IDBI Federal Life Insurance Company Ltd. is one the leading life insurance service providers in India and aims to cater the needs of the customers with a wide range of innovative services. Its products and services are designed for both corporate as well as individual customers. The company is a joint partnership of IDBI Bank and Ageas. The former is among India’s topmost private banks and the latter is an international insurance player based in Europe. Right now it has a nationwide presence with 2964 branches of both Federal and IDBI Bank.
IDBI Federal Life has been in operation since 2008 and within 5 years of operations, it has been able to accomplish breakeven. All credit goes to the entire team of the company for their zeal for innovation and development that has helped them get going. According to the figures of 31st March 2015, the company has sources about 7.88 Lakh policies with an amount covered more than 41,856 Crore. The assets under management of the company is 4,087 Crore as well as a strong capital base of more than 800 Crore (31st March 2015).