IDBI Federal Childsurance® Dreambuilder Insurance Plan
Whether your child wants to be a doctor, an engineer, an MBA, a sportsman, a performing artist, or dreams of being an entrepreneur, the IDBI Federal Childsurance® Dreambuilder Insurance Plan will keep you future-ready against both, changing dreams and life’s twists. It allows you to create build and manage wealth by providing several choices and great flexibility so that your plan meets your specific needs. However, what makes Childsurance a must-have for any parent who is looking to make their child’s future shock-proof is its powerful insurance benefits. Childsurance allows you to protect your child plan with triple insurance benefits so that your wealth-building efforts remain unaffected by unforeseen events and your child’s future goals can be achieved without any hindrance.
IDBI Federal Lifesurance® Savings Insurance Plan
IDBI Federal Lifesurance® Savings Insurance Plan is a fixed term participating endowment policy that provides you with the twin benefits of long-term savings and life cover. It is a guaranteed plan that allows you to accumulate considerable savings to meet your responsibilities in life. The IDBI Federal Lifesurance Savings Insurance Plan (hereinafter referred to as Lifesurance) also offers you the benefit of a death cover that provides financial security to your family in your absence.
IDBI Federal Bondsurance™ Plan
Given the ever-changing market conditions, a certain segment of customers prefer to invest their money in guaranteed return products. Bondsurance™ is designed for customers looking for guaranteed returns which will not get affected by financial market conditions. It offers guaranteed return on investment along with life insurance cover. Investment in the Plan is eligible for deduction under Sec 80C of the Income Tax Act and the maturity amount is tax-free under Sec 10(10D) of the Income Tax Act.
IDBI Federal Bondsurance™ Advantage Plan
The IDBI Federal Bondsurance Advantage Plan is a single premium plan where you need to make just a one-time investment. You can choose a Maturity Period of 5, 7, 10, 15 or 20 years. At the end of the chosen period, you will receive a guaranteed maturity amount. In case of death of the insured person before the Maturity Date, a guaranteed* Death Benefit will be paid.
IDBI Federal Healthsurance® Hospitalisation and Surgical Plan
Every year, millions of adults in India are admitted to hospitals due to illness or injury. With the sharp rise in lifestyle diseases in the country, hospitalization has now become a real chance for most of us. Yet, when you bring up hospitalization, "It won’t happen to me!" is the typical response from people at large. It is this insight that helped us create IDBI Federal Healthsurance™ Hospitalisation and Surgical Plan. This new insurance plan offers a host of features and benefits that are designed to help you manage the extra financial burden that comes with hospitalisation.
IDBI Federal Homesurance® Protection Plan
Homesurance® Protection Plan is a mortgage reducing term insurance plan that secures the policyholder, irrespective of interest fluctuations at a nominal cost with high benefits. IDBI Federal Homesurance® Protection Plan provides full insurance cover for properties even under construction, thus ensuring that the beneficiary gets the full sanctioned amount in case of any unfortunate event. It also has an innovative fixed period cover for those who would aim to prepay their loans early and would find a cover for the full term a waste.
IDBI Federal Incomesurance™ Endowment & Money Back Plan
IDBI Federal Incomesurance™ Endowment & MoneyBack Plan is a unique combination of the oldest type of insurance policies. On purchasing a typical endowment plan, it is difficult to know the final maturity amount at the time of investing. Also, the maturity date is usually fixed and therefore, if your goals shifted, like getting your daughter married earlier, your plan would not provide the required flexibility. Knowing the customer helped us to combine the Endowment & Money Back plans into a single plan that would allow you to withdraw at maturity but also take your money back at intervals. This way, you can now have the flexibility to tailor your investment to your life’s goals. To add, we linked the returns to the G-Sec rates, transparently declared by the government. This way, you would know the exact amount on maturity at the time of investing. So you could invest according to the desired corpus you intended to build. The Premium is eligible for tax deduction under Sec 80C. Also, the Guaranteed Annual Payout and other benefits upon death are tax-free under Sec 10(10D).
IDBI Federal Loansurance® Group Life Plan
With the growing number of loans taken in the country, it is important to provide the borrower’s family with security. This insight has led to the ® product, IDBI Federal Loansurance Group Life Plan, a cost-effective way to ensure that the outstanding debt is settled in the unfortunate event of death of the borrower. This term assurance plan provides cover to a person directly liable for loan repayment (and the partners, in case of a partnership).
IDBI Federal Group Microsurance® Plan
Microfinance is recognised globally as the foremost tool in pulling large numbers of poor households from the grip of poverty. Micro-insurance in particular is an explicit need and desire of poor households as it offers some protection from their intense vulnerability to external shocks. IDBI Federal Microsurance® Plan is a one of its kind insurance plan which can be very useful for various Micro Financial Institutions and NGOs, wherein not only the members but even the member’s family gets an insurance cover.
