A Study of Consumer Behavior in Relation to IDBI Federal Life Insurance Products.

Abstract

The economic reformations started in early 1990 paved the movement for growth or broadening the financial sector that paved a sustained period of growth in economy. The availability of insurance industry was made for private players in 2000, and since then it saw a tremendous growth over past 10 years with the entry of big global insurance companies. India is one among the world’s most lively insurance markets with momentous potential and ability. IDBI Fedral Life Insurance Co. ltd., is a joint venture between three monetary companies– Development and Commercial Bank, IDBI Bank, India's private segment Bank, Federal Bank and European back up plan Age as (in the past Fedral).IDBI Fedral life Insurance Co. ltd. was framed on March 2008. In this wander, IDBI Bank possesses 48% value while Federal Bank and Age as claim 26% value each. The Headquarters is situated in Mumbai, India.