The minimum tenure of this policy is 10 years and the applicant must be at least 18 years old to join the scheme. The customer service committee comprises members of the senior management of the idbi federal life insurance co. Jul 28, 2014 idbi federal life insurance summer internship report 1. Its main aim is to achieve build quality human capital. This is the idbi federal life insurance company profile. Federal bank, one of indias leading peacock term private sector banks and ageas, a multinational insurance giant based out of europe.
Idbi federal life insurance is a progressive insurance company that has been operating in india for several years. Total premium revenue earned by the company in fy18 stands at rs 17. This is to inform you that idbi federal life insurance co. Additional accidental death benefit at nominal cost. Submitted in partial fulfillment of pgdm pgdm batch 2015. Idbi federal life insurance company limited, 1st floor, trade view, oasis complex, kamala city, p. It is a participating plan with limited and regular premium payment option.
Idbi federal healthsurance plan compare insurance policies. Insurance is the subject matter of the solicitation. The vision of this insurance company is to offer retirement, wealth and protection solutions. The company is a joint venture of idbi, indias premier development and commercial bank and federal bank, one of indias leading private sector banks and ageas, a multinational insurance giant based out of europe. The idbi federal life insurance company is the joint venture of federal bank and idbi bank. Sudipto battacharya phd vit business school fostering innovation july 2012 1. Investment preferences differ from person to person, as each individual behaves differently while investing. A study on investment preference and behaviour of individual. Idbi federal life insurance, which was formerly known as idbi fortis life insurance, is a joint venture between three companies idbi bank, federal bank and ageas, a european insurance company. Idbi federal, endeavors to deliver products that provide value and convenience to the customer through a continuous process of innovation in product and service delivery started in march 2008, in just five months of inception it became one of the fastest growing new insurance companies to garner rs 100 cr in premiums. Ltd a joint venture between three leading financial conglomerates india s premier development and commercial bank, idbi india s leading private sector bank, federal bank, india and europe s premier bancassurer, fortis, netherlands idbi owns 48% equity, federal bank and fortis idbi bank 48% federal bank 26%. This summer project report has the requisite standard and to the best of our knowledge, no part of it has been. You can also visit the nearest idbi federal branch or contact the nearest idbi bank or federal bank branch to forward the grievance to idbi federal.
A study on financial performance using ratio analysis of bhel, trichy 33 ghosh santanu kumar and mondal amitava 2009 study on the relationship of intellectual capital and finance performances for a period of 10 years from 1999 to 2008 of 70 indian banks. Irdaficirinv0670420 irda inv 5th amnt reg june 20 uin vs sfin reco anx ii uin vs sfin reconciliation report for june 20. Ltd is a joint venture of three companies, idbi bank ltd, one of indias topnotch commercial and development bank, federal bank, one of the strongest banks of india in the private sector and ageas, a. Idbi federal life wealth plans idbi federal life ulip plans. This is a research report on project on idbi bank uploaded by sayed arif in category. Idbi federal distributes its products through a multichannel network consisting of insurance agents, bancassurance partners idbi bank. Great customer service and advanced technology ensures that this company is among the best insurance providers present in the market today. The insurance providers offer a variety of products to businesses and. Idbi federal life insurance buy plan at lowest premiums.
Idbi federal life insurance co ltd formerly known as idbi fortis life insurance is a. Idbi federal life insurance insurance savings plan. Internship report on idbi federal life insurance 2268 words. Idbi federal life wealthsurance growth insurance plan. Idbi federal project report sampling statistics recruitment. Idbi federal life insurance summer internship report slideshare. All content is posted anonymously by employees working at idbi federal life insurance. Growth in insurance premiums has been averaging at 11. Idbi federal life insurance co ltd is a jointventure of idbi bank, indias premier. Project report on comparative study of financial performance of state bank of india and bank of barodaname of student.
