IDBI Fortis Life offers structured products in India


IDBI Fortis Life - a joint venture between state-run Industrial Development Bank of India (IDBI), Indian commercial bank Federal Bank and Belgian-Dutch bank Fortis - has received approval to sell a range of structured products in India.

Products will range from capital-protected close-end and guaranteed-return funds across equities, bonds and money markets - branded Wealthsource - to other unit-linked products. The JV will also offer insurance cover against death, terminal illness, accidental

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