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  #2  
Old July 4th, 2013, 04:36 PM
GaganD
Super Moderator
 
Join Date: Apr 2013
Posts: 14,903
Default Re: IDBI term insurance plan

IDBI Federal Life Insurance Plan offers long term savings, accidental death benefit and life cover.
The simplicity of the plan reduces time taken to acquire a life insurance cover, and ensures double protection along with savings.

Death Benefit:
In case of your unfortunate death during the policy term, the Sum Assured will be paid to the beneficiary in your family to take care of their future needs.

Maturity Benefit:
This is a pure protection plan and hence there is no maturity benefit payable.

Tax Benefit:
Tax Benefits as per Section 80C will be applicable. Tax laws are subject to change.

Service Tax:
Service tax & Education cess will be charged, as applicable from time to time


IDBI Federal Termsurance (R) Protection Plan Features - Term Insurance Plan (Level Cover Only)

Sum Assured
Minimum: Rs. 5, 00,000
Maximum: no limit (depends on underwriting)

Entry Age
Minimum: 18 years last birthday
Maximum: 65 years last birthday

Maturity Age
Maximum: 75 years last birthday

Premium Payment Frequency
Single, Yearly (only yearly available on Zibika.com currently)

Policy Term
Minimum: 10 years
Maximum: 30 years (subject to regular payment mode)

Premium Payment Term
Equal to the policy term (Single premium)

Quote:
Originally Posted by Unregistered View Post
Please explain IDBI life insurance plan.
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  #3  
Old October 6th, 2015, 04:14 PM
Unregistered
Guest
 
Posts: n/a
Default Re: IDBI term insurance plan

Can you tell me in detail about the eligibility required toy apply for IDBI Federal Termsurance Group Insurance Plan offered by IDBI Federal in India?
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  #4  
Old October 6th, 2015, 04:19 PM
Rahul Parik
Super Moderator
 
Join Date: Dec 2011
Posts: 14,224
Default Re: IDBI term insurance plan

IDBI Federal Termsurance Group Insurance Plan is a pure group term plan designed to cater to an extensive section of formal and informal groups such as the employer-employee groups/bank-depositor groups/ customer-supplier groups/professionals/affinity groups.

Plan Eligibility

Parameters Minimum Maximum
Entry age of the member
(age as per last birthday) 18 years (in case of Employer- 69 years
Employee Groups &
Accidental Death Benefit option)
15 years (in case of Non Employer-
Employee Groups)

Cover ceasing age of the
member (age as per last birthday) 19 years (in case of Employer- 70 years
Employee Groups &
Accidental Death Benefit option)
16 years (in case of Non
Employer-Employee Groups)

Sum insured of the member Rs 5,000 No limit (subject to
underwriting)

Accidental death sum insured Rs 5,000 Rs 50,00,000

Terminal illness sum insured Rs 5,000 Rs 50,00,000

Size of group 50 members No Limit

Policy term
This is a yearly renewable group term assurance plan. The master policy will be renewed at the annual renewal date provided premium is received within the grace period by the insurer.

IDBI Federal Termsurance Brochure





more IDBI Federal Termsurance Brochure detail attached a pdf file;
Attached Files
File Type: pdf IDBI Federal Termsurance Brochure.pdf (287.2 KB, 11 views)
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