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 :
In 2018-2019, IDBI Federal Life’s claim settlement ratio was 96.45%.