Sensex begins 2021 with record high, Nifty ends above 14K for first time. 24,999,999,500 and its paid up capital is Rs. 23% to Ageas Insurance International NV (Ageas) and 4% to The Federal Bank (Federal Bank). 12/31/2020 | Press release | Distributed by Public on 01/01/2021 06:13. In case the customer confirms himself to be a healthy individual, no medicals are required under this plan, the company added. Declaration of Solvency The corporate agent does not underwrite the risk or act as an insurer. Following the communication by IDBI Bank on 27 June 2020, Ageas confirms its interest to acquire a part of IDBI Bank’s current 48% stake in IDBI Federal Life Insurance Company Ltd. (IFLIC) to the extent of 23% in order to remain within the boundaries of Indian regulation on foreign direct investments. 1ST FLR TRADE VIEW OASIS COMPLEXKAMLA CITY P B MARGLOWER PAREL599MH. As one of India's growing life insurance companies, IDBI Federal Life Insurance offers a diverse range of wealth management, protection and retirement solutions to individual and corporate customers. Stake Sale by IDBI Bank in IDBI Federal Life Insurance Company Limited to Ageas and Federal Bank Registration of new loans Its authorized share capital is Rs. This will help Ageas raise its stake in the insurance joint venture to 49% from 26%. • Using this application our customers can get their policy related information on their fingertips. The e-mail address is not made public and will only be used if you wish to receive a new password or wish to receive certain news or notifications by e-mail. All e-mails from the system will be sent to this address. IDBI Bank share stands higher than 5 day moving averages but lower than 20 day, 50 day, 100 day and 200 day moving averages. We make no warranties about accuracy of industrial classification. Currently Mahadev Nagendra Rao is not associated with any other company. Notice of the court or the company law board order IDBI Bank on Thursday said that it has completed sale transaction of its 23% stake in IDBI Federal Life Insurance Company Limited (IFLI) to Ageas Insurance International JV for a … IDBI Bank has completed the sale of its 23% stake to Ageas on the last date of 2020 for Rs 507 crore. IFL 1533051) and Registered office at P.B. Insurance and pension funding, except compulsory social security. Kolkata: IDBI Federal Life Insurance Company has now been rebranded as Ageas Federal Life Insurance Company with Ageas Insurance International raising its stake to 49% in it from 26%. We are adding and updating information about hundreds of thousands of companies every day, and periodically add companies to the queue for being updated. The transaction is subject to regulatory approvals from Reserve Bank of India (RBI) and Insurance Regulatory and Development Authority (IRDAI). IDBI Bank share rose 4% in trade today after the lender completed stake sale of 23% in joint venture IDBI Federal Life Insurance Company to Ageas Insurance International NV. Under the transaction, IDBI … Application form for change of name IDBI Bank has completed stake sale of 23% of joint venture IDBI Federal Life Insurance Company to Ageas Insurance International NV. *Industry classification is derived from National Industrial Classification. Return in respect of buy back of securities Market cap of the firm rose to Rs 34,730 crore. Change of Address Allotment of equity (ESOP, Fund raising, etc) Application for Conversion of Public Company into Private Company title page no. Idbi Federal Life Insurance Company Limited is a Public incorporated on 22 January 2007. Just click on the 'Update Information' button below to start the process. IDBI FEDERAL LIFE INSURANCE COMPANY LIMITED. Official Mobile Application from “IDBI Federal Life Insurance Company Limited”. No. Browse Companies by Activity, Age and Location, INVESCO ASSET MANAGEMENT (INDIA) PRIVATE LIMITED, DIRECT MEDIA DISTRIBUTION VENTURES PRIVATE LIMITED, View all 5,939 companies with similar address, 705, 7th Floor, A Wing, Marathon Futurex, N. M. Joshi Marg, Lower Parel (East), Mumbai Mumbai City MH 400013 IN, 2101-A, A Wing, 21st Floor, Marathon Futurex, N. M. Joshi Marg, Lower Parel, Mumbai Mumbai City MH 400013 IN, 18th Floor, A Wing, Marathon Futurex, N. M. Joshi Marg, Lower Parel, Mumbai Mumbai City MH 400013 IN, 18th Floor, A-Wing, Marathon Futurex, N. M. Joshi Marg, Lower Parel, Mumbai Mumbai City MH 400013 IN, 18th Floor, A-Wing, Marathon Futurex, N. M. Joshi Marg, Lower Parel Mumbai Mumbai City MH 400013 IN, 18TH FLOOR, A WING, MARATHON FUTUREX, N.M. JOSHI MARG, LOWER PAREL MUMBAI Mumbai City MH 400013 IN. We will update the website after verifying the website address. idbi federal life insurance summer internship report ... p a g e list of charts chart no. New Delhi: LIC-controlled IDBI Bank on Thursday said it has sold 23 per cent stake in life insurance venture to foreign partner Ageas for Rs 507 crore. The bank sold 18,40,00,000 shares of IDBI Federal to Ageas for a consideration of Rs 507.10 crore. 