IDBI Federal Life Insurance
IDBI Federal Life Insurance is a joint venture of IDBI bank (India’s premier development and commercial bank), Federal bank (India’s private sector banks) and Ageas (an international insurance company). IDBI Federal offers wide range of product to customer via vast nationwide network across the branches of IDBI Bank and Federal Bank. After getting the IRDA approvals, It has offers it first set of product in 2008. As in 2012, it has issued 3.56 lakh policies with Rs. 20220 crores. The bank offers various services including working capital facilities, lease finance, loan syndication and legal and technical advisory services to its corporate clients.
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