In a major move after becoming a universal banker from a development financial institution, IDBI Ltd was in the process of floating an insurance company in the life category, its chairman V P Shetty said.
IDBI had already appointed an insurance consultancy firm Watson & Wyatt to work out a model, Shetty said, adding that the matter would be crystallised within two to three months.
Shetty said IDBI would like to have a joint venture partner in the life insurance