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 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 crores. IDBI Federal Life Insurance possesses total assets under management of 4,087 crores and a capital base of over 800 crores, as on March 31, 2015. The latest Claim Settlement Ratio (CSR) of IDBI Federal life for FY 2018-19 is 95.79%.
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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.