Amsterdam: Dutch-Belgian financial services group Fortis said on Tuesday its Indian life insurance joint venture has started operations in India.
IDBI Fortis Life Insurance, a joint venture between Indian financial group IDBI, privately-owned Federal Bank and Fortis in India, will focus mainly on bancassurance activities, cross-selling across top-tier client segments, Fortis said in a statement.
IDBI Fortis, which has a workforce of about 400 employees, will service IDBI's 490 bank branches and Federal Bank's network of 550 banks, Fortis said.
Source: Reuters
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