Summer internship project in idbi fedral life insurance. Project report on insurance sector format and objectives. Idbi federal life insurance co ltd, trade view, oasis complex, kamala city, p. Study on the promotional strategies of idbi federal life insurance. Idbi federal healthsurance plan is a comprehensive health plan. Retiresurance milestone pension plan from idbi federal life insurance. Good support from mentors for making data for project available during intern ship. Missouri, recharge with sbi net banking, icici bank project report mba, excel. Irdaficirinv0670420 irda inv 5th amnt reg july 20 uin vs sfin reco anx ii uin vs sfin reconciliation report for july 20. The ceo of idbi federal life insurance company is vighnesh shane. Internship project report on pepsico bu study mate. Idbi federal life insurance company has issued nearly 6. Pos distributors are allowed to sell simple, overthecounter products where the risk of misselling is limited.
Idbi federal life insurance is planning to experiment pos point of sales channel for selling insurance policies and is awaiting the sector regulators clearance for it. Idbi federal life insurance life insurance policy in india. Why should you buy the wealthsurance growth insurance plan sp from idbi life federal insurance. The company was formed in 2008 with idbi bank holding 48% equity and ageas and federal bank holding 26% each. Be it a longterm or midterm goal, this plan caters to various requirements, with a host of customisation options available. Idbi federal life insurance summer internship report. Mahesh keni is the ceo of idbi federal life insurance company ltd. They offer a variety of policies with unique benefits and features that ensures that customers get. I worked at idbi federal life insurance for less than a year.
Download as docx, pdf, txt or read online from scribd. Idbi federal life wealthsurance growth insurance plan sp. Idbi federal life insurance co ltd project on role of financial institution in industrial department. Travel and tourism 1 8 sarthak web designs social media 1 9 tcs consultancy 6.
Significantly, the insurance business was opened on two fronts. Study of customer retention in idbi federal life insurance corporation limited a project report submitted in partial fulfillment of the requirements for the award of the degree of masters of business administration by u. The insurance sector has gone through a number of phases and changes. Life cover for financial protection of your loved ones. It provides an extensive national chain of 2754 branches.
The reports offer key insight into the industry and impact on conglomerates in the market. The company is dedicated to offering perfect protection and retirement fund services to both individuals as well as corporate groups. The helpline number for idbi federal is 1800 209 0502 toll free. I hibah wasif, have been working with idbi federal life insurance company ltd, as a.
Idbi federal lifesurance savings insurance plan is a traditional participating endowment assurance plan which provides long term savings and life insurance for a happy and planned future. Study on the promotional strategies of idbi federal life. All documents finance financial services section of our research repository. Max life insurance, birla sun life insurance and tata aia life insurance are among four bidders shortlisted to buy a significant stake in idbi federal life insurance in a deal that is likely to value the company at more than rs 4,500 crore.
The project report on insurance deals with the 57 year insurance industry predictions, target business prospects, probable risks, swot analysis and explore the current competitive sectoral acumen. The wealthsurance growth plan is a smart investment option for those looking to enhance their financial assets over a period of time. Winter internship in the field of finance, marketing management and team. Pdf idbi federal life insurance co ltd project on role. Idbi federal life insurance company limited registered address.
Retiresurance milestone pension plan is a unit linked pension plan from idbi federal life insurance with a minimum guaranteed maturity value per unit on vesting, where the policyholder would pay premiums in the accumulation phase till the vesting date, i. A summer training project report submitted in partial. The customer service committee acts as the grievance redressal committee of the company. Idbi federal life insurances fy18 net profit soars by 94%. Commenced it operations in 2008, idbi federal was able to achieve breakeven within just 5 years, thanks to the vast nationwide network of 27 partner bank branches of idbi bank and federal bank. Shanthi idbi federal life insurance dear maam, as discussed in may 2014, im submitting the report titled a study of consumer behaviour in relation to insurance products in idbi.
