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  • IDBI Federal Life Insurance Plans

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    Plan Benefits

    Payment Options

    Policy Coverage

    Customer Service

    IDBI Federal Life Insurance, which was formerly known as IDBI Fortis Life Insurance, is a joint venture between three companies - IDBI Bank, Federal Bank and Ageas, a European insurance company. The company was formed in 2008 with IDBI bank holding 48% equity and Ageas and Federal Bank holding 26% each. IDBI has over 2,500 branches spread over the country. IDBI Bank Ltd. is one of India’s top commercial banks offering a variety of fiscal products and services for retail and corporate customers. Federal Bank is a top private sector bank in India with leading presence in Kerala. The bank provides financial products and services for over four million retail customers. The bank also provides ingenious technological solutions to its customers.Ageas is a European international insurance company and it focuses its business in Europe and Asia. They also focus on four segments: Belgium, United Kingdom, Continental Europe and Asia.


    Key Highlights of IDBI Federal Life Insurance

    01
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    Claim-settlement ratio for IDBI Federal Life Insurance

    Claim Settlement Ratio

    Claim-settlement ratio of 84.79% for year 2015-2016

    Occupation eligibility for IDBI Federal Life Insurance

    Grievances Resolved

    100% Grievances Settled for year 2015-2016


    To be eligible for IDBI Federal Life Insurance

    01
    02
    03
    Minimum age for IDBI Federal Life Insurance

    You should be at least 18 years old

    Maximum age for IDBI Federal Life Insurance

    You should be less than 55 years old

    Occupation eligibility for IDBI Federal Life Insurance

    You should be either Salaried, Self- employed, a professional or have your own business


    IDBI Federal Life Insurance at a Glance

    01
    02
    03
    Maximum tenure of IDBI Federal Life Insurance

    A maximum tenure of 25 years

    Maximum sum assured for IDBI Federal Life Insurance

    Min Sum Assured: Depends on age, premium payment and policy term
    Max Sum Assured: No limit subject to underwriting

    Exclusions for IDBI Federal Life Insurance

    Specific exclusions: Suicide within the first 12 months


    Documentation needed to apply for an IDBI Federal Life Insurance

    • 1. Identity Proof
    • 2. Age Proof
    • 3. Income Proof
    • 4. Address Proof
    • 5. PAN Number

    Types Of Life Insurance Policies Offered by IDBI Federal:

    IDBI Federal offers multiple types of life insurance policies which are designed to fulfill a variety of financial goals like retirement planning, planning for your child’s future, maximizing your savings. It also offers group insurance plans which can allow employers to offer insurance cover to their employees and also help them build wealth. Following is the list of plans offered.

    IDBI Federal Life Insurance Child Plans:

    IDBI Federal Life Childsurance Savings Protection Insurance Plan: IDBI Federal Life Childsurance Savings Protection Insurance Plan is an endowment plan that ensures that your child’s financial needs are fulfilled even in the case of the unfortunate event of you not being around.

    Plan Basic sum Assured Policy Term
    IDBI Federal Life Childsurance Savings Protection Insurance Plan Min – Subject to minimum premium Max – No limit Min: 10 years Max: 25 years

    IDBI Federal Life Insurance Endowment Plans:

    • IDBI Federal Lifesurance Whole Life Savings Insurance Plan: IDBI Federal Life Whole Life Savings Plan is an insurance plan that offers life cover up to 100 years of age. A lump sum amount will be paid at the end of premium payment term and payment is made again when the insured reaches 100 years of age.

    • IDBI Federal Lifesurance Savings Insurance Plan: IDBI Federal Life Lifesurance Savings Insurance Plan is a traditional savings plan that offers bonuses to boost one’s savings.

    Plan Basic sum Assured Policy Term
    IDBI Federal Lifesurance Whole Life Savings Min – Depends on age at entry & premium payment term; Max – No limit (subject to underwriting) -
    IDBI Federal Lifesurance Savings Min – Depends on age at entry & premium payment term; Max – No limit (subject to underwriting) 10, 15, 20 & 25 years (depending on premium payment term.

    IDBI Federal Life Insurance Group Plans:

    IDBI Federal Life Group Insurance Plans ensures that the financial interests and needs of a group is protected and fulfilled.

    • IDBI Federal Life Termsurance Group Insurance Plan: IDBI Federal Life Termsurance Group Insurance Plan helps the employer provide life cover insurance not only to the employees but also to customers, suppliers and affiliated groups.

    • IDBI Federal Life Group Microsurnace Plan: IDBI Federal Life Group Micro insurance Plan is designed for Micro Financial Institutions. This plan helps institutions provide life insurance to members of the group and also provide loan protection to their families.

