Company Overview of IDBI Federal Life Insurance Company Limited
IDBI Federal Life Insurance Company Limited provides wealth management, protection, and retirement solutions in India. Its products include Childsurance, a savings protection insurance plan; Group Microsurance Plan, which provides life insurance cover to groups, such as micro finance institutions, self help groups, and NGOs; Incomesurance, a guaranteed money back insurance plan; Lifesurance, a savings insurance plan; Loansurance and Termsurance, the group insurance plan; and Wealthsurance Suvidha, a growth insurance plan. The company offers its products and services through a network of partner bank branches of IDBI Bank and Federal Bank, and a network of advisors and partners. IDBI Federal ...
First Floor, Tradeview
P. B. Marg, Lower Parel (West)
Mumbai, 400 013
Founded in 2007
Key Executives for IDBI Federal Life Insurance Company Limited
Chief Executive Officer and Whole-Time Director
Chief Distribution Officer of East
Senior Vice President of Risk Management
Compensation as of Fiscal Year 2014.
IDBI Federal Life Insurance Company Limited Key Developments
Ageas May Hike Stake In IDBI
May 20 15
ageas SA/NV (ENXTBR:AGS) may raise stake in IDBI Federal Life Insurance Company Limited. IDBI’s partner, Federal Bank Ltd. (BSE:500469) said that ageas may hike stake in IDBI to 49%. IDBI and Federal Bank are exploring the option of diluting their stake. Federal Bank’s Chief Executive Officer and Managing Director, Shyam Srinivasan told Press Trust of India, “Evaluation is going on. An independent third party agency is doing that. All aspects are being looked at for dilution of stake in favor of our foreign partner so that ageas could increase its stake up to 49%.” He also said that it is at very preliminary stage and nothing has been finalized and many things are to be looked at before reaching a decision.
IDBI Federal Life Insurance Appoints Vighnesh Shahane as the Chief Executive Officer and Whole-Time Director
Mar 13 14
IDBI Federal Life Insurance has announced the appointment of Vighnesh Shahane as the chief executive officer and whole-time director. With over 20 years of experience, Vighnesh has worked with leading financial organizations across geographies.
IDBI Federal Life Insurance Reports Earnings Results for the Financial Year 2013
Jun 5 13
IDBI Federal Life Insurance reported earnings results for the financial year 2012-2013. For the period, the company has posted a maiden profit of INR 92.4 million, focus on long term traditional life insurance products and lower costs, helped the life insurer report a profit against a loss of INR 698 million during the previous financial year.
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