We were declared among the top 10 most trusted life insurance brands in the country, as per economic times brand equity survey. There are a number of companies offering but not all are reputed. Idbi federal life insurance company has posted a net profit of rs 1 billion for the financial year fy ending march 31, 2018, as against rs 520 million earned during fy17. Idbi federal life insurance free download as powerpoint presentation. A seminar presentation of the training report was made. The following summer project report titled idbi federal life insurance company ltd a study of target customer behavior and marketing approach is hereby approved as a certified study in management carried out and presented in a manner satisfactory to warrant. According to the mckinsey report, titled india insurance 2012. Income tax benefit life insurance premiums paid up to rs. Summer internship project in idbi fedral life insurance scribd. Idbi federal life wealth plans idbi federal life ulip.
Idbi federal life insurance intern ship topic training and. Pdf customer relationship management ankit chaturvedi. Idbi federal life insurance company is one of the fastest growing life insurance companies of india. Internship project report on advertising and promotional strategies for idbi federal life insurance co ltd. Through a continuous process of innovation in product and service delivery idbi federal aims to deliver worldclass wealth management, protection and. Report on advertising and promotional strategies for idbi federal life insurance co ltd. Idbi federal life insurance summer internship report 1.
A study on the promotional strategies of idbi federal life insurance co ltd company profile idbi federal life insurance co ltd formerly known as idbi fortis life insurance is a joint venture between three financial companies development and bank of india idbi, federal bank and european insurer ageas formerly fortis. Idbi federal life insurance policy surrender procedure. Idbi federal life insurance life insurance policy in. Idbi federal insurance started its operations from 2008. Somaiya institute of management studies and research, mumbai. How it works in this plan, premium needs to be paid every year for the policy to be inforce. Project report customer satisfaction insurance companies. Project report on sbi life insurance pdf sbi life insurance is a joint venture between state bank of india and bnp paribas. Jan 29, 2019 idbi federal lifesurance savings insurance plan is a traditional participating endowment assurance plan which provides long term savings and life insurance for a happy and planned future. About us idbi federal life insurance life insurance. This report focuses on bringing into light the attitude of current as well as future consumers of idbi federal life insurance. Hibah wasif executive summary insurance is the backbone of a countrys risk management system. A project report submitted in partial fulfillment of the requirement of mba program.
Eligibility conditions and other restrictions in idbi federal healthsurance policy. A sale at that valuation would fetch about rs 2,200 crore for idbi bank if it sells its entire 48 per cent stake in the insurer. For more details on the risk factors, term and conditions please. This report focuses on bringing into light the attitude of current as well as future consumers of idbi federal life insurance towards the insurance products offered by the company. In a recent report, published by irdai, we were mentioned as the only life insurance company to have retained over 50% of our customers for over 5 years, evidence of our constant focus on post sale engagement. Twin tower, netaji subash place pitam pura, new delhi110034 st. Policy number page 1 policy document idbi federal life insurance guaranteed wealth plan part b definitions age age is defined as age as on last birthday. Customer relationship management idbi fortis life insurance co. Idbi federal life insurance is a fixed term insurance scheme which provides longterm benefits like death cover, additional savings with bonuses, dual tax benefits and discounts on premium. Idbi federal project report free download as pdf file.
Assignee assignee is defined as per provisions of section 38 of the insurance act, 1938 as amended from time to time. Greetings for the day from idbi federal life insurance co. Why you should buy the idbi federal life wealthsurance growth insurance plan. Idbi federal life insurance life insurance insurance. Project on idbi bank by sayed arif in finance category on. The company is a joint venture of idbi, indias premier development and commercial bank and federal bank, one of indias leading private sector banks and ageas, a. Lump sum payout with inbuilt conversion option for cancer, heart attack or stroke of defined severity. Vision of idbi bank po yoa, preventing of six standard tea out. Formed as a joint venture between idbi bank and federal bank, idbi federal life insurance is one of the leaders in the insurance space.
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