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Kochi, Oct. 6

A s part of its 100-branch plan, IDBI Fortis Life Insurance on Monday formally launched two of its branches in Kochi and Thiruvananthapuram. The company plans to open 6 branches in the State and 24 branches in the southern region in total. Mr M.Venugopalan, MD and CEO of Federal Bank, said in a statement that the Wealthsurance product has been received well in the State through the bank and the IDBI branches. The company, by launching its operations in March, has collected a premium of over Rs100 crore in a record time of five months, thus becoming the fastest growing new life insurance company in the private sector, he said. – Our Bureau

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