IDBI has signed an MoU with Kerala-based Federal Bank and Belgian financial power house Fortis Insurance to form a joint venture (JV) company for entering life insurance business.
IDBI, Federal Bank and Fortis jointly announced Tuesday that they have signed a Memorandum of Understanding on the formation of a Life Insurance Company in India.
Celebrating the second anniversary of its tie up with Public sector Syndicate Bank to sell its insurance products, Bajaj Allianz today signed up with seven Regional Rural Banks (RRBs) to take Life Insurance to semi-urban and rural areas.
