IDBI Federal Life Insurance Reviews | Glassdoor

IDBI Federal Life Insurance Reviews

Updated September 17, 2017
46 reviews

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3.2
StarStarStarStarStar
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Recommend to a friend
Approve of CEO
IDBI Federal Life Insurance CEO Vighnesh Shahane
Vighnesh Shahane
4 Ratings

46 Employee Reviews

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Pros
  • Good Working Environment,Friendly Colleagues,Good career crowth (in 5 reviews)

  • Flexible work hours and medium work pressure (in 4 reviews)

Cons
  • SALES TARGET given to all employees regardless of team you are in" (in 5 reviews)

  • no stipend is paid which was promised" (in 4 reviews)

More Pros and Cons

  1. Helpful (1)

    "Fraud Company....!!!"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend

    Pros

    Nothing good. I have had a policy with them for three years and they ripped me off. Now they are talking about 50-60% deduction if we withdraw the policy before five years.

    Cons

    Absolute disguised policies. They don't keep what they promise.

    Advice to Management

    Please don't rob clients


  2. "Selected via placement conducted at our college.. Need to attend the 3 months training after completing B. Tech"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Advisor
    Current Employee - Advisor

    I have been working at IDBI Federal Life Insurance full-time

    Pros

    Good atmosphere friendly no work load this is what i known from enquiries

    Cons

    Need to achieve the targets provided at each month to prevent termination

  3. Helpful (5)

    "am not suggest any to work in IDBI Federal in Erode branch"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous in Erode (India)
    Former Employee - Anonymous in Erode (India)
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I worked at IDBI Federal Life Insurance part-time (More than a year)

    Pros

    very good corporate culture .

    Cons

    No transperancy in pay structure to advisor through agency leader module.

    Advice to Management

    i request top management to consider this review.
    i got a offer through campus interview.they gave offer letter as Team leader with 6.06 lakh CTC per month. ( there is no classification in salary structure)..the representative of the IDBI federal life ( coimbatore erode division ).
    said, your basic salary will be 50000 Pm. Once the candidate finished their target and once become as Agency leader , that time only candidate came to thebasic salary is 3100 ( take time ). the people cheating candidates by giving fake offers through campus interview. the representaive of the company wont reveal proper information to new joinees. lot of College students are cheated by these of culprites. still they r processing like this only.

    they r doing politics inside the office.

    if we bring into the info to regional head means, after 1 weak, they are following same kind of activity only.

    even though its a sales concern, dont play with freshers life.

    the company core value is transperancy. But there is no Transperancy is because of few culprits leaders.

    Lot of freshers are still cheating by this of fake offer.
    3.5 lakh CTC or 6.06 CTC they are offering.


  4. Helpful (1)

    "IDBI Federal"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Technical Team Leader in Erode (India)
    Current Employee - Technical Team Leader in Erode (India)
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at IDBI Federal Life Insurance full-time (More than a year)

    Pros

    Team Play is the main thing

    Cons

    Team play is needed to work efficiently


  5. "Good"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at IDBI Federal Life Insurance full-time

    Pros

    Good to work here so that i gain some experience

    Cons

    not anything at all np


  6. "worked less than a year"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Positive Outlook

    I worked at IDBI Federal Life Insurance full-time

    Pros

    commission are the best part

    Cons

    totally commissioned based salary

    Advice to Management

    fix a basic pay and proper information about the pay sturcture


  7. "Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    I worked at IDBI Federal Life Insurance full-time

    Pros

    Ok company. nothing great. MD talks about open culture but the rest of the management still are hierarchical

    Cons

    difference in thought process between the MD and the top management

  8. Helpful (1)

    "Trainee required"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Team Leader in Tiruchirappalli (India)
    Current Employee - Team Leader in Tiruchirappalli (India)
    Recommends

    I have been working at IDBI Federal Life Insurance full-time (Less than a year)

    Pros

    Great working environment, good colleges, a lot of new employee friendly initiatives"
    "flexible work timing,good working environment"

    Cons

    "SALES TARGET given to all employees regardless of team you are in"
    "no stipend is paid which was promised"

    Advice to Management

    nil


  9. "marketing"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Marketing Executive in Coimbatore (India)
    Former Employee - Marketing Executive in Coimbatore (India)
    Recommends
    No opinion of CEO

    I worked at IDBI Federal Life Insurance full-time (Less than a year)

    Pros

    good company to develop the communication skill and know many people. there Will training of 10 days.

    Cons

    nothing to say .job is use to be outside not in office.

    Advice to Management

    nil


  10. "Bad"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at IDBI Federal Life Insurance full-time (More than a year)

    Pros

    Nothing Good about this company and i was lucky to have an wonderful boss, else nothing good about it, salaries in only few channels are well paid

    Cons

    No proper KRA, No vision for longer run,highest attrition rate, lot of wrong selling , unreasonable targets driven from the top leading to wrong selling, high sales pressure, No proper appraisals and promotion not on merit , have almost shut down few channels in the last 2 years

    Advice to Management

    need a paradigm shift in the senior management who have occupied the creamy layers for years together. For the longer run the stake holders need to replace the top management.


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