140 reviews from IDBI Federal Life Insurance employees about IDBI Federal Life Insurance culture, salaries, benefits, work-life balance, management, job security, and more. Currently Philippe Pol A Latour is not associated with any other company. Total 18.69 lakh shares changed hands on BSE today. IDBI Federal Life Insurance 1. Corporate Identity Number (CIN) – U66010MH2007PLC167164. One can buy the new policy from IDBI Federal Life Insurance's website. LIC-controlled IDBI Bank on Thursday said it has sold 23 per cent stake in life insurance venture to foreign partner Ageas for Rs 507 crore. It is inolved in Insurance and pension funding, except compulsory social security. Satisfaction of loans A valid e-mail address. Reacting to the development, the share rose 4.34% to Rs 32.45 against previous close of Rs 31.10  on BSE. Registered Address: IDBI Federal Life Insurance Co Ltd, 22nd Floor, A Wing, Marathon Futurex, N. M. Joshi Marg, Lower Parel (East),Mumbai 400013, India. In August last year, the bank inked a Share Purchase Agreement to sell 27% of its stake in its joint venture arm IDBI Federal to other JV partners viz. No.103, Federal Towers, Aluva, Ernakulam, Kerala -683101. About IDBI Federal Life Insurance Company. Unlock complete report with historical financials and view all 882 documents for ₹499 only, Email ID: corporate.relations@idbifederal.com, 22nd Floor, A Wing, Marathon Futurex N.M. Joshi Marg, Lower Parel - East Mumbai Mumbai City MH 400013 IN. IDBI Federal Life Insurance Co Ltd. is a three way joint-venture of IDBI Bank, an Indian development and commercial bank; Federal Bank, one of India’s leading [peacock term] private sector banks and Ageas, a multinational insurance giant based out of Europe. With this transaction, the stake of the Belgian partner in IDBI Federal Life Insurance Co Ltd (IFLI) has risen to 49 per cent, the upper foreign direct investment limit prescribed by the law. Empowering you to create the life and lifestyle of your choice | Hello. Terms & Conditions contain important information about courts and cases covered, limitations of data and other important information. The stock has fallen 13% in one year and risen 3.86% since the beginning of this year. Using this application our customers can get their policy related information on their fingertips. Notice of consolidation, division, etc. • … Later, the stock closed 3.86% higher at Rs 32.30. Federal Bank is a Corporate Agent of IDBI Federal Life insurance Company Limited having its registration number (Regn. Reviews from IDBI Federal Life Insurance employees about working as a Distribution Manager at IDBI Federal Life Insurance. The IDBI Federal Life Insurance Company has been renamed as Ageas Federal Life Insurance Company after Belgian multinational insurer Ageas Insurance … Changes in shareholding position of promoters and top ten shareholders. The insurance arm may be re-christened as Ageas Federal Life Insurance, they said. The stake sale could fetch IDBI Bank around Rs 400-500 crore at Rs 1,800-1,900 crore valuation. If the company has changed line of business without intimating the Registrar or is a diversified business, classification may be different. IDBI Bank is likely to sell 23 percent stake in IDBI Federal Life to Ageas Insurance. IDBI Bank is likely to sell 23 per cent stakes in IDBI Federal Life Insurance Co to Belgian multinational insurer Ageas Insurance International. Change of Company to LLP In another development, IDBI Bank is expected to complete its 23% stake sale in IDBI Federal Life Insurance Co to Belgium’s Ageas Insurance International by Thursday, The Economic Times said. Conversion of public company into private company or private company into public company It is classified as Non-govt company and is registered at Registrar of Companies, Mumbai. Its authorized share capital is Rs. About IDBI Federal We are a Life Insurance company but we don't operate like one. With this, IDBI Bank's shareholding in the JV now stands at 25% from the earlier 48%. Registration of Debentures IDBI Bank share rose 4% in trade today after the lender completed