135, 19th Dec, 07. 1 Photos. 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 India’s leading [peacock term] private sector banks and Ageas, a multinational insurance giant based out of Europe. … The Company is a joint venture of IDBI Bank, India’s premier industrial development bank, Federal Bank, a major Indian commercial bank and Ageas, a multinational insurance giant based out of Europe. Additionally, this plan also provides the benefit of Death Cover, which basically provides financial assistance to your family in your absence. IDBI Federal Life Insurance is one of India’s growing life insurance companies and offers a diverse range of wealth management, protection and retirement solutions to individual and corporate customers. IDBI Federal Life Insurance Company offers different types of life insurance plans. The company earlier operated under the name of IDBI Fortis Life Insurance Company and later in 2010 when Fortis changed its name to Aeges, the name of the company was changed too. IDBI Federal Life Insurance 1. IDBI Federal Life Insurance employee benefits and perks, which include health insurance benefits, transport facilities, work from home policy, education assistance, etc. This plan offers guaranteed payout at the time of maturity, if all due premiums are paid. IDBI Bank has completed the sale of its 23% stake to Ageas on the last date of 2020 for Rs 507 crore. Presently, IDBI Bank has completed the sale of its 23% stake to Ageas pursuant to receipt of the requisite regulatory approvals. IDBI Federal Life Insurance Company rebranded as Ageas Federal Life Insurance Company IDBI Bank has completed sale transaction of its 23% stake in IDBI Federal Life Insurance Company to Ageas Insurance International JV on 31 December 2020 pursuant to receipt of the requisite regulatory approvals. IDBI Federal Life Insurance Company offers a range of traditional / Investment plans to its customers to meet all their savings and protection related needs. The work culture is good and all team members are supportive in nature The promotion and salary increment is very slow. It is moving from Good to Great. Is this your company? Read more about working at IDBI Federal Life Insurance. These plans are simple enough to understand and offer a range of coverage benefits. As one of India's growing life insurance companies, IDBI Federal Life Insurance offers a diverse range of wealth management, protection and retirement solutions to individual and corporate customers. IDBI Bank was also planning to sell a 4 percent stake to Federal Bank in the life insurance JV. IDBI Federal Life Insurance is a life insurance company in India that offers a wide range of protection, retirement, and capital management solutions to individual and corporate customers.. Corporate Identity Number (CIN) – U66010MH2007PLC167164. 76 Salaries. As of 2015, IDBI Federal Life had provided almost 7 lakh policies to customers throughout the country. IDBI Federal Life Insurance is a joint venture of IDBI Bank, one of the fastest growing and premier commercial and development bank of India, as well as Federal Bank, one of the most sought after private banks in the country as well as Ageas, which is a multinational insurance company in Europe. Whether you are in need of a retirement plan or an endowment plan or a child plan, you can count on the organisation to give you tailor-made solutions according to your preferences. IDBI Federal Life Insurance Guaranteed Income Plan offers customers an end-to-end digital process for ease of purchase, as well as quick issuance of the policy. They offer a variety of policies with unique benefits and features that ensures that customers get exactly what they are looking for. IRDAI Registration No. IDBI Federal Life Insurance. Official Mobile Application from “IDBI Federal Life Insurance Company Limited”. IDBI Federal Life Insurance Guaranteed Income Plan launched with host of benefits. IDBI Bank share rose 4% in trade today after the lender completed stake sale of 23% in joint venture IDBI Federal Life Insurance Company to Ageas Insurance International NV. Kolkata: IDBI Federal Life Insurance Company has now been rebranded as Ageas Federal Life Insurance Company with Ageas Insurance International raising its stake to 49% in it from 26%. This is a fixed-term participating endowment policy which offers dual benefit of not only providing life cover but also help build long-term savings. 27 Benefits. 