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IDBI Federal life insurance Co.Ltd is a joint venture of three corporations, IDBI Bank, considered one of India’s top commercial bank and Federal Bank, one of the strongest banks in India in the personal sector along with Ageas, an international insurance company primarily based out of Europe.
Company's Past Performance
IDBI Federal life Insurance Co Ltd has launched itself as one of India's growing life insurance company as it has managed to obtain top image within five years of its operations.
The IDBI Federal Life insurance Company’s outstanding and innovative portfolio of products includes wealth control and safety services along with the availability of retirement solutions. The business enterprise has an entry to branches of both IDBI bank and Federal bank.
IDBI Federal life Insurance Co Ltd
Federal bank is a private bank based in Aluva, Kochi, Kerala. Mounted on the pre-independence technology, the bank these days has many branches and ATMs spread throughout different states. It has received numerous awards for its innovations and smart use of technology, establishing itself as one of the strongest and one of the strongest banks in India.
Ageas is a multinational insurance company that comes amongst the top insurance companies of Europe.
Top 10 Most Trusted Life Insurance brands of India in the Economic Times' Brand Equity Survey
Life Insurance company of the year 2017 at the India Insurance Summit and Awards
Insurance Company of the year 2017 at Assocham Insurance Excellence Awards
Life Insurance Company of the Year - Medium & Small (Private Sector) at the Fintelekt
Insurance Awards 2017
A unit-linked insurance plan that gives your life cover and helps build wealth over the long term. In this plan, the investment risk in the investment portfolio is borne by the policyholder.
A unit-linked plan that lets you choose how to build your wealth. It manages your investments as per your risk appetite and offer guaranteed loyalty additions to boost your savings. Provides tax benefits on the premiums paid as well as benefits received.
A unit-linked insurance plan that enables you to fulfill your child’s dreams. Life cover with triple benefits along with guaranteed loyalty additions to boost savings plus tax benefits.
A single premium unit-linked plan that helps you maximise returns on your investment, with a one-time effort. Guaranteed loyalty additions to boost your investment along with life cover for financial protection of your loved ones.
Register a death claim: A death claim is to be registered by filing following documents:
Death claim form
Authentic coverage report
Unique / Attested copy of death certificate issued by Municipal enterprise
Attested replica of nominee’s photograph identity and home proof (list of files)
Clinical information on the time of loss of life and documents associated with any past illnesses of the insured individual
Cancelled check of the nominee’s bank account (containing the IFSC code)
A death claim is registered on the date of the receipt of the written intimation and submission of the above files.
Claim Processing: If the employer deems that all the documents submitted through you are whole, then your claims may be settled within 8 working days.
Claim Payout: The claim amount will be transferred to the bank account of the nominee through DIGITAL Fund switch. In case of a digital Fund switch failure, a cheque can be sent to the nominee’s mailing deal with.
To check the status of your policy, go to the IDBI Federal site. You have to fill the policy number in the track application segment to check your status.
In case you pass over the premium price, your plan will lapse and you'll have to revive it within 2 years from the day of lapsation. Refer your product documentation to know about this.
The claim must be stated at the earliest and you may refer the subsequent link to avail the death advantage claim form their legitimate website.
If the authentic policy file is misplaced, you'll be requested to submit some files and the claim will be processed.