135, 19th Dec, 07. Insurance is the … 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. Increasing Monthly Income Benefit: Monthly Income as on the date of death will be paid for the outstanding policy term subject to a minimum of 5 years, increasing at a simple rate of 5% every year. Any absolute amount assured to be paid on death. … Q: How to pay premium? A low cost protection plan that targets the rural market. #Tax Benefits are as per the Income Tax Act, 1961 and are subject to changes in the tax laws from time to time. E.g. Fill the suitable claims form and submit the medical bills and reports and other documents as requested by the company to the nearest branch. IDBI Federal term insurance plans help you plan for financial protection for your family in case of an unfortunate event. For payment through online, policyholder must visit e-portal of company. Under the IDBI Federal iSurance Flexi and Online Term Insurance Plans, you can buy a term insurance cover from Rs.50 lakhs to Rs.30 crores. Insurance is the … & Interest Certificates India Remit: CIN of IDBI Bank - L65190MH2004GOI148838 The product information for comparison displayed on this website is of the insurers with whom our company has an agreement. For November 2020, IDBI Federal Life saw a 12.14 percent YoY growth in new premiums to Rs 51.52 crore. 135, 19th Dec, 07. IRDAI Registration No. MyLife Protection Plan. 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. Copyright 2021 IDBI Federal Life Insurance. Follow, like, tweet or post. Using this application our customers can get their policy related information on their fingertips. With age, your responsibilities and liabilities also keep changing. Personal > Investment > Investment Advisory > Life Insurance: Life Insurance Plans-IDBI Bank Life Insurance. iSurance Flexi Term Plan. This term assurance plan provides cover to a person directly liable for loan repayment. IDBI Federal term insurance plans help you plan for financial protection for your family in case of an unfortunate event. Tax Benefits are as per the Income Tax Act, 1961, and are subject to changes made thereto from time to time. The claim amount will be directly deposited in your bank account. 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. No. Mumbai 400 013. 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. It is a joint venture between IDBI Bank, Federal Bank and Ageas. Minimum Guaranteed Sum Assured on Maturity (Maturity Sum Assured). These are cheapest form of life insurance plans which are designed to provide full protection & financial stability to your family. You can track you application from the above link in case you have recently applied. It offers various convenient and affordable life insurance products like term plans, ULIPs, savings plans, and retirement solutions. How To Ensure That Your Tax Saving Investment Does Much More Than Save Tax, Make Your Online Term Plan Your Family’s Monthly Pay Cheque. Increasing Monthly Income Benefit to help manage the regular expenses of your family, in your absence. IDBI Federal Life Insurance Company is India’s one of the fastest growing life insurance companies. It is a traditional plan without Bonus Facility. It has many types of life covers on offer, including the excellent term insurance covers. Increasing Monthly Income Benefit cannot be commuted as a lump sum. All Rights Reserved. Coverage up to 80 years. Ans: You can choose from ANY of the following premium modes from IDBI Life Insurance, Ans: As a registered user, please visit the site. There are 8 types IDBI Federal term plans that provide you financial stability. You can fill the e-Policy Conversion Form and submit it to your nearest IDBI Federal branch. Lump sum benefit to take care of the immediate expenses. 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. A comprehensive term insurance plan that provides you with 3 options namely level cover, increasing cover and level cover with return of premium. IDBI Bank on Thursday said that it has completed sale transaction of its 23% stake in IDBI Federal Life Insurance Company Limited (IFLI) to Ageas Insurance International JV for a … 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%. Term between 10 years in annual mode through IDBI & Federal Bank is a reputed name in the insurance venture! For November 2020, IDBI Federal Life term insurance plan that provides you with 3 options namely level cover Guaranteed... Group pure term insurance plans policy term developed to service needs of our esteemed customers IDBI & Bank. For payment through online, policyholder must visit e-portal of Company sum assured ) Mobile... This website is of the insurers with whom our Company has appointed the branch Heads of the Company headquartered. 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