To install click the Add extension button. That's it.

The source code for the WIKI 2 extension is being checked by specialists of the Mozilla Foundation, Google, and Apple. You could also do it yourself at any point in time.

4,5
Kelly Slayton
Congratulations on this excellent venture… what a great idea!
Alexander Grigorievskiy
I use WIKI 2 every day and almost forgot how the original Wikipedia looks like.
Live Statistics
English Articles
Improved in 24 Hours
Added in 24 Hours
Languages
Recent
Show all languages
What we do. Every page goes through several hundred of perfecting techniques; in live mode. Quite the same Wikipedia. Just better.
.
Leo
Newton
Brights
Milds

Ageas Federal Life Insurance

From Wikipedia, the free encyclopedia

Ageas Federal Life Insurance
Company typeJoint Venture
IndustryLife insurance
FoundedMarch 2008[1]
HeadquartersHeadquarters in Mumbai, India
Key people
Vighnesh Shahane, CEO & Whole Time Director
ProductsLife insurance
Number of employees
1,941 employees on-roll; over 10,000 agents
WebsiteOfficial Website

Ageas Federal Life Insurance Co Ltd. (Formerly known as IDBI Federal Life Insurance) is a joint-venture of Federal Bank, which is a private sector banks in India and Ageas.

Ageas Federal distributes its products through a multi-channel network consisting of Insurance agents, Bancassurance partners (IDBI Bank, Federal Bank) Direct channel, and Insurance Brokers.[2]

YouTube Encyclopedic

  • 1/3
    Views:
    6 839
    6 306
    5 943
  • Ageas Federal Life Insurance Income Protect Term plan. Monthly income best term. Cheap and best plan
  • Ageas Federal Life Insurance Young Star Plus plan. Child Education Insurance cum Saving plans.
  • AGEAS FEDERAL LIFE INSURANCE MyLife Protection Term Plan with Additional Benefit.For Info 9999067007

Transcription

History

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]

In 2020 Ageas increased its share in joint venture to 49% and later to 74% in 2022, upon full exit of IDBI form from the joint venture, the global insurer acquired the additional 25 per cent stake (from IDBI Bank) for a total cash consideration of Rs 5.8 billion (EUR 73 million) and renamed the company as an Ageas Federal.[7]

Key people

  • Vighnesh Shahane as CEO and Director (Full time)
  • Lalitha Bhatia as Chief Operating Officer (COO)[8]

See also

References

  1. ^ "IDBI-Fortis Insurance is born". DNA. 26 July 2006.
  2. ^ "IDBI Bank's insurance JV sale not that easy". The Economic Times. 14 December 2017.
  3. ^ "IDBI, Fed Bank, Fortis ink pact for risk foray". Business Standard.
  4. ^ "IDBI Fortis collects Rs. 100 crore premium". The Hindu. 9 September 2008. Retrieved 14 April 2015.
  5. ^ "IDBI Fortis to sponsor India-SL series". IBN Live. Archived from the original on 14 April 2015. Retrieved 23 January 2009.
  6. ^ "IDBI Federal posts maiden profit in 5 years". Business Standard. Retrieved 4 June 2013.
  7. ^ "IDBI Bank completes sale of entire stake of Ageas Federal Life Insurance". 22 September 2022.
  8. ^ "Online Sales, Contactless Underwriting Game Changer For Insurance Sector In COVID Times". Moneycontrol. 21 May 2021. Retrieved 10 September 2021.
This page was last edited on 26 March 2024, at 19:58
Basis of this page is in Wikipedia. Text is available under the CC BY-SA 3.0 Unported License. Non-text media are available under their specified licenses. Wikipedia® is a registered trademark of the Wikimedia Foundation, Inc. WIKI 2 is an independent company and has no affiliation with Wikimedia Foundation.