IDBI Life Insurance Policy

I want to know about the life insurance policy of the IDBI bank. Can you please give me the detailed in formation about it. Also provide me a web page from where I can get the complete details about the life insurance policy.

IDBI bank gives the facility of Life Insurance Policy, life insurance not only provides a life cover but also is a good investment opportunity.


You can get more details go through the given link:

idbi.com/lifeinsurance.asp

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Answered By StudyChaCha Member

As you want to get information about the Life Insurance Policy of IDBI Bank, so here I am providing the following information:

IDBI FEDERAL Lifesurance Savings Insurance Plan

Maturity Benefit
Maturity sum insured, plus
Vested guaranteed additions, plus
Vested reversionary bonuses, if any plus
Terminal bonus, if any.

Death Benefit
Death sum insured, plus
Vested guaranteed benefits, accrued till date of death plus
Vested reversionary bonuses, accrued till date of death plus
Interim bonus, if any, plus
Terminal bonus, if any.

Death Sum Insured:
10 times of annualised premium, or
105% of all premiums paid as on date of death, or
Maturity sum insured.

Flexible Plan
For Policy term 10 years:
Only 5 years premium payment term is available

For Policy terms 15 years, 20 years and 25 Years:
Minimum premium payment term: 5 Years
Maximum premium payment term: Equal to Policy term

IDBI FEDERAL Lifesurance Savings Insurance Plan

Attached Files Available for Download

IDBI Life Insurance Policy.pdf (603.8 KB, 14 views)

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Answered By StudyChaCha Member