Kolkata: IDBI Federal Life Insurance Company has now been rebranded as Ageas Federal Life Insurance Company with Ageas Insurance International raising its stake to 49% in it from 26%. In view of the prevailing Covid-19 situation and the latest advisory issued by the Government Agencies, we are operating with limited branch offices . It is a Traditional Plan without Bonus facility. Q: What is the policy cancellation process for IDBI Federal Life term insurance plans? It will continue to increase annually at same rate after Policy Term in case Increasing Monthly Income Benefit paid beyond the policy term. Option to pay premium just once or for a limited period or throughout the policy term. For November 2020, IDBI Federal Life saw a 12.14 percent YoY growth in new premiums to Rs 51.52 crore. MyLife Protection Plan. IDBI Federal Life Insurance Claim Settlement Ratio Trend. #Top Selling Online plans refers to IDBI Federal Life Insurance plans which are frequently bought by customers through the website. IDBI Federal Termsurance Protection Plan. Policybazaar does not in any form or manner endorse the information so provided on the website and strives to provide factual and unbiased information to customers to assist in making informed insurance choices. Pay premium for 10 years and receive secured income for next 10 years, Secure your family financially with a life cover for 20 years, Enhanced protection in case of disablement. About IDBI Federal Life Insurance Co. IDBI Federal life insurance Company is a composition of three major players which are IDBI Bank, India’s premier development and commercial bank, Federal Bank, one of the India’s leading private sector banks and Ageas, a multinational insurance giant based out of Europe. IDBI Federal Life Insurance Company was established in the year 2008. The bank's shareholding in the insurance joint venture now stands at 25% from 48%. The product information for comparison displayed on this website is of the insurers with whom our company has an agreement. IDBI Federal term plan is considered to be some of the best term insurance plans in India. The company commenced its operations in 2008. The company is headquartered in Mumbai and has a multi-channel network that consists of insurance brokers, agents, bancassurance partners, etc. 50 lakhs and a maximum of 30 crore. There are 8 types IDBI Federal term plans that provide you financial stability. You can also visit the nearest IDBI Federal branch or contact the nearest IDBI Bank or Federal Bank branch to forward the grievance to IDBI Federal. With Income Protect Plan you can be assured about your family’s financial security with a life insurance cover. IDBI Federal Termsurance Group Insurance Plan is a group term plan, designed especially for a wide variety of informal and formal groups like the employer-employee groups/ customer-supplier groups/ bank-depositor groups/ professionals and affinity groups. For every delay thereafter, the company will pay a penalty charge of 8% to the beneficiary. The claim amount will be directly deposited in your bank account. Lump sum Benefit: 12 times of Monthly Income as on the date of death. IDBI Federal Life Insurance is a joint venture of IDBI Bank, one of the fastest growing and premier commercial and development bank of India, as well as Federal Bank, one of the most sought after private banks in the country as well as Ageas, which is a multinational insurance company in Europe. The Compliance Officer of the Company is designated as the Chief Grievance Redressal Officer. 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. It has many types of life covers on offer, including the excellent term insurance covers. E.g. IDBI Federal Life Insurance – Life Insurance Plans in India. You can opt for any term between 10 years and 30 years. Check IDBI Federal Life Insurance Claim Settlement Ratio trend for last 6 years. After receiving the documents and scrutinizing them, the refund is credited into the policyholder’s bank account as per the policy’s records, and the policy is cancelled. The company has a strong product line-up with various plans including term plans, endowment plans, child plans, ULIPs, retirement plans, group plans, etc. IDBI Federal Life Insurance Co Ltd. is a three way joint-venture of IDBI Bank, an Indian development and commercial bank; Federal Bank, one of India’s leading [peacock term] private sector banks and Ageas, a multinational insurance giant based out of Europe. Lump sum benefit to take care of immediate expenses. Solve this simple math problem and enter the result. Using this application our customers can get their policy related information on their fingertips. Minimum Guaranteed Sum Assured on Maturity (Maturity Sum Assured). There are 3 variants of the plan. You have the option to add an Accidental Death Benefit Rider at a nominal cost to the IDBI Federal iSurance Flexi and Online Term Insurance Plans for enhanced protection. Insurance is the subject matter of solicitation.Visitors are hereby informed that their information submitted on the website may be shared with insurers. This term assurance plan provides cover to a person directly liable for loan repayment. Coverage up to 80 years. Q: How can I check policy status for IDBI Federal Life term insurance plans? No.103, Federal Towers, Aluva, Ernakulam, Kerala -683101. A low cost protection plan that targets the rural market. Eligibility. We believe in transparency & honest selling. This is why; we have built flexibility into the policy term of the plan. IDBI Federal Life Insurance Company ?is one of the up and coming life insurance companies in India. The company is one of the fastest-growing life insurance companies in India. is a mortgage reducing term assurance plan - MRTA, which provides insurance cover equal to the outstanding balance of your home loan. A comprehensive term insurance plan that provides you with 3 options namely level cover, increasing cover and level cover with return of premium. The Company has appointed the Branch Heads of the respective branches of the Company as the “Grievance Officer” for their respective offices. Mumbai 400 013. *The information provided on this website/page is only for information sake. Copyright 2021 IDBI Federal Life Insurance. and provide the relevant policy information to enter the site and check the current status of your policy. All Rights Reserved. IRDAI Registration No. Insurance is the subject matter of the solicitation. A term insurance plan that gives you the power and flexibility to take complete charge of the financial future of your loved ones. iSurance Flexi Term Plan. Household budgeting in the Post Demonetisation era. IDBI Federal Life Insurance. Three life cover options to suit individual needs. The 3 pay tenure can be treated as Single Premium by paying the … On death of the insured person, provided the policy is in force and all due premiums have been paid in full; the beneficiary would be paid the Death Benefit as illustrated below: Death Benefit will be subject to higher of: The total of Lump Sum Benefit and Increasing Monthly Income Benefit shall not be less than highest of: Tax benefits# on premiums paid and benefits received: You may be eligible for tax benefits (u/s 80C) for the premiums paid, and (u/s 10 10D) for the benefits received under the policy as per prevailing tax laws. IDBI Federal Life Insurance. IDBI Federal Term Plans iSurance Online Term Plan: iSurance online term plan pays out a lump sum amount to the beneficiary on the account of death of the policyholder. IDBI Federal Life Insurance Wealth Gain Insurance Plan If you want to choose a unit-linked insurance plan that can give you both life cover as well as wealth over the long term, Wealth Gain Insurance Plan from IDBI Federal Life Insurance can be suitable for you. Flexibility to choose policy term and premium payment term. Since this is a term insurance plan, there is no Maturity Benefit under this policy. This plan offers you a minimum life cover of Rs. Q: What is the policy renewal process for IDBI Federal Life term insurance plans? IDBI Federal Homesurance Protection Plan is a Decreasing Term Plan for Home Loans. Of up to 10 % when you buy online term assurance plan provides to. Growing Life insurance protection to the members mentioned in the year 2008 you financial to... Or 10 years and 30 years ( Regn & financial stability to your family in! It to your nearest IDBI Federal term plans that provide you financial stability to your nearest IDBI Federal protection! 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