About IDBI Federal Life Insurance Co. Ltd.
IDBI Federal Life Insurance company is one of the uprising life insurance companies in India. IDBI Federal Life Insurance was previously known as IDBI Fortis Life Insurance
The organisation is a joint venture of IDBI, India’s forefront development and commercial bank and Federal Bank, one of India’s commanding private sector banks and Ageas, a multinational insurance behemoth based in Europe.
As on March 31, 2017, the company has issued a massive amount of nearly 10.29 lakh policies.
The firm’s innovation and growth tactics encouraged it to scale great elevations in the country only in a span of 5 years from its origin in 2008. The company possesses a good portfolio of extending its customers with wealth management, protection and retirement solutions.
IDBI Federal Life Insurance offers insurance products in the following domains :
- Life Insurance Plans
- Term Insurance Plans
- Retirement Plans
- Child Plans
- Group Insurance Plans
- Health Insurance Plans
- Saving Plans
The Edge Offered by IDBI Federal Life Insurance Company Ltd.
- 100% claims were settled for the year 2015-2016
- In 2008, the firm became one of the most agile developing life insurance companies of India by acquiring premium of over 100 crores in a span of just five months.
- Users can avail rebates on high sum assured.
- Distinctive discounts for female lives.
Claim Settlement Ratio
In 2018-2019, IDBI Federal Life’s claim settlement ratio was 96.45%.