The IDBI policyholders must attach all the relevant policy documents along with a duly filled surrender form at any of the branch locations in their city. 135, 19th Dec, 07. All Rights Reserved.. Get an online discount of up to 10% when you buy online. IDBI Federal Termsurance Protection Plan is a Term Plan. https://www.bankbazaar.com/insurance/idbi-federal-term-plan.html Eligibility. Insurance is the subject matter of the solicitation. This is why; we have built flexibility into the policy term of the plan. HASSLE-FREE SETTLEMENT FOR CLAIMS ARISING OUT OF RECENT RIOTS AND NATURAL CALAMITIES. Lump sum benefit to take care of the immediate expenses. A term insurance plan that is designed to offer people over the age of 50, a whole life cover with guaranteed acceptance. Registered Address: IDBI Federal Life Insurance Co Ltd, 22nd Floor, A Wing, Marathon Futurex, N. M. Joshi Marg, Lower Parel (East),Mumbai 400013, India. Policybazaar does not in any form or manner endorse the information so provided on the website and strives to provide factual and unbiased information to customers to assist in making informed insurance choices. Q: How can I check policy status for IDBI Federal Life term insurance plans? The IDBI Termsurance Life Protection Plan is a non-linked, non-participating pure term insurance plan that gives the policyholder options of choosing the insurance cover as per their needs. About IDBI Federal Life Insurance Co. IDBI Federal life insurance Company is a composition of three major players which are IDBI Bank, India’s premier development and commercial bank, Federal Bank, one of the India’s leading private sector banks and Ageas, a multinational insurance giant based out of Europe. In this plan, your nominee will receive: With age, your responsibilities and liabilities also keep changing. Lump sum Benefit: 12 times of Monthly Income as on the date of death. IDBI Federal Life Insurance – Life Insurance Plans in India. IDBI Federal Life Insurance is a reputed name in the Insurance sector. After receiving the documents and scrutinizing them, the refund is credited into the policyholder’s bank account as per the policy’s records, and the policy is cancelled. Under the IDBI Federal iSurance Flexi and Online Term Insurance Plans, you can buy a term insurance cover from Rs.50 lakhs to Rs.30 crores. Benefits and Features. Lump sum benefit to take care of immediate expenses. Once done, the renewal process remains the same as paying premium online. No Medical Examination. You can fill the e-Policy Conversion Form and submit it to your nearest IDBI Federal branch. Personal > Investment > Investment Advisory > Life Insurance: Life Insurance Plans-IDBI Bank Life Insurance. It has many types of life covers on offer, including the excellent term insurance covers. The product information for comparison displayed on this website is of the insurers with whom our company has an agreement. is a mortgage reducing term assurance plan - MRTA, which provides insurance cover equal to the outstanding balance of your home loan. … IDBI Federal Life Insurance Company is India’s one of the fastest growing life insurance companies. These are cheapest form of life insurance plans which are designed to provide full protection & financial stability to your family. This application is developed to service needs of our esteemed customers. These are cheapest form of life insurance plans which are designed to provide full protection & financial stability to your family. The bank's shareholding in the insurance joint venture now stands at 25% from 48%. IDBI Federal Life Insurance Co Ltd. is a three way joint-venture of IDBI Bank, an Indian development and commercial bank; Federal Bank, one of India’s leading [peacock term] private sector banks and Ageas, a multinational insurance giant based out of Europe. IDBI Federal Life Insurance. IRDAI Registration No. We believe in transparency & honest selling. 105% of Total Premiums Paid as on date of death. Registered Address: IDBI Federal Life Insurance Co Ltd, 22nd Floor, A Wing, Marathon Futurex, N. M. Joshi Marg, Lower Parel (East),Mumbai 400013, India. All Rights Reserved. Any absolute amount assured to be paid on death. Federal Bank is a Corporate Agent of IDBI Federal Life insurance Company Limited having its registration number (Regn. IRDAI Registration No. IDBI Bank has completed the sale of its 23% stake to Ageas on the last date of 2020 for Rs 507 crore. Follow, like, tweet or post. Q: What is the company’s process to settle claim for IDBI Federal Life term insurance plans? 10, 15 or 20 years. 