IDBI Fortis Life Insurance Company, one of the recent entrants into the private sector is carving a niche for itself. Mr G V Nageswara Rao, its Managing Director and Chief Executive Officer, spoke to K Nitya Kalyani of Premium about the growth of the industry in India, customer needs, pensions and a host of other issues.

IDBI Fortis Life Insurance Company has devised a performance management system called Goalsurance. The employees have been divided into six teams and encouraged to work like they would play a game of football. Employees will have to set goals and achieve them through planning, practice, team work, coordination and adopting the right attitude. Above all, they should have fun while giving the customers the best.

IDBI Fortis Homesurance Protection Plan IDBI Fortis Life Insurance has launched its Homesurance Protection Plan, a mortgage-reducing term insurance plan that covers outstanding balance of home loans and protects the policyholder irrespective of interest rate fluctuations, said a press release. The policy covers properties under construction, which ensures the beneficiary gets the full sanctioned amount [...]

IDBI Fortis Life Insurance Company has launched a single premium unit-linked insurance policy (ULIP) Bondsurance, which offers guaranteed returns on investment along with Life insurance cover, it is reported. Mr Amish Tripathi, National Head – Marketing and Product Management, IDBI Fortis Life, was quoted saying that Bondsurance was an attractive policy with a one-time minimum [...]