IDBI Federal Insurance Co. Ltd. is a joint venture between India’s main development and commercial financial institution, IDBI Bank, and the Federal bank, which is one of the leading multinational insurance company based out of Europe. One of the fastest growing organizations within the insurance sector, IDBI Federal life showed exemplary growth when you consider that it was launched in 2008. As of now, their pan India presence and synergy among distinct operations are striving hard to offer the clients complete insurance and wealth management offerings. A diverse portfolio of products is being serviced by using a committed team of employees to deliver the best solutions to customer’s needs.Awards And Accolades
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.
The term plans offered by the company offers the dual advantages to ensure protection and financial stability of the customer and their households. There are plans that offer a return of premium in addition to other benefits apart from offering simple life insurance. Those plans are designed to offer a healthful life coverage insurance.
A simple term insurance plan tailor-made for life with the option of hassle-free online buying, coverage up to 80 years. It offers Lump sum payout on death and regular monthly income to your family for 15 years and several other beneficial options to choose.
Offers life cover up to 80 years of age. In case of death of the insured, a one-time payout is made to the beneficiary.
A pure term insurance plan that provides life Insurance cover to you by paying a lump sum benefit to your family in case of an unfortunate death.Choice of single or regular premium payments and an additional amount in case of an accidental death.
A plan that helps you secure your family’s dreams, no matter what. It provides the option to get a return of premium on maturity with high sum assured discount. It also provides premium payment options as per your choice.
When it comes to term insurance, it is very important to keep the required documents before filing a claim. Here is the list of useful documents that you may require.
Property tax or municipal tax receipt.
Bank account or post office account statement.
Latest utility bills like electricity, gas, and telephone, but it should not be more than 2 months old.
Letter of accommodation allotment from State or Central government, financial institutions or listed companies.
Passport size photograph
Identity Proof: Any one of the below-mentioned documents are to be submitted towards proof of identity.
Voter’s identity card
Job card issued by NREGA, signed by a State Government officer
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.
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