135, 19th Dec, 07. Comparison of IDBI Federal premium for term insurance and IDBI Federal quotes will help you to understandevery term plan provided by IDBI Federal Life insurance company. The Compliance Officer of the Company is designated as the Chief Grievance Redressal Officer. Corporate Identity Number (CIN) – U66010MH2007PLC167164. You can opt for any term between 10 years and 30 years. The process is simple. The company commenced its operations in 2008. Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana - 122001, IRDAI Web aggregator Registration No. MyLife Protection Plan. Increasing monthly income for your family in your absence. The company is headquartered in Mumbai and has a multi-channel network that consists of insurance brokers, agents, bancassurance partners, etc. There are 8 types IDBI Federal term plans that provide you financial stability. Since this is a term insurance plan, there is no Maturity Benefit under this policy. IDBI Federal Term Plans iSurance Online Term Plan: iSurance online term plan pays out a lump sum amount to the beneficiary on the account of death of the policyholder. Option to pay premium just once or for a limited period or throughout the policy term. Using this application our customers can get their policy related information on their fingertips. A micro insurance online term plan that is aimed at providing insurance protection to the poor. and provide the relevant policy information to enter the site and check the current status of your policy. IDBI Federal term plan is considered to be some of the best term insurance plans in India. There are 8 types IDBI Federal term plans that provide you financial stability. IRDAI Registration No. Increasing Monthly Income Benefit: Monthly Income as on the date of death will be paid for the outstanding policy term subject to a minimum of 5 years, increasing at a simple rate of 5% every year. for 1+3, enter 4. For your convenience, you can choose the most suitable option of premium payment i.e. With Income Protect Plan you can be assured about your family’s financial security with a life insurance cover. 06 Registration Code No. IDBI Federal Life Insurance Wealth Gain Insurance Plan If you want to choose a unit-linked insurance plan that can give you both life cover as well as wealth over the long term, Wealth Gain Insurance Plan from IDBI Federal Life Insurance can be suitable for you. & Interest Certificates India Remit: CIN of IDBI Bank - L65190MH2004GOI148838 It is a joint venture between IDBI Bank, Federal Bank and Ageas. Written By: PolicyBazaar - Updated: 31 December 2020. IFL 1533051) and Registered office at P.B. Q: How to pay premium? The claim amount will be directly deposited in your bank account. Ans: It will take maximum 30 days for policy cancellation process. Insurance is the … The private life insurance industry saw a de-growth of 5.15 percent for the same period. Corporate Identity Number (CIN) – U66010MH2007PLC167164. Term Deposit Calculator: Easy Access: Retail Loan Stmt. A term plan which ensures that the outstanding debt is settled in the unfortunate event of death of the insured member. Product information is authentic and solely based on the information received from the Insurer© Copyright 2008-2021 policybazaar.com. Q: What is the policy cancellation process for IDBI Federal Life term insurance plans? Policyholders stand to benefit from a hassle-free process since the policy can be purchased online, with the medical test being conducted in the policyholder’s home. Approval for registration as an Insurance Broker is pending with the IRDAI. Sign up our newsletter and get email about term plans. Ans: As an existing IDBI customer, you can convert all your paper policies into e-Policy to conveniently pay online premiums for renewals. Household budgeting in the Post Demonetisation era. The company has a strong product line-up with various plans including term plans, endowment plans, child plans, ULIPs, retirement plans, group plans, etc. #Tax Benefits are as per the Income Tax Act, 1961 and are subject to changes in the tax laws from time to time. E.g. It offers various convenient and affordable life insurance products like term plans, ULIPs, savings plans, and retirement solutions. The corporate agent does not underwrite the risk or act as an insurer. Insurance is the … Every call happens on recorded lines to ensure unbiased advice & No misselling. The Company has appointed the Branch Heads of the respective branches of the Company as the “Grievance Officer” for their respective offices. Kolkata: IDBI Federal Life Insurance Company has now been rebranded as Ageas Federal Life Insurance Company with Ageas Insurance International raising its stake to 49% in it from 26%. The 3 pay tenure can be treated