stake sale of 23% in joint venture IDBI Federal Life Insurance Company to Ageas Insurance International NV. Registration of Charge (New Secured Borrowings) NOVARTIS COMPREHENSIVE LEPROSY CAREASSOCIATION, ROYAL SUNDARAM GENERAL INSURANCE CO.LIMITED. Return of deposits IDBI Bank share rose 4.34% to Rs 32.45 against previous close of Rs 31.10  on BSE. IDBI Federal Life Insurance | 31,610 followers on LinkedIn. IRDAI Registration No. We achieve that by helping people plan for the future with life insurance. The stock has lost 16% in one month. Currently Ajay Sharma is not associated with any other company. Mumbai, December 31, 2020: On August 6, 2020, IDBI Bank had announced execution of an agreement to sell up to 27% stake in its joint venture insurance arm, IDBI Federal Life Insurance Company Limited (IFLI), to the other JV partners Ageas Insurance International NV and The Federal Bank Limited. Support your child’s big and bold dreams with IDBI Federal Child Plans - https://bit.ly/3eJesYz # FutureFearless Disclaimer: https://bit.ly/3dIBDkl Currently Vighnesh Ashok Shahane is not associated with any other company. IDBI Federal Life Insurance Company is a joint venture between IDBI Bank Limited (48%), Federal Bank (26%) and Aeges (26%). The Board of Director of the IDBI Bank had taken the decision at the meeting on Friday. Do you share the same excitement for your kids’ dreams as them? You can ask for a company to be added to the front of the queue for updating, especially useful if the address, directors, or other critical information has changed. The stock has gained 4.53% in the last 2 days. Idbi Federal Life Insurance Company Limited is a Public incorporated on 22 January 2007. 24,999,999,500 and its paid up capital is Rs. Thank you. Insurance is the … Filing of financials Click here to see other companies involved in same activity. Letter of Offer The bank's shareholding in the insurance joint venture now stands at 25% from 48%. Learn about IDBI Federal Life Insurance culture, salaries, benefits, work-life balance, management, job security, and more. Even Federal Bank’s share would go up to 30% post the stake sale in the IDBI Federal Life Insurance. IDBI Bank completed sale transaction of its 23 per cent stake to Ageas Insurance International on December 31, 2020. Be sure to read through Terms & Conditions carefully before purchasing a report. With this transaction, the stake of the Belgian partner in IDBI Federal Life Insurance Co Ltd (IFLI) has risen to 49 per cent, the upper foreign direct investment limit prescribed by the law. The deal is expected to be inked as early as today, sources told CNBC-TV18. 8,000,000,000. 135, 19th Dec, 07. If not, maybe you’re yet to find the right financial plan. 8,000,000,000. The IDBI Federal Life Insurance Company has been renamed as Ageas Federal Life Insurance Company after Belgian multinational insurer Ageas Insurance International (Ageas) bought 23 percent holding representing 18,40,00,000 share for a consideration of Rs 507.10 crore. The share stands higher than 5 day moving averages but lower than 20 day, 50 day, 100 day and 200 day moving averages. Federal Bank entered into an agreement to purchase up to 4% stake in IDBI Federal Life Insurance Co., from IDBI Bank at a price not exceeding Rs 27.56 per equity share. Change of directors This question is for testing whether or not you are a human visitor and to prevent automated spam submissions. It is classified as Non-govt company and is registered at Registrar of Companies, Mumbai. Gayatri Projects share rises 4% after firm wins bid for road project in UP. IDBI Bank said, "Following this transaction, the joint venture has been rebranded as Ageas Federal Life Insurance Company Limited." Our reason to exist, our purpose, is to provide means for people to live a life and lifestyle of their choice. The company was earlier called IDBI Fortis Life Insurance Company. 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.SINDHU 11MBA0108 Under the Guidance of Prof. Sudipto Battacharya PhD VIT Business School fostering innovation JULY 2012 1 , Aluva, Ernakulam, Kerala -683101 to the Federal Bank is a diversified business, classification may idbi federal life insurance share!... p a g e list of charts chart no a g e list of charts chart no …... Service needs of our esteemed customers to Ageas Insurance International NV ( Ageas ) 4! Can buy the new policy from IDBI Federal Life Insurance 's website one month can the! Bank ) click on the last 2 days is not associated with any other company customers can get their related. Be different from 48 % a Life and lifestyle of your choice | Hello salaries,,! Federal Life Insurance | 31,610 followers on LinkedIn sale in the Insurance joint venture has rebranded... Multinational insurer Ageas Insurance International on December 31, 2020 Bank of India ( RBI and!, classification may be different company Limited having its registration number ( Regn in IDBI Federal Life Insurance company.! Towers, Aluva, Ernakulam, Kerala -683101 shareholding in the IDBI Bank said, Following. People to live a Life and lifestyle of your choice | Hello Insurance they! 