Swot Analysis Idbi Federal Life Insurance Co Ltd
SWOT ANALYSIS IDBI Federal Life Insurance Co Ltd
Company Profile
IDBI Federal Life Insurance Co Ltd is a joint-venture of IDBI Bank, India’s premier development and commercial bank, Federal Bank, one of India’s leading private sector banks and Ageas, a multinational insurance giant based out of Europe. In this venture, IDBI Bank owns 48% equity while Federal Bank and Ageas own 26% equity each. Having started in March 2008, in just five months of inception, IDBI Federal became one of the fastest growing new insurance companies to garner Rs 100 Cr in premiums. Through a continuous process of innovation in product and service delivery IDBI Federal aims to deliver world-class wealth management, protection and retirement solutions that provide value and convenience to the Indian customer. It offers wealth management, protection, retirement, home loan protection, hospitalization and surgical plan, and group microsurance solutions, as well as life insurance cover to micro finance institutions, self-help groups, and NGOs. The company also provides Incomesurance, a combination of endowment and money back plans; Loansurance group life plan, a solution that enables users to help protect their borrower’s assets and savings; and Bondsurance, a single premium plan that offers guaranteed returns on investment combined with life insurance protection. The company offers its services through a vast nationwide network of partner bank branches of IDBI Bank and Federal Bank in addition to a sizeable network of advisors and partners.
SWOT ANALYSIS WITH ITS FOUR ELEMENTS.
SWOT analysis is a strategic planning method used to evaluate the Strengths, Weaknesses/Limitations, Opportunities, and Threats involved in a project or in a business venture. It involves specifying the objective of the business venture or project and identifying the internal and external factors that are favourable and unfavourable to achieve that objective. The technique is credited to Albert Humphrey, who led
Company Profile
IDBI Federal Life Insurance Co Ltd is a joint-venture of IDBI Bank, India’s premier development and commercial bank, Federal Bank, one of India’s leading private sector banks and Ageas, a multinational insurance giant based out of Europe. In this venture, IDBI Bank owns 48% equity while Federal Bank and Ageas own 26% equity each. Having started in March 2008, in just five months of inception, IDBI Federal became one of the fastest growing new insurance companies to garner Rs 100 Cr in premiums. Through a continuous process of innovation in product and service delivery IDBI Federal aims to deliver world-class wealth management, protection and retirement solutions that provide value and convenience to the Indian customer. It offers wealth management, protection, retirement, home loan protection, hospitalization and surgical plan, and group microsurance solutions, as well as life insurance cover to micro finance institutions, self-help groups, and NGOs. The company also provides Incomesurance, a combination of endowment and money back plans; Loansurance group life plan, a solution that enables users to help protect their borrower’s assets and savings; and Bondsurance, a single premium plan that offers guaranteed returns on investment combined with life insurance protection. The company offers its services through a vast nationwide network of partner bank branches of IDBI Bank and Federal Bank in addition to a sizeable network of advisors and partners.
SWOT ANALYSIS WITH ITS FOUR ELEMENTS.
SWOT analysis is a strategic planning method used to evaluate the Strengths, Weaknesses/Limitations, Opportunities, and Threats involved in a project or in a business venture. It involves specifying the objective of the business venture or project and identifying the internal and external factors that are favourable and unfavourable to achieve that objective. The technique is credited to Albert Humphrey, who led