Wealthsurance Dreambuilder offers flexible, customized investment options
Covers 17 major diseases, hospitalization and accidental injuries

Private life insurer IDBI Federal Life Insurance today announced the launch of its new ULIP called Wealthsurance® Dreambuilder Insurance Plan which will enable customers to save and build wealth under the protective cover of insurance.
 

Wealthsurance® combines wealth creation and insurance protection into one powerful financial solution. With a minimum...  Read More »

IDBI Federal has launched a new term insurance plan for senior citizens up to the age of 85 years. IDBI ‘Termsurance Seniors Insurance Plan’ aims at providing a guaranteed cover to those between 50 to 85 years of age without any medical test.

The premiums are as low as Rs 100 per month and comes with a no-questions-asked, no-medical-tests, guaranteed acceptance and offers a life insurance cover.
 

Plan benefits of IDBI Termsurance Seniors Insurance Plan are:

. In case of death of the...  Read More »

For individuals who are looking to secure their retirement years, IDBI Federal Life Insurance has launched a new unit linked pension plan called ‘Retiresurance Milestone Pension Plan’.

Managing finances during retirement can be extremely difficult especially in today’s scenario when the value of money seems to be depreciating. Add to this high inflation costs which can put one under a financial burden. Thus securing oneself financially in old age or retirement years has become a necessity.Read More »

The Reserve Bank of India (RBI) being the regulatory authority of the banking system, recognizing the need for banks to diversify their activities, permitted them to enter into the insurance sector through the bancassurance model.

Bancassurance refers to banks acting as corporate agents for insurers to distribute insurance products by combining them with their typical banking products or services.  The blending of life insurance and non-life insurance products while promoting their own banking...  Read More »

Wealthsurance Premier is the new ULIP launched by IDBI Federal Life Insurance Company. The plan is designed for customers who want to invest in a ULIP without the hassle of paying regular premiums.  IDBI’s Wealthsurance Premier is a single premium Unit linked insurance plan (ULIP) that provides various options to policyholders.

Customers can start this plan by paying only one premium and enjoy the benefits for the entire term of the policy. In future, if the policyholder wishes to invest more...  Read More »

IDBI Federal Life announced that the company is expecting a 70% growth in the total premium income in the current fiscal.

The company is a joint venture between IDBI Bank, India’s development and commercial bank, Federal Bank, one of India’s private sector banks and the Europe’s Ageas. IDBI Bank owns 48% equity while Federal Bank and Ageas own 26% equity each.

IDBI Federal Life only started operations in 2008 and has issued over lakh 2.60 lakh policies as on December 31, 2010 with over Rs...  Read More »