IDBI is one of the fastest growing life insurance companies which offer a wide range of wealth management, protection and retirement solutions to individual and corporate customers. It is basically a joint venture between IDBI Bank and Federal bank. It commenced operations in 2008.It has around 2, 964 branches. As on March 31, 2015, the company had issued nearly 7.88 lakh policies with a sum assured of over Rs. 41,856 crore. IDBI Federal Life Insurance has entire assets under management of 4,087 crore and a strong capital base of over 800 crores, as on March 31, 2015.
Life insurance is a one stop solution for a secure and tension free life. Life insurance is in demand for several different reasons. We have put the top reason through which you will be able to understand the importance of having a life insurance policy. Life insurance is one of the best plans to secure future of your family and to gain higher returns. Under life insurance plans section, you will get several plans that provide security to your family and some plan will act as a great investment option as well.
Once you set the financial goal, then you must be thinking of different ways to attain the same. This is where life insurance comes into existence. With the help of a life insurance, you will be sure about the fact that your family will be secure and able to live a peaceful life. They don’t have to worry about the financial issues, life insurer will be there to support them in every possible manner.Tax Benefit
By buying a life insurance you would be able to save money on taxes. Even the maturity amount will also be tax-free under Section 10 (10D).Flexibility
Life insurance plans such as ULIPs offers flexibility for asset allocation that suits specific risk needs, searching options and multiple premium payment options as well.Wider Range
Life insurance comes along with a wider range of helpful plans that goes well with a person need such as a child plan, retirement planning, term plan and much more. You will surely get a plan that goes well with your needs. Just search for the right one.Insurance for Financial Security
Yes, insurance helps you with different liabilities such as hospitalization, critical illness, debt redemption, etc. in a cost efficient manner.
Life is short and you possibly can’t guess what the future holds. With the intention to make your family at ease even when you aren't there to help them, pick out a term insurance plan. A term plan gives monetary support to family and allows them to face the uncertainties.
Term insurance is a popular plan because it provides financial coverage at low rates and the family of the deceased receives the complete sum insured amount. If the policyholder survives the policy tenure, this insurance coverage might now not deliver any maturity benefits. Currently, insurance companies have begun providing certain advantages in case the insured survives the policy term, they might pay back a certain percentage of the entire premium paid.
You may wish to have a term insurance, however, just delaying your purchase isn’t always the right thing to do as it only increases the risk of having a trouble at your doorstep. The cash that you have in your bank account isn't enough for your dependents and that’s why you want to buy a term coverage as early as possible.
A premature demise of breadwinner is unfortunate for the family. A term insurance will assist to take care of their monetary desires.
As there is no investment option in the same, the premium for term plans is less when compared to different insurance plans. One would possibly need to pay only one percent of his annual profits for a life cover.Peace of Mind
It offers you a relaxed state of mind as you know that your family needs are covered if something happens to you. It may help your family to pay off different liabilities in case of your demise. Check plans by leading insurance providers and select the best term insurance plan that suits your financial needs.Insurance Plans Turn Out To Be Costly With Age
The premiums of most insurance plans increase with age. So, it’s critical to shop for it in the early phase of your life. Search to buy appropriate term insurance on time as your profits will increase. It’s recommended to check your term insurance necessities and pick out the best term insurance plan to match your needs.Your family will love it
When you cover your life with life insurance, your family will respect you more as it shows that you care about them and think of their needs. The amount of premium paid for the plan is tax-free and hence you can also avail of additional benefits from your plan.
IDBI Federal Life Insurance Company is offering a wide range of effective life insurance plan. You can easily choose the best one for yourself.
IDBI Federal Life Insurance Company Limited
Tradeview, 1st Floor, Oasis Complex,
Kamala City, P.B. Marg, Lower Panel (W), Mumbai-400 013
Tel No.: 022- 66552836
Insurance is the subject matter of solicitation
Disclaimer: The information displayed on this website is of the insurers with whom our company has an agreement. The prospect's particulars could be shared with insurers.