IDBI Fortis Life Insurance Company Ltd.

IDBI Fortis Life Insurance Co. Ltd. is a joint venture between three financial organizations; India's Industrial Development and Commercial Bank (IDBI), Federal Bank, and Fortis, a European banking and insurance firm. IDBI Bank owns 48 per cent equity while Federal Bank and Fortis own 26 per cent equity each.
 
The company offers wealth insurance and home insurance plans. IDBI Fortis began its operations in India in March 2008 and has its headquarters in Mumbai, India. 

 

2 Insurance product available
Term Insurance
  • Pure risk cover plan with no survival benefit
  • Protection tool against the uncertainties of life
  • Cheapest life insurance product
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ULIP Insurance
  • Protection tool with an investment option attached
  • Policy holder can choose from funds such as equity, debt, bonds, or a combination
  • Insurers offer partial withdrawals options
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