mba project report on idbi federal life insurance
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mba project report on idbi federal life insurance
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IDBI Federal Life Insurance Co Ltd. is a three-way joint venture of IDBI Bank, an Indian development and commercial bank; Federal Bank, one of the leading private sector private banks in India and Ageas, a multinational insurance giant based in Europe. IDBI Federal distributes its products through a multichannel network composed of Insurance Agents, Banks (IDBI Bank, Federal Bank) and Insurance Directors.

In 2006, the IDBI Bank, the Federal Bank and the Belgian-Dutch insurer Fortis Insurance International NV signed a MoU to start a life insurance company in India. The company received its license from the Indian Insurance Regulatory and Development Authority (IRDAI) in December 2007.

IDBI Fortis Life Insurance Co. Ltd. officially commenced operations in March 2008. In August 2008, the company raised the premium of more than 100 rupees in a record time of five months, becoming the new life insurance company the fastest growing in the world. private sector.

India-Sri Lanka ODI series which took place in October 2009, found a title sponsor in the main insurance IDBI Fortis. The AUM of the company crossed the Rs. 1,000 crores for the first time in March 2010.

In August 2010, the company was renamed IDBI Federal Life Insurance Company. In 2012-13, she declared her maiden winnings in record 5 years, so it was one of the fastest to do in the industry. Once more Rs. 80 crore profits for the 2013-2014 financial year and has kept its track record profitable there.
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