As a part of their aggressive 100-branch plan, IDBI Fortis opened their branch in Delhi Today. The branch is located at Pitampura, one of the fastest growing commercial centers in Delhi. The company launched operations in March this year, leading with their innovative concept ‘Wealthsurance’.

IDBI Fortis Life Insurance is a recently launched joint-venture of IDBI, India’s premier development and commercial bank, Federal Bank, one of India’s leading private sector banks and Fortis, Europe’s banking and insurance giant.

“With the growing incomes, more and more people want to grow their money rather than save it. Which is why we have unique wealth-building products that will help your money grow by protecting it from unforeseen circumstances” said Mr G.V. Nageswara Rao, MD & CEO of IDBI Fortis.

WealthsuranceTM 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. WealthsuranceTM offers investment choices such as Guaranteed Return Fund, Equity Funds, and Debt Funds etc. ensuring that the customer would find all his investment requirements satisfied with this one powerful product. The powerful insurance benefits of WealthsuranceTM ensure that a customer’s wealth plan is not affected by unforeseen events that may strike them.

Delhi is their second branch in the (National Capital Region) opening this month, with 28 more expected by this fiscal. “Delhi’s commercial importance as a hub for Northern India is uncontestable. If we have to be a serious player in North India, we must have an aggressive presence in the NCR. While this is our first branch in Delhi, it is our second in the NCR. The rapid roll-out shows our commitment to this region.” said Mr Murali Iyer, National Head – Agency and Alliances

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About IDBI Fortis Life Insurance Co Ltd

IDBI Fortis Life Insurance Co Ltd, is a joint venture between three leading financial conglomerates – India’s premier development and commercial bank, IDBI, one of India’s leading private sector banks, Federal Bank and Europe’s banking and insurance giant, Fortis, each of which enjoys a significant status in their respective business segments. In this venture, IDBI owns 48% equity while Federal Bank and Fortis own 26% equity each. IDBI Fortis launched its first set of products across India in March 2008, after receiving the requisite approvals from the Insurance Regulatory Development Authority (IRDA). Do visit www.idbifortis.com to know more.