(Previously knows as IDBI Federal Life Insurance Co. Limited)
Ageas Federal is a Joint Venture Life Insurance Company of IDBI Bank Ltd., Federal Bank Ltd. and Ageas Insurance International (Ageas). Ageas Federal commenced operations in March 2008. IDBI Bank holds 25% equity shares, Federal Bank holds 26% and Ageas Insurance International holds the remaining 49% equity shares in Ageas Federal. The Company’s life insurance business comprises individual life and pension and group life, including non-participating, health and linked segments.