IDBI Federal Life

IDBI Federal Termsurance Life Protection Insurance

IDBI Federal Termsurance Life Protection Insurance plan has 3 variants:
  • IDBI Federal Termsurance - Level Cover
  • IDBI Federal Termsurance - Increasing Cover
  • IDBI Federal Termsurance - Level Cover with Return of Premium
Request a Call Back
Name is required
Email is required
Contact is required
Thank you for contacting us

IDBI Federal Life insurance review

IDBI Federal Life Insurance plans
Distribution - Number of branches pan India (March 2019)
65
Entry Age Minimum/Maximum (Years) - Term Plans
21/65
Sum Assured Minimum / Maximum - Term Plans
50 lacs / Unlimited
Policy Term Minimum / Maximum (Years) - Terms Plans
10/64
Solvency Ratio (FY 2018-19) *
3.34
Number of Policies Sold (Ind+Group) *
47,520
Number of Lives Covered (Ind+Group) **
115,816
Claims Settlement Ratio (Ind+Group) ***
97.45%
* - As per IRDAI data 2018-19 - The solvency ratio of an insurance company is the size of its capital relative to all the risk it has taken, which is all liabilities subtracted from total assets. In other words, solvency is a measurement of how much the company has in assets versus how much it owes
** - as per L-25 Public Disclosure of Insurance Companies for 2019-20  |  *** - Claims Settlement Ratio = Claims Settled in the year / Claims Reported in the year - as per IRDAI data published

IDBI Federal Termsurance Life Protection Insurance plan Overview

  • Key Benefits
  • Eligibility

Key Benefits of IDBI Federal Termsurance Life Protection Term Insurance plan

  • IDBI Federal Termsurance Life Protection Term Insurance is a Term Insurance Policy without bonus
  • IDBI Federal Termsurance Life Protection Term Insurance plan has low premium for high coverage
  • IDBI Federal Termsurance Life Protection Term Insurance plan has 3 premium paying options: Single, Limited- 3 or 5 years, Regular
  • Woman discount and large sum assured discount is available under this plan.
  • Corresponding Sum Assured is paid as Death Benefit if the Life Insured dies within the Policy Tenure
  • There is no Maturity Benefit under Level Cover and Increasing Cover option. Only the premiums are paid back on maturity under Level Cover with Return of Premium Option.

Eligibility Criteria of IDBI Federal Termsurance Life Protection Term Insurance plan

Parameters Minimum Maximum
Age at entry 18 years 60 years
Age at maturity 28 years 70 years
Sum assured Rs. 5,00,000 No Limit
Premium payment term Single or regular
Policy term 10 to 30 years
Premium payment mode Single, Annual, Half-yearly, Quarterly, Monthly

Search for LDBI Federal Term Life insurance

-

ONLINE CHAT

Keep in touch

  • Address

    InstantCover Insurance Web Aggregator Private limited
    710, 6th B Cross, 16th Main Road, Koramangala 3rd Block, Bangalore - 560 034.

  • +91-(80)-41101026
  • Send an email
CIN: U66000KA2018PTC117713 | IRDAI Web aggregator License Code Number: IRDAI / INT / WBA /53/ 2018, Valid till 07/08/2022