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IDBI Federal Life Insurance (now known as Ageas Federal Life Insurance Company) was established in 2008. It is a joint venture between IDBI Bank, Federal Bank, and Ageas. Headquartered in Mumbai, the company has a multi-channel network that consists of insurance brokers, agents, bancassurance partners, etc.
Ageas Federal term insurance plans offer complete financial protection to the family on the unfortunate death of the life assured. IDBI Federal showcased its impeccable growth strategy that helped it scale great heights in the country only 5 years after its commencement in 2008. The company boasts of a good portfolio of offering its customer's wealth management, protection, and retirement solutions.
IDBI Federal Term Insurance offers an economical way of securing your family after you. Let's have a look at some of the brilliant features of the policy making it one of the best available term insurance plans in the domain.
IDBI Federal Term Plans are some of the best plans in the insurance industry. Read more to find out the benefits of IDBI Federal term insurance:
To secure your family's needs, IDBI Federal Life Term Insurance offers 4 term insurance plans, from which you can choose a well-suited plan for yourself:
An ideal comprehensive life insurance protection plan with life cover to provide financial security to your family, flexible premium payment, and tax benefits.
Unique Features
An affordable and flexible term plan with three life cover options to suit individual needs. The plan offers discounts for females, marathon runners, and non-smokers.
Unique Features
The plan provides financial security to your family with maturity, death, and tax benefits.
Unique Features
An economical term insurance plan with a maturity benefit, high sum assured, and flexible premium payment options.
Unique Features
There are some general exclusions against which the above-mentioned term insurance plans by the IDBI Federal Term Insurance company would not provide coverage. Let's have a look at them:
An optional benefit to enhance the protection that you can add on to your base plan by payment of an additional premium. The Accidental Death Benefit Sum Assured is paid to the beneficiary as a lump sum in addition to the Death Benefit.
IDBI Federal Life allows you to buy a term insurance plan via two platforms. You can either buy the plan online from the official website of the company or through third-party intermediaries like agents, brokers, etc. Given below is a detailed explanation of both these types of the buying process.
**Once the payment is made, you will get a payment confirmation at your registered email address.
**Once the payment is made, you will get a payment confirmation at your registered email address.
Filing a claim for IDBI Federal Term Plan is a simple and hassle-free task. You can easily fill and submit their claims online or offline. To file a claim for IDBI Federal Term Plan, you need to follow the below-mentioned steps.
1. Claim Intimation
VInform the company about the incident via various channels- by writing an email at claims@ageasfederallife.com, calling on the toll-free number (1860 209 0502), filling the online claim form on its website, or by visiting the nearest branch. The following details have to be provided during the intimation of your claim:
A claim reference number/intimation number will be provided to you upon successful registration of the claim.
2. Document Submission
Submit the necessary documents requested by the company to process the claim. In the case of natural death-
In the case of unnatural death (Accidental death/Murder/Suicide)-
3. Claim Settlement
After receiving all the documents and claim forms, the company will verify the details as per their norms. On successful completion, the claim will be settled and the amount will be transferred to the nominee's bank account and the same will be communicated to him/her over call or email.
22nd Floor, A Wing, Marathon Futurex, N. M. Joshi Marg, Lower Parel (East), Mumbai 400013, India
support@ageasfederal.com
Toll-Free Number: 1800 209 0502
See More Term Insurance Articles
See More Term Insurance Articles
Yes, 'IDBI Federal Life Insurance App' is there for IDBI Federal term insurance. Mobile app links are available both on Google Play Store and the iOS Apple Store.
IDBI Federal life insurance settles the claim process within 8 days, on a condition that all the documents are submitted and no further investigation is necessary.
However, in some cases, this limit can be extended if the claim information given is inadequate and needs close inspection
IDBI Federal offers multiple term plans suitable for each and every individual need:
It is a simple and easy-to-understand term insurance plan focusing on the pure protection of your family. You get multiple features like lump-sum death benefits, flexible policy term and premium payments, no medical tests required, tax benefits, and more.
Yes, the plan promises plenty of features like coverage booster along with regular coverage, flexible policy term, premium payment option, and more.
Yes, you get a maturity benefit with IDBI Federal Income Protect Plan.
Read what our customers have to say about IDBI Federal term insurance company
Pulkit Sangar
Gandhinagar
February 18, 2022
I am a guitarist where my earnings are limited but i want to have lot of money for my kids and family in future. Life insurance is a good way to collect lot of money without risk.
Ashwani
Kochi
February 18, 2022
My friend told me to take their plans. They have good plans for long term investments. I took for my family and kids future
Anayesha Siddqui
Hyderabad
October 29, 2021
Very good customer support from IDBI Team. I got the Death Befit of my husband s term insurance policy. With this money, I will fulfil my family s dreams.
Akshay Tripathi
Mumbai
October 29, 2021
Very good company IDBI is. I am happy that I choose to be their customer. Customer support is also very good.
Akshay Choudhary
Kolkata
September 29, 2021
It was a good decision to invest in IDBI Federal Life Insurance. I received a very very good satisfactory response.
Himanshi Singh
Agra
September 21, 2021
I have bought one term insurance from IDBI Federal. The premiums are very affordable, and the customer care of the company also assists very patiently.
Angad Sakhuja
Meerut
September 27, 2021
10 on 10 to this amazing company. Thank you IDBI for fulfilling every investment need of an individual.
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