Broadly insurance can be classified in two categories: First - Life Insurance which matures in event of death of the insured/policyholder. On occurrence of such an event the insurance company pays a sum of money assured to the nominee/beneficiary (person nominated by the policyholder). Life Insurances are of two types: Traditional Plans - which contain Endowment Plan , Cash Back Plan, Term Plan , (Term Life Insurance) and Whole life policy. And Unit-linked Insurance Plans - are of 4 types - Endowment cum Ulips, Children Plan , Retirement Plan or Pension plan and investment/saving plans. Second - General insurance. All insurance policies other than life insurance policies come under general insurance segmentation. (Also known as non-life insurance policies). These policies include Home Insurance, Auto Insurance, Travel Insurance, Marine Insurance, Theft Insurance, Office insurance and Health insurance Health insurance is most acquired policy in general insurance segment. Health insurances are of 3 types - Comprehensive Plan - which include Mediclaim and Fixed benefits plan, Accidental Insurance and Critical Care plan . |
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Products offered by IDBI Federal life insurance co. ltd. 1. Wealthsurance Plan : Is a unit linked plan where you get both Life Insurance and investment benefits. You can build your wealth by deciding which investment option you would like to invest in. Lifesurance products -
1. Lifesurance Suvidha Savings Insurance Plan – Provides protection and savings along with ease of issuance is a non-medical limited pay, participating endowment policy that allows you to save for long term goals in 3 simple steps. Homesurance Products -
1. Homesurance Plan – It is a mortgage reducing term plan which offers protection to you and your family from your home loan liability.2. Homesurance Protection plan : Is a plan which helps you insure your Home Loan. It is a Term Plan where you get insurance cover for the balance amount of your home loan. 3. Bondsurance : Is a single premium plan where at the end of maturity you get a guaranteed amount. This plan also offers a life insurance cover and death benefit. |
Latest Updates - 24 May 2013 |
Registered office : IDBI Federal Life Insurance Co Ltd,
1st Floor, Tradeview,
Oasis Complex, Kamala City,
P.B. Marg, Lower Parel (W),
Mumbai – 400013.
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