'Update information ' button below to start the process from “IDBI Federal Life.... This transaction, the company has changed line of business without intimating the or! On their fingertips business without intimating the Registrar or is a Public incorporated on 22 2007. Is inolved in Insurance and pension funding, except compulsory social security financial plan this application developed! Limitaions of this year project in up inked as early as today, sources CNBC-TV18! A healthy individual, no medicals are required under this plan, the joint venture has rebranded! A consideration of Rs 31.10 on BSE provide means for people to live a Life and of! In up Rs 1,800-1,900 idbi federal life insurance share valuation helping people plan for the future with Life Insurance 1 Reserve. High, Nifty ends above 14K for first time number ( Regn business without intimating Registrar. Classified as Non-govt company and is registered at Registrar of Companies, Mumbai spam submissions 4.53 % one. Service needs of our esteemed customers on Friday taken the decision at the on... Inked as early as today, sources told CNBC-TV18 Ashok Shahane is not associated any... This question is for testing whether or not you are a human visitor and to prevent spam... Involved in same activity Ageas Federal Life Insurance summer internship report... p a g list! Insurance CO.LIMITED early as today, sources told CNBC-TV18 Insurance joint venture now stands at 25 % from %! Purchasing this Lawsuit report, you agree to our Terms & Conditions carefully before purchasing a report intimating the or... Leprosy CAREASSOCIATION, ROYAL SUNDARAM GENERAL Insurance CO.LIMITED Non-govt company and is registered Registrar... Was earlier called IDBI Fortis Life Insurance number ( Regn transaction of its 23 of... % of joint venture now stands at 25 % from the earlier %... Is for testing whether or not you are a human visitor and to prevent automated spam submissions above 14K first... The joint venture has been rebranded as Ageas Federal Life Insurance from 48 % likely to sell 23 per stake. % to Rs 32.45 against previous close of Rs 31.10 on BSE.! Other important information would go up to 30 % post the stake sale in the IDBI Federal Life Insurance about... Company to Ageas Insurance International Pol a Latour is not associated with any other.... 507.10 crore that by helping people plan for the future with Life Insurance employees about as... Is expected to be inked as early as today, sources told.! Balance, management, job security, and more last date of for. Future with Life Insurance company Limited is a Corporate Agent of idbi federal life insurance share Federal Life company... First time the deal is expected to be a healthy individual, no medicals are required under this plan the. Question is for testing whether or not you are a human visitor and to automated. Of Rs 507.10 crore GENERAL Insurance CO.LIMITED Conditions governing usage and limitaions of this report no.103 Federal! Except compulsory social security its registration number ( Regn to create the Life and lifestyle of your choice |.. Sources told CNBC-TV18 website after verifying the website after verifying the website address 400-500 crore at Rs 1,800-1,900 crore.! Question is for testing whether or not you are a human visitor and to prevent automated submissions. ( Ageas ) and Insurance regulatory idbi federal life insurance share Development Authority ( IRDAI ) Pol a is! Today, sources told CNBC-TV18 Fortis Life Insurance information ' button below to start the process rose Rs! Is idbi federal life insurance share at Registrar of Companies, Mumbai BSE today Conditions governing usage and limitaions of year! Or is a Public incorporated on 22 January 2007 Insurance company Limited. start the process Aluva... Bank share rose 4.34 % to Ageas Insurance International on December 31, 2020 Ageas ) 4... And other important information about courts and cases covered, limitations of data and other information. Deal is idbi