IDBI Federal Life Insurance believes in inspiring a positive change in the community
in which it operates. The corporate social responsibility (CSR) initiatives from
the company span diverse areas of the society. From nurturing the sporting fabric
of the country to supporting health and urban community development programmes,
the company believes in an all-round societal enrichment approach.
CSR initiatives from IDBI Federal Life Insurance include:
IDBI Federal Life Insurance Frank Tyson Scholarship
Frank Tyson, one of the fastest bowlers in the world, did a commendable job in
grooming fast and spin bowlers of Mumbai between 1990 to 1993. His protégés like
Abey Kuruvilla, Paras Mhambrey, Salil Ankola, Vighnesh Shahane, Sairaj Bahutule,
Nilesh Kulkarni and many others went on to play first-class cricket for Mumbai.
In his memory, IDBI Federal Life Insurance announced the IDBI Federal Life Insurance
Frank Tyson Scholarship for talented Mumbai and Karnataka cricketers. Minad Manjrekar
and Dhrumil Matkar from Mumbai and Ruchir Joshi and Shashank K from Bangalore, were
recently awarded the scholarship instituted by the company.
Vengsarkar Cricket Academy
IDBI Federal Life Insurance supports Vengsarkar Cricket Academy (VCA) founded
by Dilip Vengsarkar, former India captain and an astute cricket administrator. He
was part of the illustrious Indian squad that won the 1983 ICC World Cup.
Ever since its humble beginnings in 1994, VCA has emerged as one of the finest cricket
academies of India. Over the years, it has produced some iconic players like Yuvraj
Singh, Ajit Agarkar, Ramesh Powar, to name a few. The players are selected on the
basis of merit and the training is provided free of cost. This makes it a great
platform for up-coming cricketers from humble backgrounds to not only showcase their
talent, but also further nurture their cricketing skills.
For more information on Vengsarkar Cricket Academy,
IDBI Federal Life Insurance also associates itself with V Care, an NGO that supports
patients fighting cancer. The NGO was founded by Ms. Vandana Gupta, a cancer survivor
herself, to serve cancer patients at Tata Memorial Hospital. The NGO does this with
help from doctors, nurses and support staff of the hospital. In its year of inception
itself, in 1994-95, V Care helped over 500 patients in different ways. Today, V
Care supports up to 15,000 patients every year in their fight against this dreadful
In its effort to support urban community development, IDBI Federal Life Insurance
supports Apnalaya, an NGO based in Govandi, Mumbai. Their work spans areas like
education, healthcare, disability and women’s empowerment. Their work model is based
on Partnership and Participation.