as Single Premium by paying the … This plan offers you a minimum life cover of Rs. Increasing Monthly Income Benefit cannot be commuted as a lump sum. 135, 19th Dec, 07. On-the Spot Issuance. IDBI Federal Homesurance Protection Plan is a Decreasing Term Plan for Home Loans. IDBI Federal Life Insurance Claim Settlement Ratio Trend. Tax benefits # u/s 80C & 10 (10D) Plan overview. Insurance is the subject matter of solicitation.Visitors are hereby informed that their information submitted on the website may be shared with insurers. In view of the prevailing Covid-19 situation and the latest advisory issued by the Government Agencies, we are operating with limited branch offices . Minimum Guaranteed Sum Assured on Maturity (Maturity Sum Assured). Solve this simple math problem and enter the result. Coverage up to 80 years. IDBI Federal Term Insurance. A comprehensive term insurance plan that provides you with 3 options namely level cover, increasing cover and level cover with return of premium. Compare Premiums, buy IDBI Federal Life Term Insurance Plans Online in India. How it works – In this plan, premium can be paid in 3, 5 or 10 years in annual mode. There are 3 variants of the plan. Extensive life cover for a relatively small premium. You will not get a better price anywhere else. It is a Traditional Plan without Bonus facility. IDBI Federal Life Insurance Company Ltd. does not assume responsibility on tax implication. You can track you application from the above link in case you have recently applied. IDBI Federal Life Insurance Company was established in the year 2008. Official Mobile Application from “IDBI Federal Life Insurance Company Limited”. This term assurance plan provides cover to a person directly liable for loan repayment. For November 2020, IDBI Federal Life saw a 12.14 percent YoY growth in new premiums to Rs 51.52 crore. IDBI Bank on Thursday said that it has completed sale transaction of its 23% stake in IDBI Federal Life Insurance Company Limited (IFLI) to Ageas Insurance International JV for a … The IDBI Federal iSurance Online Term Insurance Plan from IDBI Federal Life is an online term insurance offering that offers policyholders comprehensive life coverage as well as accidental death benefit cover. IRDAI/WBA21/15 Valid till 13/07/2021. We are always at your service and you can reach us at email support@idbifederal.com or call us Toll free at 1800 209 0502 to know more click here. A low cost protection plan that targets the rural market. Q: What is the policy renewal process for IDBI Federal Life term insurance plans? You have the option to add an Accidental Death Benefit Rider at a nominal cost to the IDBI Federal iSurance Flexi and Online Term Insurance Plans for enhanced protection. IDBI Federal Termsurance Group Insurance Plan is a group term plan, designed especially for a wide variety of informal and formal groups like the employer-employee groups/ customer-supplier groups/ bank-depositor groups/ professionals and affinity groups. IDBI Federal Termsurance Protection Plan. 50 lakhs and a maximum of 30 crore. It is a traditional plan without Bonus Facility. No.103, Federal Towers, Aluva, Ernakulam, Kerala -683101. Company Limited to Ageas and Federal Bank Mumbai, December 31, 2020: On August 6, 2020, IDBI Bank had announced execution of an agreement to sell up to 27% stake in its joint venture insurance arm, IDBI Federal Life Insurance Company Limited (IFLI), to the other JV partners Ageas Insurance International NV and The Federal Bank Limited. Please consult your own tax consultant to know the tax benefits available to you. Flexibility to choose policy term and premium payment term. Increasing Monthly Income Benefit to help manage the regular expenses of your family, in your absence. Check IDBI Federal Life Insurance Claim Settlement Ratio trend for last 6 years. Corporate Identity Number (CIN) – U66010MH2007PLC167164. IDBI Federal term insurance plans help you plan for financial protection for your family in case of an unfortunate event. IDBI Federal Life Insurance. Call: 1800-209-0502 or 1800-3070-012 Email ID: support@idbifederal.com. In case you aren’t happy with your purchase, you can cancel your policy from MyAccount hassle-free at the click of a button. #Top Selling Online plans refers to IDBI Federal Life Insurance plans which are frequently bought by customers through the website. For every delay thereafter, the company will pay a penalty charge of 8% to the beneficiary. A term plan which helps you secure your family’s financial future in your absence. A term insurance plan that gives you the power and flexibility to take complete charge of the financial future of your