 year or 10 year policy term plan.
  • IDBI Federal Loansurance Group Insurance Plan: IDBI Federal Life Loansurance Group Insurance Plan is for lending institutions. It helps institutions protect their clients’ savings and assets.
  • IDBI Federal Life Insurance Retiresurance Group Insurance Plan: It is a non-linked, non-participating insurance plan designed for employer-employee groups that will help the employer plan and manage funds for the employee’s retirement benefits.

IDBI Federal Life Insurance Company is a joint venture between IDBI Bank Limited (48%), Federal Bank (26%) and Aeges (26%). The company was earlier called IDBI Fortis Life Insurance Company. In April 2010, Fortis the foreign partner changed its name to Aeges which has resulted in the name change in this joint venture too.
IDBI Federal Life Insurance Co. Ltd. helpline numberIDBI Bank Limited, India’s premier industrial development bank is amongst India’s foremost commercial banks, with a wide range of innovative products and services, serving retail and corporate customers in all corners of the country. Federal Bank, one of India’s leading private sector banks, with a dominant presence in the state of Kerala, has a strong network across India. The bank’s span is over four million retail customers with a wide variety of financial products. Aeges, an international insurance group composed of AG Insurance, is the overall market leader in life and non-life insurance in Belgium by distributing its insurance products through the network of BNP Paribas Aeges Bank and independent insurance brokers, and Aeges Insurance International with its subsidiaries.

Contact Author Complete the fields below to contact this listing author.