IDBI Federal Termsurance® Grameen Bachat Yojana
IDBI Federal Termsurance® Grameen Bachat Yojana is a low-cost risk protection plan targeted at the rural population. It is an ideal plan to protect family members in the event of unfortunate demise of the major income earner and also to save for specific events like repayment of loan, daughter's marriage or child's education. The plan offers life cover at a nominal cost along with the option of refund of premiums paid by you at maturity. This product has got a very unique mix of options that allow the customers to receive either of 0%, 50%, 90% or 100% return of premium. The coverage terms offered are 3 years, 5 years & 10 years. The customer has the flexibility of get the sum assured ranging from Rs. 5,000 to Rs. 1,00,000 in the multiples of Rs. 1,000.
IDBI Federal Termsurance® Grameen Suraksha Plan
IDBI Federal Termsurance® Grameen Suraksha is a low-cost, simple term individual insurance plan targeted at the rural population. It is an ideal plan to protect the policyholder’s family members in the event of unfortunate demise of the major income earner.
IDBI Federal Termsurance® Group Life Plan
The IDBI Federal Termsurance Group Life Plan is a pure term plan designed to cater to a wide variety of formal and informal groups such as the Employer-Employee groups, bank - depositor/customers groups, customer-supplier groups, professional and affinity groups. It is a group term insurance plan that provides basic life insurance protection to the members of the plan.
IDBI Federal Termsurance® Protection Plan
A term plan is a term plan, that’s how this product has been seen.We realized, different people have different needs for insurance. Some look for a large cover option at a low cost, while others seek return of premium on maturity of the policy. There are some who may want their plan to keep in touch with inflation, while others may seek flexible premium payment options. IDBI Federal Termsurance® Protection Plan is not a typical term insurance plan, that gives you a cover for the premium, it is innovatively designed to deliver more value to the customers who are looking for a flexible protection plan and a large insurance cover at an affordable cost. The plan offers a Level Paying Term, like a usual term plan. In addition it also offers a Return of Premium so you can get the premiums paid, back on maturity. That’s not all, we understood that by the time an insurance policy matures, inflation and rising costs can make the cover inadequate. IDBI Federal Termsurance® Protection Plan offers the unique Increasing Cover option that automatically increases the cover every year without increasing the premium. This way, your sum assured keeps increasing just like rising costs and inflation, keeping you adequately covered till maturity. The Premium is eligible for tax deduction under Sec 80C.
IDBI Federal Termsurance® Seniors Insurance Plan
A 'no questions asked' whole life protection plan that protects your loved ones after you. This plan is designed to offer people over the age of 50, a whole life cover with guaranteed acceptance. In other words, we will never say no, no matter what your health condition. One can enroll up to the age of 85 years. The plan offers you life cover without the hassles of going through medical tests and disclosures of medical reports. Also, the premiums will never increase and you can also enjoy tax benefits u/s 80C and 10(10D).
IDBI Federal Wealthsurance® Milestone Plan
The combined knowledge of our partners’ customer base of over 9 million, and the combined expertise in the insurance business allowed us to look at the category in a different way. Customers are often left perplexed by the various insurance options, insurance plus investment options, insurance riders and the multitude of other complicated terminologies that hit them every day. This is apparent in the way customers buy insurance - as an investment. So we decided to design one product that can have the flexibility to incorporate within itself, all the possible investments and insurance combinations. We realised that, to reach long-term financial goals, one needs to have a balanced investment plan. If this plan continues to work, the power of compounding can ensure that one would logically reach their goals. Simple, isn’t it? Unfortunately, life is uncertain and any plan is incomplete without being prepared for uncertainties. Be it your changing risk appetite or a major illness or accident that poses a sudden financial demand that could force one to break this plan. One break in a continuous investment plan can heavily dent your investment objectives. This very insight forms the basis of our product. Presenting an insured wealth plan. A plan that not only allows the policyholder to invest according to their changing risk appetite; it also provides a host of insurance benefits to protect them against uncertainties, so that they don’t have to break their investment to meet sudden financial demands and their money can keep compounding. The Wealthsurance® Milestone Plan enables the policyholder to save and build wealth to meet their financial goals. This Plan comes with a wide range of 13 investment options and 7 insurance benefits - all packaged with a low charge structure and unmatched flexibility. Moreover, get tax benefits on investment and returns under Sec 80C and Sec 10(10D).
IDBI Federal Wealthsurance® Premier Insurance Plan
IDBI Federal Wealthsurance® Premier Insurance Plan is a single premium ULIP plan, which is designed keeping in mind specific requirements of high net-worth individuals. The objective of the plan is to facilitate growth of your wealth under the protective cover of insurance. The plan has low and level charges and for premiums above Rs 25 lacs there is no policy administration charge and no premium allocation charge. HNI's can choose the policy term as per their need. The minimum policy term is 5 years and maximum policy term is 75 years (less age at entry).
* Conditions apply