About IDBI Federal Life Insurance
IDBI Federal Life Insurance Co Ltd a joint-venture of IDBI Bank, India’s
premier development and commercial bank, Federal Bank, one of India’s leading private
sector banks 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. . Having started in March 2008, in just five months of inception, IDBI Federal
became one of the fastest growing new insurance companies to garner Rs 100 Cr in
premiums. Through a continuous process of innovation in product and service delivery
IDBI Federal aims to deliver world-class wealth management, protection and retirement
solutions that provide value and convenience to the Indian customer. The company
offers its services through a vast nationwide network of 2067 partner bank branches
of IDBI Bank and Federal Bank in addition to a sizeable network of advisors and
partners. As on 31st January 2013, the company has issued over 7.70 lakh policies
with a sum assured of over Rs. 25,961 Cr. IDBI Federal today is recognized as a
customer-centric brand, with an array of awards to their credit. They have been
awarded the PMAA Awards (2009) for best Dealer/Sales force Activity, EFFIE Award
(2011) for effective advertising, and conferred with the status of ‘Master Brand
2012-13’ by the CMO Council USA and CMO Asia.
About the sponsors of IDBI Federal Life Insurance Co Ltd
IDBI Bank Ltd.
continues to be, since its inception, India’s premier industrial
development bank. It came into being as on July 01, 1964 (under the Companies Act,
1956) to support India’s industrial backbone. Today, it is amongst India’s foremost
commercial banks, with a wide range of innovative products and services, serving
retail and corporate customers in all corners of the country from 1036 branches
and 1635 ATMs. The Bank offers its customers an extensive range of diversified services
including project financing, term lending, working capital facilities, lease finance,
venture capital, loan syndication, corporate advisory services and legal and technical
advisory services to its corporate clients as well as mortgages and personal loans
to its retail clients. As part of its development activities, IDBI Bank has been
instrumental in sponsoring the development of key institutions involved in India’s
financial sector –National Stock Exchange of India Limited (NSE) and National Securities
Depository Ltd, SHCIL (Stock Holding Corporation of India Ltd), CARE (Credit Analysis
and Research Ltd).
Federal Bank
Federal Bank is one of India’s leading private sector banks,
with a dominant presence in the state of Kerala. It has a strong network of over
1031 branches and 1153 ATMs spread across India. The bank provides over four million
retail customers with a wide variety of financial products. Federal Bank is one
of the first large Indian banks to have an entirely automated and interconnected
branch network. In addition to interconnected branches and ATMs, the Bank has a
wide range of services like Internet Banking, Mobile Banking, Tele Banking, Any
Where Banking, debit cards, online bill payment and call centre facilities to offer
round the clock banking convenience to its customers. The Bank has been a pioneer
in providing innovative technological solutions to its customers and the Bank has
won several awards and recommendations.
Ageas
Ageas is an international insurance group with a heritage spanning
more than 180 years. Ranked among the top 20 insurance companies in Europe, Ageas
has chosen to concentrate its business activities in Europe and Asia, which together
make up the largest share of the global insurance market. These are grouped around
four segments: Belgium, United Kingdom, Continental Europe and Asia and served through
a combination of wholly owned subsidiaries and partnerships with strong financial
institutions and key distributors around the world. Ageas operates successful partnerships
in Belgium, UK, Luxembourg, Italy, Portugal, Turkey, China, Malaysia, India and
Thailand and has subsidiaries in France, Hong Kong and UK. Ageas is the market leader
in Belgium for individual life and employee benefits, as well as a leading non-life
player through AG Insurance. In the UK, Ageas has a strong presence as the fourth
largest player in private car insurance and the over 50’s market. Ageas employs
more than 13,000 people and has annual inflows of more than EUR 21 billion.
Vision and Values
Our Vision
To be the leading provider of wealth management, protection and retirement solutions
that meets the needs of our customers and adds value to their lives.
Our Mission
To continually strive to enhance customer experience through innovative product
offerings, dedicated relationship management and superior service delivery while
striving to interact with our customers in the most convenient and cost effective
manner.
To be transparent in the way we deal with our customers and to act with integrity.
To invest in and build quality human capital in order to achieve our mission.
Our Values
- Transparency: Crystal Clear communication to our partners and stakeholders
- Value to Customers: A product and service offering in which customers perceive value
- Rock Solid and Delivery on Promise: This translates into being financially strong,
operationally robust and having clarity in claims
- Customer-friendly: Advice and support in working with customers and partners
- Profit to Stakeholders: Balance the interests of customers, partners, employees,
shareholders and the community at large
Who are we?
IDBI Federal Life Insurance Co Ltd is a joint venture between three leading financial
conglomerates – IDBI Bank, Ageas and Federal Bank. With the impressive pedigree
of these three financial giants, IDBI Federal aims to provide innovative wealth
management, life insurance, protection and retirement solutions to customers all
across India.
At IDBI Federal, we strongly believe that our human capital will play a vital role
in the delivery of our products to our customers. The IDBI Federal vision is ’to
build a customer-centric Agency Channel that sets industry benchmarks for reach,
quality and cost effectiveness.
We believe that by investing in and building human capital and recruiting the right
people we can achieve our vision.
How will we make a difference in your life?
A wise man once said that there is no greater joy than making a difference in another
person’s life. By becoming a Wealthsurance Distributor with IDBI Federal, you too
can experience that joy.
We will provide you with the necessary tools in the form of specialised training
and support to help your customers build wealth and achieve long-term financial
security for their loved ones.
Equally importantly, while helping others, you will also help yourself.
Last but not the least, by becoming an IDBI Federal Wealthsurance Distributor you
can choose the time of your work at your own convenience. Essentially, you can be
your own boss.
Wealthsurance Distributor with IDBI Federal, you too can experience that joy.
What is Your Role?
As a Wealthsurance Distributor with us, your role is not to just sell insurance.
It is about making a difference in people’s lives, an insurance sale being a by-product
of that.
As a Your role will allow you to meet people with special individual needs. You
will help them analyse their financial situation and provide them with solutions
which will help them achieve those goals and dreams.
Wouldn’t you like to be the person whom people thank when they have successfully
managed to fund their children’s higher education, retire comfortably or to build
personal wealth over the long term?
Partners in Progress
We strongly believe that our success lies in your success. Hence, we will support
you with:
- Customer-centric and easy-to-sell Innovative Products
- Investment Expertise
- Customised Training Programmes
Essentially, we will equip you with all the processes and tools necessary to create
multiple sales which in turn will lead to your success in business.
Benefits
By joining te IDBI Federal team, you get associated with one of the most respected
names in the financial industry. Additionally, you can:
- Ensure a better lifestyle for you and your family
- Augment your regular income
- Gain membership to our prestigious clubs
- Earn unlimited rewards and recognition
Sign up as an IDBI Federal Wealthsurance Distributor. Get more out of your life
by making a difference in other peoples’ lives.
