
IDBI Federal Life Insurance, now known as Ageas Federal Life Insurance, is one of India's fastest-growing life insurance companies. It is a joint venture between Ageas, Federal Bank, and IDBI Bank. The company has a strong presence throughout India, with a nationwide network of more than 3,200 branches and an extensive network of advisors and partners. Since its inception in 2008, IDBI Federal Life Insurance has achieved significant milestones, including a profit of Rs. 80 crores in March 2014 and crossing Rs. 1000 crores in total business in March 2015.
Characteristics | Values |
---|---|
Number of policies issued | 10.29 lakh as of March 31, 2017 |
Date of inception | 2008 |
Number of branches | More than 3,200 |
Premium collected in 2008 | Over 100 crores in five months |
Profit in March 2014 | Rs. 80 crores |
Total business in March 2015 | Rs. 1,000 crore |
Total premium in March 2015 | Rs. 1,516 crores |
What You'll Learn
- IDBI Federal Life Insurance is one of India's fastest-growing life insurance companies
- The company is a joint venture between IDBI Bank, Federal Bank, and Ageas
- IDBI Federal offers wealth management, protection, and retirement solutions
- The company has a strong presence throughout India
- IDBI Federal Life Insurance provides an array of life insurance policies
IDBI Federal Life Insurance is one of India's fastest-growing life insurance companies
The company was founded in 2008 and has since achieved great success, with a nationwide network of more than 3,200 branches and an extensive network of advisors and partners, giving it a strong presence throughout India. Within five years of its commencement, the company had issued nearly 10.29 lakh policies and achieved a breakeven.
IDBI Federal Life Insurance offers a diverse range of wealth management, protection, and retirement solutions to its customers. The company's innovation and growth strategy have helped it scale great heights in a short period. In 2008, the company became one of the fastest-growing life insurance companies in India by collecting a premium of over 100 crores in five months.
The company has also recorded impressive financial growth. In March 2014, it registered a profit of Rs. 80 crores, and by March 2015, it had crossed Rs. 1,000 crores in total business, with a 27% growth in total premium. IDBI Federal Life Insurance provides an array of life insurance policies to help secure the future of its customers and their loved ones.
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The company is a joint venture between IDBI Bank, Federal Bank, and Ageas
IDBI Federal Life Insurance, now known as Ageas Federal Life Insurance, is one of India's fastest-growing life insurance companies. The company is a joint venture between 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 in Europe.
Since its inception in 2008, the company has achieved break-even within five years and has a nationwide network of more than 3,200 branches and an extensive network of advisors and partners, giving it a strong presence throughout India. The company's innovation and growth strategy have helped it scale great heights in the country in a short time. By March 2017, the company had issued nearly 10.29 lakh policies.
IDBI Federal Life Insurance offers a diverse range of wealth management, protection, and retirement solutions to its customers. The company's goal is to empower people to plan for their future with life insurance. They provide an array of life insurance policies, including tax benefits, rebates on high-sum assured, and special discounts for female lives and non-smokers.
The company's performance has been impressive, with a profit of Rs. 80 crores in March 2014 and crossing Rs. 1,000 crores in total business by March 2015. The total premium for that year was Rs. 1,516 crores, a 27% growth.
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IDBI Federal offers wealth management, protection, and retirement solutions
IDBI Federal Life Insurance, now known as Ageas Federal Life Insurance, is one of India's fastest-growing life insurance companies. It is a joint venture between Ageas, Federal Bank, and IDBI Bank. The company has a strong presence throughout India, with over 3,200 branches and an extensive network of advisors and partners.
The company's wealth management solutions help individuals plan for their future and secure their financial well-being. Protection solutions are also offered to ensure individuals and their loved ones are protected in case of unforeseen events. IDBI Federal's retirement solutions provide individuals with the peace of mind that their retirement years will be financially secure.
In addition to its core offerings, IDBI Federal Life Insurance provides tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961. The company also offers rebates on high-sum assured policies and special discounts for female lives and non-smokers. With its dedicated 'Help me Buy' page and hassle-free claims process, IDBI Federal strives to make life insurance accessible and customer-friendly.
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The company has a strong presence throughout India
IDBI Federal Life Insurance, now known as Ageas Federal Life Insurance, is one of India's most prominent life insurance companies. It is a joint venture between Ageas, a multinational insurance giant based in Europe, Federal Bank, one of India's leading private sector banks, and IDBI Bank, India's premier development and commercial bank.
Since its inception in 2008, the company has grown rapidly, achieving breakeven within five years and recording a profit of Rs. 80 crores in March 2014. By March 2015, IDBI Federal had crossed Rs. 1,000 crore in total business, with a 27% growth in total premium. The company has a strong presence throughout India, with a nationwide network of more than 3,200 branches and an extensive network of advisors and partners.
IDBI Federal Life Insurance offers a diverse range of wealth management, protection, and retirement solutions to its customers. The company's innovation and growth strategy have helped it scale great heights in the country, with nearly 10.29 lakh policies issued as of March 31, 2017.
The company's rapid growth and strong presence in India can be attributed to its focus on providing affordable life insurance to its customers. IDBI Federal Life Insurance was one of the fastest-growing life insurance companies in India in 2008, collecting a premium of over 100 crores in just five months. The company's dedication to helping its customers secure their future and the lives of their loved ones has contributed to its success and expansion across the country.
With its nationwide network of branches and advisors, IDBI Federal Life Insurance has established itself as a trusted and accessible life insurance provider in India. The company's comprehensive range of life insurance policies, along with its commitment to innovation and customer satisfaction, has solidified its strong presence throughout the country.
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IDBI Federal Life Insurance provides an array of life insurance policies
IDBI Federal Life Insurance, now known as Ageas Federal Life Insurance, is one of India's fastest-growing life insurance companies. It is a joint venture between Ageas, an international insurance giant based in Europe, Federal Bank, one of India's leading private sector banks, and IDBI Bank, India's premier development and commercial bank.
Since its inception in 2008, the company has achieved a lot. It has a nationwide network of more than 3,200 branches and an extensive network of advisors and partners, giving it a strong presence throughout India. In just five months in 2008, the company collected a premium of over 100 crores. By March 2014, the company recorded a profit of Rs. 80 crores, and by March 2015, it had crossed Rs. 1,000 crores in total business.
The company's website has a dedicated 'Help me Buy' page, making it easy for customers to find the right policy for their needs. With its innovation and growth strategy, IDBI Federal Life Insurance has established itself as a prominent life insurance company in India, empowering people to plan for their future.
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Frequently asked questions
IDBI Federal Life Insurance is one of India's fastest-growing life insurance companies. It is a joint venture between IDBI, Federal Bank and Ageas.
IDBI Federal Life Insurance recorded a profit of Rs. 80 crores in March 2014. In March 2015, the company crossed Rs. 1000 crore in total business.
IDBI Federal Life Insurance's growth strategy includes offering customers wealth management, protection and retirement solutions.