The IDBI Federal Life Insurance is the new bee in the insurance world but is has grabbed a bagful of customers in a short period of time. IDBI Bank & Federal Bank of India and the renowned Belgian-Dutch insurance company Fortis International has started the IDBI Fortis Life Insurance in India to amaze the customers with some exciting policies. The majority of the company’s stake is in the hand of Federal Bank, which is nearly 48% and the rest stakes are equally divided by IDBI and Fortis. It has a regulatory license from IRDA. This company offers so many interesting proposals for the respective customers of the company and even they provide online money transfer and online ticket booking facilities also.