 "IDBI Federal Life Insurance, IDBI, Insurance, Federal")
IDBI Federal Life Insurance is expecting a flat growth in its new business premium in FY19 on the back of a revival in the last quarter. This comes after witnessing contraction for the most part of the fiscal due to the uncertainties regarding stake sale by IDBI Bank, its promoter.
In the last fiscal (FY18), the life insurance company saw a growth of 18 per cent in the new business premium. In the April-November period of FY 2019, the first year premium of the company declined by 14.12 per cent from Rs 481.13 crore in the same period in FY
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