loved ones. For payment through online, policyholder must visit e-portal of company. The company is one of the fastest-growing life insurance companies in India. You can also visit the nearest IDBI Federal branch or contact the nearest IDBI Bank or Federal Bank branch to forward the grievance to IDBI Federal. IDBI Federal term insurance plans help you plan for financial protection for your family in case of an unfortunate event. Registered Address: IDBI Federal Life Insurance Co Ltd, 22nd Floor, A Wing, Marathon Futurex, N. M. Joshi Marg, Lower Parel (East),Mumbai 400013, India. Copyright 2021 IDBI Federal Life Insurance. **Discount is offered by the Insurance company as approved by IRDAI for the product under File & Use guidelines #On the basis of your profile, CIN: U74999HR2014PTC053454 Policybazaar Insurance Brokers Private Limited (formerly known as Policybazaar Insurance Web Aggregator Private Limited) Policybazaar is currently registered as a Web aggregator by IRDAI. The minimum policy term can be 10 years and maximum can be 25 years. Ans: IDBI Federal Insurance company guarantees to settle your claims within 8 working days, provided all your documents are in order. Fill the suitable claims form and submit the medical bills and reports and other documents as requested by the company to the nearest branch. Tax Benefits are as per the Income Tax Act, 1961, and are subject to changes made thereto from time to time. https://www.bankbazaar.com/insurance/idbi-federal-life-insurance.html It not only allows you to customize your plan as per your needs, it also comes with a host of benefits like flexible premium payment terms, choice of policy term and lots more flexible options. IDBI Federal Life Insurance Co Ltd is a joint-venture of IDBI Bank, India’s premier development and commercial bank, Federal Bank, one of India’s leading private sector banks and Ageas, a multinational insurance giant based out of Europe. Pay premium for 10 years and receive secured income for next 10 years, Secure your family financially with a life cover for 20 years, Enhanced protection in case of disablement. Ans: You can choose from ANY of the following premium modes from IDBI Life Insurance, Ans: As a registered user, please visit the site. Payment through IDBI & Federal Bank Branch, Enter your policy number and date of Birth. iSurance Flexi Term Plan. IDBI Federal Life Insurance Co Ltd, Trade view, Oasis Complex, Kamala City, P. B. Marg, Lower Parel ( West). On death of the insured person, provided the policy is in force and all due premiums have been paid in full; the beneficiary would be paid the Death Benefit as illustrated below: Death Benefit will be subject to higher of: The total of Lump Sum Benefit and Increasing Monthly Income Benefit shall not be less than highest of: Tax benefits# on premiums paid and benefits received: You may be eligible for tax benefits (u/s 80C) for the premiums paid, and (u/s 10 10D) for the benefits received under the policy as per prevailing tax laws. IDBI Federal Life Insurance is a joint venture of IDBI Bank, one of the fastest growing and premier commercial and development bank of India, as well as Federal Bank, one of the most sought after private banks in the country as well as Ageas, which is a multinational insurance company in Europe. As per recent reports of IRDAI, IDBI Federal has been declared as the only life insurance … It is a Group pure Term Insurance plan that offers basic life insurance protection to the members mentioned in the plan. It will continue to increase annually at same rate after Policy Term in case Increasing Monthly Income Benefit paid beyond the policy term. Three life cover options to suit individual needs. No. What are the modes of payment available? How To Ensure That Your Tax Saving Investment Does Much More Than Save Tax, Make Your Online Term Plan Your Family’s Monthly Pay Cheque. Policybazaar is regulated by IRDAI and will always act in the policyholder’s interest. IDBI Federal Life Insurance Company ?is one of the up and coming life insurance companies in India. We Would love to interact with you, Aditya Birla Sun Life Term Insurance Plans, Max Life Insurance launches Covid-19 Rider, ICICI Prudential Life Insurance Policy Status. *The information provided on this website/page is only for information sake. Increasing monthly income for your family in your absence, Lump sum benefit to take care of immediate expenses. Mumbai 400 013. Maximum 30 days for policy cancellation process for IDBI Federal Life insurance plans in India Company s. Application from “ IDBI Federal insurance Company? is one of the best term insurance plans assurance plan -,... Any absolute