    • IDBI Federal Life Termsurance Sampoorn Suraksha Micro-Insurance Plan: IDBI Federal Life Termsurance Sampoorn Suraksha Micro-Insurance Plan is a pure term insurance plan that offers financial protection at a very minimal cost. One can opt for either a 5 year or 10 year policy term plan.

    • IDBI Federal Loansurance Group Insurance Plan: IDBI Federal Life Loansurance Group Insurance Plan is for lending institutions. It helps institutions protect their clients’ savings and assets.

    • IDBI Federal Life Insurance Retiresurance Group Insurance Plan: It is a non-linked, non-participating insurance plan designed for employer-employee groups that will help the employer plan and manage funds for the employee’s retirement benefits.

    Plan Sum Assured Policy Term
    IDBI Federal Termsurance Group Protection Varies for different kinds of Sum Assured provided under policy 1 year renewable plan
    IDBI Federal Termsurance Group Min – Rs 5,000; Max – no limit 1 year renewable plan
    IDBI Federal Group Microsurance Min – Rs 5,000; Max – Rs 50,000 -
    IDBI Federal Termsurance Sampoorn Suraksha Min – Rs 5,000; Max – Rs 50,000 5 years & 10 years (fixed term)
    IDBI Federal Loansurance Min – Rs 10,000; Max – No limit Min. & max. term varies with cover option
    IDBI Federal Retiresurance - Yearly renewable plan

    IDBI Federal Life Insurance Money Back Plan:

    IDBI Federal Life Incomesurance Guaranteed Money Back Insurance Plan: It is an endowment plan as well as a money back insurance plan where the premium is paid only for the first five years of the policy term. The insured will receive guaranteed annual payments every year from the 6th year.

    Plan Sum Assured Policy Term
    Incomesurance Money Back Death Sum Assured – Minimum is fixed; Max. Is 10x Annual premium 10 years (fixed)

    IDBI Federal Life Wealth Plan:

    • IDBI Federal Life Wealthsurance Growth Insurance Plan SP: IDBI Federal Life Wealthsurance Growth Insurance Plan SP is a single premium ULIP. It is a onetime investment plan wherein premiums can be paid at once and the benefits can be enjoyed by the insured. This plan also offers life cover.

    • IDBI Federal Life Wealthsurance Suvidha Growth Insurance Plan: IDBI Federal Life wealthsurance Suvidha Growth Insurance Plan is an investment and life cover plan wherein one can manage their own funds or opt for a systematic allocator which will ensure that there is an equal balance between investment growth and safety.

    • Wealthsurance Growth Insurance Plan: IDBI Federal Life Wealthsurance Growth Insurance Plan offers customers 9 fund options among which customers can choose to invest in one or more depending on their risk appetite.

    Plan Sum Assured Policy Term
    IDBI Federal Wealthsurance Growth Insurance Plan SP Min. & max. Sum Assured will vary depending on age at entry 5 / 10 / 15 / 20 & 25 years (subject to min. & max. maturity age)
    IDBI Federal Wealthsurance Suvidha Growth Fixed; 10 times of Annual premium 10, 15 & 20 years
    IDBI Federal Wealthsurance Future Star Min. & max. Sum Assured will vary depending on age at entry Min – 10 years; Max – 25 years
    IDBI Federal Wealthsurance Growth Min. & max. Sum assured will vary depending on age at entry Min – 10 years; Max – 30 years

    IDBI Federal Life Term Plans:

    • iSurance Flexi Term Insurance Plan

    • iSurance Online Term Insurance Plan

    Plan Sum Assured Policy Term
    iSurance Flexi Term Min – Rs 50,00,000 Max – Rs 30,00,00,000 Min – 10 years; Max – 62 years
    iSurance Online Term - Min – 10 years; Max – 25 years

    How to Claim Insurance With IDBI Life Insurance:

    Raising a claim is a simple and hassle free process with IDBI Federal. Customers have to follow a 3-step process to register a death claim.

    Step 1 - Register The Death Claim

    The claimant must register a death claim in writing, along with submitting the required documents. These include the Death Claim Form, Original Policy Document, Original / Attested copy of Death Certificate issued by Municipal Corporation, nominee’s photo ID and Residential proof (attested copy), medical records for the time of death and documents pertaining to any past illnesses which the insured may have suffered from, cancelled cheque of the nominee’s bank account (with the IFSC code). The company will register a claim once the aforementioned has been received.

    Step 2 – Processing The Claim

    Once the documents have been received, the claim department will look into the claim. Provided that no further details or documents are required regarding the claim, the insurance company will settle the death claim in a duration of under 8 days.

