IDBI Federal launches seven new plans

Tags: News
Private insurer IDBI Federal Life Insurance today launched a bouquet of four new individual products catering to various life stage needs of customers along with three new group solutions.

"The latest offerings focus on the consumer needs of financial security, savings and growth of investments. The new range of products offers customers a mix of savings, growth of investments and financial protection. We have also built guarantees into all our traditional products to go in line with the customer need for assured returns," IDBI Federal Life Insurance CEO Vighnesh Shahane said in a release issued here.

The four new individual plans include Incomesurance Guaranteed Money Back Insurance Plan, a guaranteed traditional non-participating money-back plan with a 10-year term, and Lifesurance Savings Insurance Plan, a traditional participating endowment plan with guaranteed additions, bonuses and accidental death benefit.

Childsurance Savings Protection Insurance Plan, a traditional participating endowment plan with guaranteed annual payouts and inbuilt waiver of premium and Wealthsurance Suvidha Growth Insurance Plan, a unit-linked endowment plan aimed at the first time ULIP customer.

The three new group plans include Termsurance Group Insurance Plan, a pure term cover plan for group members, Group Microsurance Insurance Plan, a microinsurance plan, and Loansurance Group Insurance Plan, a group insurance plan aimed to cover the customer's outstanding debt.

IDBI Federal Life Insurance is a joint-venture of development and commercial bank IDBI Bank, private sector bank Federal Bank and Ageas, a multinational insurance giant based out of Europe.

EDITORIAL OF THE DAY

  • It’s time to shift sugarcane production to water abundant states of eastern India

    During the 10 years of UPA rule, the country was able to come out of the so-called sugar cycle — two years of surplus followed by two years of defic

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Simon J Evenett

VW scandal has lessons for Make in India

In recent years, when it comes to widespread corporate wrongdoing, ...

Zehra Naqvi

The flame of hate

Pyre. The name itself evokes a sense of foreboding, casting ...

Dharmendra Khandal

So, how do we define a 'vermin'?

These days there’s an ongoing debate whether to declare various ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture