IDBI Federal Life Insurance Company has launched a new children plan, “IDBI Federal Wealthsurance Future Star Insurance Plan”. It is a unit linked plan, which financially supports important milestones of the child’s future – e.g. higher studies, professional courses, marriage etc., the plan also offers insurance cover to the parents which ensures that if insured parent not being alive, the child will get financial support with an immediate death benefit.
Key Features of Wealthsurance Future Star Insurance Plan:-
- Flexibility to choose the premium amount and policy term
- Choice of 9 investment options as per individual risk appetite
- Life cover for the parent with immediate lump sum payout upon death of the insured parent
- Loyalty additions for staying invested
- Tax Benefit under section 80 C and 10 (10D)
IDBI Federal Life Insurance is one of India’s growing life insurance companies and offers a diverse range of wealth management, protection and retirement solutions to individual and corporate customers. It is
a joint-venture of IDBI Bank, Federal Bank and Ageas, a multinational insurance giant based out of Europe.