November 23, 2017 4:42 PM ET

Insurance

Company Overview of IDBI Federal Life Insurance Company Limited

Company Overview

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

Oasis Complex

Kamala City

P. B. Marg, Lower Parel (West)

Mumbai,  400 013

India

Founded in 2007

Phone:

91 22 2490 8109

Fax:

91 22 2494 1016

Key Executives for IDBI Federal Life Insurance Company Limited

Chief Executive Officer and Whole-Time Director
Chief Financial Officer
Chief Operating Officer
Chief Marketing Officer and Chief Distribution Officer – West
Senior Vice President of Risk Management
Compensation as of Fiscal Year 2017.

IDBI Federal Life Insurance Company Limited Key Developments

IDBI Federal Life Seeks 100% Stake Sale

IDBI Bank Limited (BSE:500116), The Federal Bank Limited (NSEI:FEDERALBNK) and ageas SA/NV (ENXTBE:AGS) are seeking to sell 100% stake in IDBI Federal Life Insurance Company Limited and has started the process of hiring investment banks to manage the sale, Mint reported July 26, 2017, citing "two people directly aware of the matter. The company is hoping for a valuation of around 30 billion Indian rupees, including a control premium, and expects to attract bids from all major domestic insurers. Citigroup Inc. and Credit Suisse AG have submitted proposals to manage the stake sale, the people told the news outlet.

Federal Bank Has No Plans To Sell Stake In IDBI Federal Life Insurance

The Federal Bank Limited (NSEI:FEDERALBNK) is not planning to make an exit from IDBI Federal Life Insurance Company Limited, Federal Bank Managing Director & Chief Executive Officer Shyam Srinivasan confirms.

IDBI Federal Life Insurance In Talks For 100% Stake Sale

ageas SA/NV (ENXTBR:AGS), IDBI Bank Limited (BSE:500116) and The Federal Bank Limited (NSEI:FEDERALBNK) are reportedly seeking to sell 100% stake in IDBI Federal Life Insurance Company Limited,which would potentially lead to a complete exit for all three stakeholders, two people directly aware of the matter said. IDBI Federal has initiated the process of hiring investment banks to manage the sale and received proposals from Citibank and Credit Suisse, the people cited above said on condition of anonymity. "The company is seeking a valuation upwards of INR 30 billion, including a control premium," said the first person mentioned above.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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