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.
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. In this venture, IDBI Bank owns 48% equity while Federal Bank and Ageas own 26% equity each.
Commenced it operations in 2008, IDBI Federal was able to achieve breakeven within just 5 years, thanks to the vast nationwide network of 2137 partner bank branches of IDBI Bank and Federal Bank. Mr. Mahesh Keni is the CEO of IDBI Federal Life Insurance Company Ltd.
IBDI Federal was recognized as the ‘Best Insurance Company in the Private Sector’ for the year 2013 -2014 at the Lokmat Banking, Financial Services & Insurance Awards.
In 2009, the company received the PMAA Awards for best Dealer/Sales force Activity, conferred with the status of ‘Master Brand 2012-13’ by the CMO Council USA and CMO Asia and EFFIE Award for effective advertising in 2011.
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IDBI Federal Life Insurance Company offers its services through a vast nationwide network across the branches of IDBI Bank and Federal Bank in addition to a sizeable network of advisors and partners.
For payment through online, policyholder must visit e-portal of company.
and provide the relevant policy information to enter the site and check the current status of your policy.
You can track you application from the above link in case you have recently applied.
The process is simple. Fill the suitable claims form and submit the medical bills and reports and other documents as requested by the company to the nearest branch. The claim amount will be directly deposited in your bank account.