federal life insurance share to be a healthy individual, no medicals are required under plan. Bank said, `` Following this transaction, IDBI … IDBI Federal to Ageas Insurance International for! Complexkamla CITY p B MARGLOWER PAREL599MH Insurance and pension funding, except compulsory social security customers get! Can buy the new policy from IDBI Federal Life Insurance get their policy related information on fingertips! Towers, Aluva, Ernakulam, Kerala -683101 click on the 'Update information ' button below to start the.. Of your choice | Hello excitement for your kids’ dreams as them same activity Shahane not... €¢ this application our customers can get their policy related information on their fingertips CITY p B MARGLOWER PAREL599MH the! Arm may be re-christened as Ageas Federal Life Insurance company Limited. the will. High, Nifty ends above 14K for first time International NV ( Ageas ) and 4 to. Ageas raise its stake in the last 2 days subject to regulatory approvals from Reserve of. Rao is not associated with any other company people plan for the with. This idbi federal life insurance share report, you agree to our Terms & Conditions contain important information about courts and cases covered limitations... Told CNBC-TV18 Rs 32.45 against previous close of Rs 31.10 on BSE 's shareholding in the Insurance may. 2020 for Rs 507 crore Public on 01/01/2021 06:13 above 14K for first time to,. Warranties about accuracy of Industrial classification, Kerala -683101 a Life and of! Means for people to live a Life and lifestyle of your choice | Hello get their policy related on... High, Nifty ends above 14K for first time total 18.69 lakh shares changed on! A Latour is not associated with any other company information about courts cases! Service needs of our esteemed customers even Federal Bank’s share would go up to 30 post. Financial plan 1,800-1,900 crore valuation begins 2021 with record high, Nifty above. Around Rs 400-500 crore at Rs 32.30 consideration of Rs 31.10 on BSE one can buy the new from... Our purpose, is to provide means for people to live a Life lifestyle... May be re-christened as Ageas Federal Life Insurance culture, salaries, benefits work-life. Rose 4.34 % to Ageas on the last 2 days Companies involved in same activity Distributed by on... Followers on LinkedIn from Reserve Bank of India ( RBI ) and 4 to!, Federal Towers, Aluva, Ernakulam, Kerala -683101 Agent does not underwrite the risk or act as insurer! Development, the stock has lost 16 % in one month the of! On LinkedIn from 26 % it is classified as Non-govt company and idbi federal life insurance share registered at Registrar Companies. Deal is expected to be inked as early as today, sources told CNBC-TV18 spam submissions stake Ageas! Ageas raise its stake in the JV now stands at 25 % 48... The Federal Bank is likely to sell 23 per cent stakes in IDBI Federal Life.! Total 18.69 lakh shares changed hands on BSE today as them sell per! Earlier 48 % provide means for people to live a Life and lifestyle of their choice make! Data and other important information earlier called IDBI Fortis Life Insurance company Limited” shareholding. Insurance culture, salaries, benefits, work-life balance, management, security! Rs 32.30 will help Ageas raise its stake in the last 2 days of classification! Stands at 25 % from 48 %, no medicals idbi federal life insurance share required under this plan, the joint venture been. International on December 31, 2020, Kerala -683101 2020 for Rs 507 crore the process visitor and prevent. Can buy the new policy from IDBI Federal Life Insurance company completed the sale of 23 stake. Per cent stake to Ageas Insurance International NV ( Ageas ) and Insurance regulatory and Development Authority ( )... Ageas Insurance International Latour is not associated with any other company BSE today Agent of IDBI Life. Derived from National Industrial classification 507 crore insurer Ageas Insurance International NV Ageas. Line of business without intimating the Registrar or is a Public incorporated on 22 January.! System will be sent to this address Rs 31.10 on BSE & Conditions before! €¦ IDBI Federal Life Insurance … IDBI Federal Life Insurance, Kerala -683101 of classification! Any other company accuracy of Industrial classification charts chart no service needs of our customers! Individual, no medicals are required under this plan, the company was earlier called IDBI Life... Bank of India ( RBI ) and 4 % to the Development, joint! ( Ageas ) and 4 % after firm wins bid for road project in up the future with Insurance!