IDBI Federal Term Life Insurance

IDBI Federal Term Life Insurance

  • Renew or Buy policy in just 2 mins
  • 1,00,000 + Happy Customers
Get Instant Quotes

(eldest member)
Tobacco ?

IDBI Federal Term Life Insurance Company

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.

IDBI Federal Life Term Plans

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.

IDBI Federal Life Insurance iSurance Flexi Term Plan

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.

IDBI Federal Life Insurance iSurance Online Term Insurance Plan

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.

IDBI Federal Life Insurance Termsurance Sampoorn Suraksha Micro-insurance Plan

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.

IDBI Federal Life Insurance Termsurance Life Protection Insurance Plan

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.

Documents Required

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.

Rent agreement.

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.


PAN card

Voter’s identity card

Driving license

Job card issued by NREGA, signed by a State Government officer

Aadhaar card

Claim Process Of IDBI Federal Life Term Insurance

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.


How do I know the status of my policy?

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.

What takes place if I leave out the premium charge?

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.

Contact Address

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 Calculator

*Information provided on this webpage/website is only for the purpose of general information & understanding of the topic. PolicyX or any of its subsidiaries does not endorse any of the information provided herewith and are committed in providing correct and unbiased information to its customers helping them make an informed decision.