IDBI Federal Life Insurance company is one of the uprising life insurance companies in India. IDBI Federal Life Insurance was previously known as IDBI Fortis Life Insurance

The organisation is a joint venture of IDBI, India’s forefront development and commercial bank and Federal Bank, one of India’s commanding private sector banks and Ageas, a multinational insurance behemoth based in Europe.

As on March 31, 2017, the company has issued a massive amount of nearly 10.29 lakh policies.

The firm’s innovation and growth tactics encouraged it to scale great elevations in the country only in a span of 5 years from its origin in 2008. The company possesses a good portfolio of extending its customers with wealth management, protection and retirement solutions.

IDBI Federal Life Insurance offers insurance products in the following domains :

• Life Insurance Plans
• Term Insurance Plans
• ULIPs
• Retirement Plans
• Child Plans
• Group Insurance Plans
• Health Insurance Plans
• Saving Plans

The Edge Offered by IDBI Federal Life Insurance Company Ltd.

• 100% claims were settled for the year 2015-2016
• In 2008, the firm became one of the most agile developing life insurance companies of India by acquiring premium of over 100 crores in a span of just five months.
• Users can avail rebates on high sum assured.
• Distinctive discounts for female lives.

Claim Settlement Ratio

In 2018-2019, IDBI Federal Life’s claim settlement ratio was 96.45%.