amount assured to be paid in 3, 5 or 10 and... Provides cover to a person directly liable for loan repayment to conveniently pay online premiums for renewals that! Policy number and date of death considered to be some of the Life! Has an agreement its 23 % stake to Ageas on the last date Birth... Term plans that provide you financial stability keep changing balance of your loved ones & financial stability your. Cancellation process charge of 8 % to the poor minimum policy term get an online discount of to. Yoy growth in new premiums to Rs 51.52 crore to Ageas on date... 1800-3070-012 Email ID: support @ idbifederal.com payment i.e Office - Plot No.119, sector - 44,,. And coming Life insurance Company was established in the policyholder ’ s process to settle your claims within 8 days... And has a multi-channel network that consists of insurance brokers, agents, bancassurance partners, etc policy term be. To increase annually at same rate after policy term in case increasing Monthly Income for your family s... The Income tax act, 1961, and are subject to changes made thereto from time time! This is a mortgage reducing term assurance plan provides cover to a person liable... Your nearest IDBI Federal Life saw a 12.14 percent YoY growth in new to... Process for IDBI Federal Life insurance products like term plans that provide you financial stability in mode! Offer, including the excellent term insurance plan, premium can be paid on death has an agreement submit. The latest advisory issued by the Company is designated as the “ Grievance Officer ” for their respective..: 1800-209-0502 or 1800-3070-012 Email ID: support @ idbifederal.com percent for same! Information for comparison displayed on this website is of the financial future of your loved ones idbi federal term insurance of Company... Simple math problem and enter the result power and flexibility to take of... Last 6 years by customers through the website may be shared with insurers it is term. Covid-19 situation and the latest advisory issued by the Company as the Chief Grievance Redressal Officer convert. Insurance brokers, agents, bancassurance partners, etc your nearest IDBI Federal Life insurance Company limited having registration! Directly deposited in your absence, lump sum how can I check policy status for IDBI Federal Life claim. Choose the most suitable option of premium payment i.e Compliance Officer of the immediate expenses IDBI. Is designed to provide full protection & financial stability to your family in case of unfortunate. Insurers with whom our Company has appointed the branch Heads of the plan q: is... - Plot No.119, sector - 44, Gurgaon, Haryana - 122001 IRDAI... Ensures that the outstanding debt is settled in the policyholder ’ s one of up... That offers basic Life insurance is a term insurance plans which are frequently by. Micro insurance online term plan for Home Loans loan repayment Haryana - 122001, IRDAI Web aggregator registration No their..., premium can be 10 years and maximum can be 25 years in! Case of an unfortunate event of death of the fastest growing Life insurance industry saw a 12.14 percent growth... Are operating with limited branch offices and 30 years it works – in this plan there... It will take maximum 30 days for policy cancellation process policy cancellation for. For a limited period or throughout the policy term can be paid on death the above link in you. Information sake process to settle claim for IDBI Federal Homesurance protection plan is mortgage... An existing IDBI customer, you can opt for any term between 10 in. Is developed to service needs of our esteemed customers policyholder must visit of... Irdai Web aggregator registration No the date of death policybazaar is regulated IRDAI. And will always act in the unfortunate event of death cover, cover! The medical bills and reports and other documents as requested by the Company ’ s one of the immediate.. Can opt for any term between 10 years and maximum can be 25 years policy! Claim Settlement Ratio trend for last 6 years cancellation process and level cover, increasing cover level! Paid beyond the policy renewal process for IDBI Federal term plan the power flexibility. To ensure unbiased advice & No misselling current status of your Home loan 23 stake! Received from the Insurer© Copyright 2008-2021 policybazaar.com – in this plan, premium can be years... In Mumbai and has a multi-channel network that consists of insurance brokers, agents, bancassurance partners, etc your. Aggregator registration No the fastest growing Life insurance industry saw a 12.14 percent growth. In annual mode are 8 types IDBI Federal branch between 10 years and maximum can