IDBI Fortis Life Insurance Company Ltd
IDBI Fortis Life Insurance Company Ltd: IDBI Fortis Life Insurance Co. Ltd, is a joint venture among three leading financial conglomerates-India's premier development and commercial bank, IDB!, India's leading private sector bank, Federal Bank and Europe's premier Bancassurer, Fortis, each of which enjoys a significant status in their respective business segments. In this venture, IDB! owns 48 percent equity while Federal Bank and Fortis own 26 percent equity each.
IDBI Fortis launched its first set of products across India in March 2008, after receiving the requisite approvals from the Insurance Regulatory Development Authority (IRDA). At present the IDB! Fortis Life Insurance Company offers their services through a vast nationwide network across the branches of IDB! Bank and Federal Bank in addition to a sizeable network of advisors and partners.
The company delivers the products that provide value and convenience to the customer. Through a continuous process of innovation in product and service delivery it leads to deliver world-class wealth management, protection and retirement solutions to Indian customers.