As a part of their aggressive 100-branch plan, IDBI Fortis opened their branch in Delhi Today. The branch is located at Pitampura, one of the fastest growing commercial centers in Delhi. The company launched operations in March this year, leading with their innovative concept ‘Wealthsurance’.
IDBI Fortis Life Insurance is a recently launched joint-venture of IDBI, India’s premier development and commercial bank, Federal Bank, one of India’s leading private sector banks and Fortis, Europe’s banking and insurance giant.
About IDBI Fortis Life Insurance Co Ltd
IDBI Fortis Life Insurance Co Ltd, is a joint venture between three leading financial conglomerates – India’s premier development and commercial bank, IDBI, one of India’s leading private sector banks, Federal Bank and Europe’s banking and insurance giant, Fortis, each of which enjoys a significant status in their respective business segments. In this venture, IDBI owns 48% equity while Federal Bank and Fortis own 26% equity each. IDBI Fortis launched its first set of products across India in March 2008, after receiving the requisite approvals from the Insurance Regulatory Development Authority (IRDA)
