~To be played at D Y Patil Sports Stadium, Navi Mumbai~
Mumbai, 28th December 2015: IDBI Federal Life Insurance has announced its partnership for the 12th edition of D Y Patil T20 Cricket tournament to be held in Navi Mumbai from 8th to 16th January 2016. Mumbai is all set to witness yet again some exciting T20 cricketing action from some of the finest young upcoming talented batsmen and bowlers.
The tournament will feature 16 teams playing a total of 31 matches with 7 knockout games. Each team will consist of 15 players in the squad. The matches will be played at D Y Patil Sports Stadium that boasts of a fully functional International standard cricket ground with world-class facilities for all domestic and international players. The tournament last year witnessed a turnout of over 40,000 spectators. The total prize money for the tournament will be Rs 15 Lakhs.
The competition has witnessed in the past all the current Indian team cricketers. Stars like Yuvraj Singh, Virat Kohli, Rohit Sharma, Virendra Sehwag, Ajinkya Rahane among others have participated in the D Y Patil T20 Tournament in the previous editions.
Speaking on this association, Dr Vijay D Patil, President, D Y Patil Sports Academy, said,“We are delighted to have IDBI Federal Life Insurance partner with us for the 12th edition of the tournament. This association will enable us to encourage and motivate domestic cricketing talent in the country and also the passionate cricket fans of Navi Mumbai. Cricket has produced a number of skilled players, who have gone on to achieve great success at the domestic and national level. I would like to thank IDBI Federal Life Insurance on their support and look forward to making this a grand success.”
On this occasion, Vighnesh Shahane, CEO, IDBI Federal Life Insurance said, “D Y Patil T20 Cricket Tournament is one of the prestigious and sought after tournaments in the domestic cricketing circuit. Most of these cricketers who have played in this tournament have gone on to earn laurels for themselves at the state and country level. Our association with sports and fitness properties emerge from this vision of shaping a better tomorrow. We are truly excited about this tie-up and would like to thank D Y Patil Sports Academy in providing us the opportunity to identify new talent who could go on to represent the country in achieving greater glory.”
About IDBI Federal Life Insurance
IDBI Federal Life Insurance is one of India’s growing life insurance companies and offers a diverse range of wealth management, protection and retirement solutions to individual and corporate customers.
IDBI Federal Life Insurance Co Ltd is a joint-venture of IDBI Bank, India’s premier development and commercial bank, Federal Bank, one of India’s leading private sector banks and Ageas, a multinational insurance giant based out of Europe.
Having commenced operations in 2008, IDBI Federal was able to achieve breakeven within just 5 years; the Company’s passion for innovation and growth helped it achieve this feat.
Through a nationwide network of 2, 964 branches of IDBI Bank and Federal Bank, and a sizeable network of advisors and partners, IDBI Federal Life Insurance has achieved presence across the length and breadth of the country. As on March 31, 2015, the company has issued nearly 7.88 lakh policies with a sum assured of over Rs. 41,856 crore. IDBI Federal Life Insurance has total assets under management of 4,087 crore and a robust capital base of over 800 crores, as on March 31, 2015.
About the sponsors of IDBI Federal Life Insurance Co Ltd
IDBI Bank Ltd. continues to be, since its inception, India’s premier industrial development bank. It came into being as on July 01, 1964 to support India’s industrial backbone. Today, it is amongst India’s foremost commercial banks, with a wide range of innovative products and services, serving retail and corporate customers in all corners of the country from 1389 branches and 2301 ATMs. The Bank offers its customers an extensive range of diversified services including project finance, term lending, working capital facilities, lease finance, venture capital, loan syndication, corporate advisory services and legal and technical advisory services to its corporate clients as well as mortgages and personal loans to its retail clients. As part of its development activities, IDBI Bank has been instrumental in sponsoring the development of key institutions involved in India’s financial sector – National Stock Exchange of India Limited (NSE) and National Securities Depository Ltd, SHCIL (Stock Holding Corporation of India Ltd), CARE (Credit Analysis and Research Ltd).
Federal Bank is one of India’s leading private sector banks, with a dominant presence in the state of Kerala. It has a strong network of over 1,142 branches and 1,312 ATMs spread across India. The bank provides over four million retail customers with a wide variety of financial products. Federal Bank is one of the first large Indian banks to have an entirely automated and interconnected branch network. In addition to interconnected branches and ATMs, the Bank has a wide range of services like Internet Banking, Mobile Banking, Tele Banking, Any Where Banking, debit cards, online bill payment and call centre facilities to offer round the clock banking convenience to its customers. The Bank has been a pioneer in providing innovative technological solutions to its customers and the Bank has won several awards and recommendations.
Ageas is an international insurance group with a heritage spanning 190 years. Ranked among the top 20 insurance companies in Europe, Ageas has chosen to concentrate its business activities in Europe and Asia, which together make up the largest share of the global insurance market. These are grouped around four segments: Belgium, United Kingdom, Continental Europe and Asia and served through a combination of wholly owned subsidiaries and partnerships with strong financial institutions and key distributors around the world. Ageas operates successful partnerships in Belgium, the UK, Luxembourg, Italy, Portugal, Turkey, China, Malaysia, India and Thailand and has subsidiaries in France, Hong Kong and the UK. Ageas is the market leader in Belgium for individual life and employee benefits, as well as a leading non-life player through AG Insurance. In the UK, Ageas is the second largest Motor insurer and has a strong presence in the growing over 50's market. Ageas employs more than 13,000 people in the consolidated entities and over 30,000 in the non-consolidated partnerships, and has annual inflows of more than EUR 23 billion.
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