life insurance type joint venture industry life insurance founded march 2008 1 headquarters headquarters in mumbai india key people vighnesh shahane ceo & whole time director products life insurance number of employees 1 941 employees on roll ; over 10 000 agents website official website 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 co ltd is a three way joint venture of idbi bank an indian development and commercial bank ; federal bank one of india s leading private sector banks and ageas a multinational insurance giant based out of europe . through a nationwide network of over 2 000 branches of idbi bank and federal bank and a sizeable network of advisors and partners idbi federal life insurance has achieved presence across the length and breadth of the country . idbi federal distributes its products through a multi channel network consisting of insurance agents bancassurance partners idbi bank federal bank direct channel and insurance brokers . contents 1 history 2 see also 3 references 4 external links history edit in the year 2006 idbi bank federal bank and belgian dutch insurance major fortis insurance international nv signed a mou to start a life insurance company in india . the company received its license from insurance regulatory and development authority of india irdai in december 2007 . 3 idbi fortis life insurance co. ltd. officially began its operations in march 2008 . in august 2008 the company collected the premium of over rs .100 crore within a record time of five months thus becoming the fastest growing new life insurance company in the private sector . 4 india sri lanka odi series that took place in october 2009 found a title sponsor in insurance major idbi fortis . the company s aum crossed the rs . 1 000 crore mark for the first time in march 2010 . 5 in august 2010 the company was rechristened as idbi federal life insurance company . in 2012 13 it declared its maiden profits in record 5 years thus was one of the fastest to do so in the industry . it yet again clocked rs . 80 crore profits for the financial year 2013 14 and has maintained its profitable trajectory from thereon . 6 see also edit idbi bank idbi intech ltd. references edit idbi fortis insurance is born . dna newspaper . 2006 07 26 . idbi fortis life launches incomesurance product . business standard . 2009 11 18 . idbi fed bank fortis ink pact for risk foray . business standard . idbi fortis collects rs . 100 crore premium . the hindu . retrieved 10 september 2008 . idbi fortis to sponsor india sl series . ibn live . retrieved 23 jan 2009 . idbi federal posts maiden profit in 5 years . business standard . retrieved 4 june 2013 . external links edit idbi federal life insurance official website v t e insurance in india companies agriculture agriculture insurance company of india general bajaj allianz cholamandalam ms general insurance corporation of india hdfc ergo icici lombard national insurance new india assurance oriental insurance reliance tata aig united india shriram general insurance co. ltd. health employees state insurance esi max bupa star health life aviva india aegon religare bajaj allianz hdfc life icici prudential life insurance idbi federal life insurance indiafirst life insurance company exide life insurance previously ing vyas life india lic max life peerless group reliance sbi life sun life financial shriram life insurance co. ltd. insurance repository cdsl nsdl other insurance repository in india cisr insurance institute of india insurance regulatory and development authority irda policybazaar india rashtriya swasthya bima yojana category retrieved from https en.wikipedia.org w index.php title idbi federal life insurance & oldid 714649025 categories companies based in mumbaicompanies based in maharashtralife insurance companies of indiacompanies established in 20082008 establishments in indiahidden categories pages using infobox company with unsupported parameters navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages edit links this page was last modified on 11 april 2016 at 01 21 . text is available under the creative commons attribution sharealike license ; 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