IDBI Fortis plans 100 branches by March
IDBI Fortis Life Insurance Co Ltd kick-started its expansion drive in the North with inauguration of its first branch at Gurgaon and now plans to have 100 branches across the country, including 28 more in the North, by the end of this fiscal.
By ET Online |
NEW DELHI : IDBI Fortis Life Insurance Co Ltd, which on Tuesday kick-started its expansion drive in the North with the inauguration of its first branch at Gurgaon, plans to have 100 branches across the country, including 28 more in the North, by the end of this fiscal. The company, which is a recently-launched joint venture of IDBI Bank, Federal Bank and Fortis, Europe���s banking and insurance giant, already has 30 branches across India.
Talking about the innovative products of IDBI Fortis, G V Nageswara Rao, MD & CEO, IDBI Fortis Life Insurance, said that Wealthsurance is one such product that helps consumers create wealth with protection.
���Wealthsurance is a unique combination that aims to provide people with protected growth. The product is designed to ensure that the hard-earned money that is invested is not susceptible to unforeseen circumstances. The plan has a multitude of investment options, tailor-made to suit the changing Indian consumer today," he said.
According to him, Wealthsurance is a first-of-its-kind combination of comprehensive investment choices, protected by powerful insurance options, all presented with a reasonable charge structure, making it a one-stop solution to a customer���s wealth building plans.
Filip Coremans, CFO, IDBI Fortis Life Insurance, said: ���It is exciting for Fortis to be in one of the fastest-growing insurance markets in the world. The focus is now to expand our tied agency network to cater to this huge country with so many different languages and dialects, in addition to our wide bancassurance networks with IDBI Bank and Federal Bank.���
Filip Coremans, CFO, IDBI Fortis Life Insurance, said: ���It is exciting for Fortis to be in one of the fastest-growing insurance markets in the world. The focus is now to expand our tied agency network to cater to this huge country with so many different languages and dialects, in addition to our wide bancassurance networks with IDBI Bank and Federal Bank.���
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