IDBI Fortis Life Insurance has informed that the company will shortly open 24 branches, including six in Tamil Nadu, to expand its footprints in the southern region. 

The company, a joint venture of IDBI, Federal Bank and Fortis, Europe's banking and insurance firm, has launched its operations in March, this fiscal. 

Under its proposed expansion plan, the firm intends to open 100 branches across the country in coming months. 

Recently, the company has collected a premium of over Rs 100 crore within a record time of five months, since its inception, demonstrating to be the fastest growing new life insurance company in the private sector.