IDBI Federal Life Insurance Company Limited is a venture of IDBI Bank, Federal Bank (India) and Ageas Insurance International. The certificate of registration has been issued by the insurance regulator IRDA to this insurance company on 19th December 2007. According to the agreement, IDBI will have a 48% stake in the venture, while Ageas and Federal Bank would have 26% stake each. While IDBI and Federal Bank are major Indian banks, Ageas has the expertise of bancassurance across global markets. It is one of the best names in the insurance business in Europe and has successful joint ventures in various Asian countries.