324 IDBI Federal Life Insurance Reviews by current and past employees about salary & benefits work culture skill development career growth job security work-life balance and more. IDBI Federal Life Insurance | 31,610 followers on LinkedIn. Formed as a joint venture between IDBI Bank and Federal Bank, IDBI Federal Life insurance is one of the leaders in the insurance space. STUDY OF CUSTOMER RETENTION IN IDBI FEDERAL LIFE INSURANCE CORPORATION LIMITED A Project Report submitted in partial fulfillment of the requirements for the award of the degree of Masters of Business Administration by U.SINDHU 11MBA0108 Under the Guidance of Prof. Sudipto Battacharya PhD VIT Business School fostering innovation JULY 2012 1 Moreover, the company provides complete online assistance for customers’ queries and feedbacks. IDBI Federal Life Insurance Co. Ltd. has introduced the special Lifesurance Savings Plan. This application is developed to service needs of our esteemed customers. Registered Address: IDBI Federal Life Insurance Co Ltd, 22nd Floor, A Wing, Marathon Futurex, N. M. Joshi Marg, Lower Parel (East),Mumbai 400013, India. 71 Inter­views. The bank's shareholding in the insurance joint venture now stands at 25% from 48%. Insurance is the subject matter of the solicitation. Using this application our customers can get their policy related information on their fingertips. It is a guaranteed plan that allows the customer to accumulate considerable savings to meet your responsibilities in life. 202 Reviews. This brings IDBI Bank's shareholding in IFLI to 25 % from earlier shareholding at 48%. Following this transaction, the joint venture has been rebranded to Ageas Federal Life Insurance Company. Termsurance Life Protection Insurance Plan, offered by , is a non-linked, non-participating , which offers several benefits such as return on premium upon maturity, different premium payment options (regular and single), high sum assured discounts and discounts on premium for women among others.You can customise your plan based on your specific financial requirements. Reported by 119 IDBI Federal Life Insurance employees. IDBI Federal Termsurance – Increasing Cover- The Life Cover increases by 10% of the initial Sum Assured every year without any further medical underwriting. IDBI Federal Wealthsurance Growth Insurance SP Plan. Company Overview FAQ. IDBI Federal Life Insurance Guaranteed Income Plan offers customers an end-to-end digital process for ease of purchase, as well as quick issuance of the policy. IDBI Bank is likely to sell 23 per cent stakes in IDBI Federal Life Insurance Co to Belgian multinational insurer Ageas Insurance International. 140 reviews from IDBI Federal Life Insurance employees about IDBI Federal Life Insurance culture, salaries, benefits, work-life balance, management, job security, and more. The company designs a specific category of plans for each individual. Know key features 1 min read. Pursuant to sale of 23% holding representing 18,40,00,000 shares to Ageas for a consideration of Rs.507.10 crore, IDBI Bank's shareholding in IFLI now stands at 25% from the earlier … Empowering you to create the life and lifestyle of your choice | Hello. This is subject to approval by the Reserve Bank of India. IDBI Federal Life Insurance is an Good company and works to employee work life balance. IDBI Federal Life Insurance benefits and perks, including insurance benefits, retirement benefits, and vacation policy. 2 Jobs. IDBI Federal Wealthsurance Growth Insurance Plan SP is a unit linked insurance plan whereby investing premium only once, you can accumulate your wealth. Furthermore, in case the customer confirms himself to be a healthy individual, no medicals are required under this plan. IDBI Federal Life Insurance Co. Ltd offers an array of customized group insurance plans that take care of an employee’s financial interests and helps the employers to show that they are committed towards the welfare of the employees. IDBI Federal Termsurance – Level Cover with Return of Premium - The life cover is uniform throughout the policy term but the premiums paid towards this plan is returned as Maturity Benefit when the policy matures. IDBI Federal Life Insurance is a leading private insurance provider that offers multiple categories of insurance plans for each purpose. The premiums charged by the company are also affordable. These group plans provide financial stability to the group members. Overview Overview. IDBI Federal Life Insurance is a joint venture between IDBI Bank, Federal Bank and Ageas, a multinational insurance giant based in Europe. 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