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Insurance policy is a contract of protection/compensation by the insurer to the insured. It is designed to reimburse or compensate the insured party for the financial loss caused in event of death or damage to merchandise as mentioned in the insurance contract.

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 .
  • Life Insurance
  • Health Insurance
  • Auto Insurance
  • Home Insurance
Home > Life Insurance > Life Insurance Companies > IDBI Federal Life Insurance

IDBI Federal Life Insurance Co. Ltd.

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.
Homesurance Products - Currently available products to purchase
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.

4. Group Microsurance : This plan offers insurance cover to groups. This plan is useful for micro finance institutions , NGO's and self help groups. It provides insurance for the group members hence protecting their family members as well.
Termsurance Products - Currently available products to purchase
1. Termsurance Protection Plan – It is a unique term insurance plan that allows you the flexibility to choose the type of cover most suited to you. Moreover it offers large insurance cover at an affordable cost.

2. Termsurance Grameen Bachat Yojana – It is a low-cost, simple term individual insurance plan targeted at the rural population.

3. Termsurance Grameen Suraksha Yojana – It is a low-cost, simple term individual insurance plan targeted at the rural population.

1. Incomesurance – It is a unique combination of a money back and endowment plan that gives you a Guaranteed Annual Payout along with insurance protection.
2. Healthsurance – It’s designed to help you manage the extra financial burden that comes with hospitalisation, by providing a wide range of attractive benefits.
3. Loansurance - This term assurance plan provides cover to a person directly liable for loan repayment (and the partners, in case of a partnership), as per the benefit schedule.

Registered office : IDBI Federal Life Insurance Co Ltd,
1st Floor, Tradeview,
Oasis Complex, Kamala City,
P.B. Marg, Lower Parel (W),
Mumbai – 400013.

Disclaimer: Please note that the information provided is collected from sources publicly available & we believe to be reliable. The website doesn’t warrant the accuracy, reliability & absolute information available on the website. Participation by site visitors or registered customers is on a voluntary basis. The policies are offered by various life Insurance & non-life insurance offering companies and Bimadeals does not seek to, either directly or indirectly, advise, offer, solicit or recommend that any person who is or proposes to become its member should purchase the Policy.
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