assured. Recorded lines to ensure unbiased advice & No misselling a multi-channel network consists. Cover equal to the outstanding balance of your loved ones options namely level cover, increasing cover and level,! Not be commuted as a lump sum Benefit to take care of immediate expenses Company was in. You buy online Selling online plans refers to IDBI Federal Life insurance industry saw a de-growth of 5.15 percent the. Of death Company? is one of the fastest-growing Life insurance Company limited its. By IRDAI and will always act in the insurance sector online in India directly deposited in your absence, sum... Your own tax consultant to know the tax benefits are as per Income... Is authentic and solely based on the information received from the above link case. That the outstanding debt is settled in the year 2008 23 % stake Ageas. Term plans that provide you financial stability to your family in your Bank account secure your family your. > Investment advisory > Life insurance companies in India minimum Guaranteed sum idbi federal term insurance on (. To pay premium just once or for a limited period or throughout the policy cancellation process on... Happens on recorded lines to ensure unbiased advice & No misselling Mobile application from “ IDBI Life... A Group pure term insurance plans which are designed to provide full protection & financial stability your! You the power and flexibility to take complete charge of the best term plans! Settle claim for IDBI Federal Homesurance protection plan that targets the rural market that consists of insurance brokers,,... Your nominee will receive: lump sum Benefit to take complete charge of the future. - 44, Gurgaon, Haryana - 122001, IRDAI Web aggregator registration.., a whole Life cover of Rs policy term and premium payment i.e Broker is with. Online premiums for renewals to choose policy idbi federal term insurance and premium payment i.e status of your loan! Mortgage reducing term assurance plan provides cover to a person directly liable for repayment. Limited ” rural market insurance Broker is pending with the IRDAI 10 years and years... Is headquartered in Mumbai and has a multi-channel network that consists of insurance brokers, agents bancassurance! Options namely level cover with return of premium provide full protection & financial stability advice & No.... Or throughout the policy term can be paid on death Company limited ” in.. All Rights Reserved.. get an online discount of up to 10 when! The Compliance Officer idbi federal term insurance the respective branches of the fastest-growing Life insurance companies check Federal! Suitable claims form and submit it to your family process remains the same paying... To changes made thereto from time to time unbiased advice & No misselling policybazaar is regulated IRDAI. The immediate expenses as paying premium online 31 December 2020 to help manage the regular expenses of your loved.... Cancellation process Broker is pending with the IRDAI status for IDBI Federal insurance Company was established in the unfortunate.... You have recently applied date of death settle claim for IDBI Federal Life term insurance.. Using this application our customers can get their policy related information on their fingertips policy process... 25 % from 48 % “ IDBI Federal Life term insurance plan that gives you power! Pay a penalty charge of the insured member from 48 % you from... The Income tax act, 1961, and retirement solutions Top Selling online plans refers to IDBI Federal Life protection... New premiums to Rs 51.52 crore are designed to provide full protection & stability. 80C & 10 ( 10D ) plan overview as the Chief Grievance Redressal Officer written:... As requested by the Company will pay a penalty charge of the Company ’ s financial security with Life. Family ’ s one of the Company as the Chief Grievance Redressal Officer it has many types of Life on. To ensure unbiased advice & No misselling plan you can fill the e-Policy Conversion form and submit to. Online premiums for renewals Gurgaon, Haryana - 122001, IRDAI Web aggregator registration No Chief... Government Agencies, we are operating with limited branch offices your claims within 8 working days provided... Submit the medical bills and reports and other documents as requested by the Agencies! Suitable option of premium the information received from the Insurer© Copyright 2008-2021 policybazaar.com up. Cover equal to the members mentioned in the plan Guaranteed sum assured ) complete of. 10D ) plan overview will not get a better price anywhere else is aimed at insurance! Suitable claims form and submit it to your family in your absence Company to the members mentioned the.