    Step 3 - Claim Payout

    Once the claim has been settled, IDBI Federal will transfer the due claim amount to the nominee’s bank account via Electronic Fund Transfer (EFT). If the amount cannot be transferred via EFT, the insurance company will send the payment via cheque to the nominee’s registered mailing address.

    IDBI Life Insurance Claim Settlement Ratio:

    Year Claim Ratio
    2014 - 2015 75.80%
    2013 - 2014 90.34%

    Documents Required for Buying IDBI Life Insurance:

    If you wish to apply and purchase any IDBI Federal Life Insurance policy, you will be required to submit certain documents such as your proof of identity, proof of age, proof of income, proof of residence and a copy of your PAN Card. For a complete list of documents required, please contact any IDBI Federal Life Insurance representative or visit any of their branch offices.

    How Do I Check IDBI Federal Life Insurance Policy Status:

    If anytime you wish to check the status of your IDBI Federal life insurance policy, you can easily do so by visiting their website. For checking the policy status and details, you will be required to provide policy related details like your policy number and your date of birth. Once you have provided that information, the page will immediately display the details and status of your policy.

    IDBI Life Insurance Online Payment:

    Making the premium payment for your IDBI Federal Life Insurance policy is simple and convenient. Apart from several offline payment options, customers can also pay their premiums online through multiple channels including internet banking, credit cards, debit cards, e-wallets, cash cards, IMPS and also through easy EMI facility available on select cards.

    IDBI Life Insurance Premium Calculator:

    Before making any purchase, it is better to know the price of the product. Life insurance is no different, as it is a substantial expense which gets added to your monthly budget. If you are planning to purchase an IDBI Federal Life Insurance policy, you can easily find out the cost of premiums you will be paying, with the help of an online tool called the Premium Calculator. IDBI allows customers to calculate the premium costs for each of their policies. For calculating the premium amount, you will be asked to provide certain details pertaining to the policy which you’ve chosen, like the term of the policy, your age and the amount of sum assured which you have chosen. Based on this, information, the tool will calculate the premium amount which you will be paying towards your insurance cover.

    IDBI Life Insurance FAQs:

    1. What are different types of life insurance offered by IDBI Federal Life?

      A. IDBI Federal Life offers the following products:

      • IDBI Federal Group Micrinsurance plan
      • IDBI Federal Loansurance Group Insurance Plan
      • IDBI Federal Lifesurance Savings Insurance Plan
      • IDBI Federal Incomesurance Guaranteed Money Back Insurance Plan
      • IDBI Federal Chiildsurance Savings Protection Insurance Plan
      • IDBI Federal Wealthsurance Suvidha Growth Insurance Plan
    2. What are the documents that are to be submitted while taking a life insurance?

      A. You will have to submit your identify proof, age proof, address proof, income proof and PAN card while applying for the Life insurance products.

    3. What are the modes of premium payments available?

      A. You can pay the premiums through the following modes:

      • Pay online
      • Through IDBI Bank branch
      • Through Federal Bank
      • Through IDBI Federal branch
      • Through your advisor
      • Through cheque pick-up facility
      • Standing instructions facility
      • ECS or direct debut instructions facility.
    4. Is there a way to track the NAV?

      A. Yes, you can go to the Bank’s website and you have to fill in the following information to view the NAV:

      • Select choice to view NAV or Graph
      • Select the fund
      • Select the scheme
      • Finally select the date
    5. How do I know the status of my application?

      A. To know the status of your application, visit the IDBI Federal website. You will have to fill in the application number in the Track your application section to know your status.

    6. What happens if I miss the premium payment?

      A. If you miss the premium payment, your plan will lapse and you will have to revive it within 2 years from the day of lapsation. Refer your product document to know more about this.

    7. What is the process to make the claim?

      A. The claim must be reported at the earliest and you can refer the following link to avail the death benefit claim form their official website.

    8. What happens if I have lost the original policy document at the time of making a claim?

      A. If the original policy document is lost or misplaced, you will be asked to submit some alternate documents and the claim will be processed.

    9. Can I surrender the policy? What is the criteria for policy surrender?

      A. Yes, you can surrender the policy after the completion of the lock-in period. The criteria for policy surrender are as follows:

      • The policies that are in force, paid up and discontinued can be surrendered.
      • The request must be received after completing the policy lock in period.
      • The request must be received form assignee, Karta and trustee under the consent of the policyholder if the policy has been assigned, for HUF and MWP.
      • If it is a ULIP, then date and time stamp is mandatory.
      • If the life insured is a minor, the request will be rejected.
    10. How can you contact IDBI Federal Life?

      A. You can visit the nearest branch or call on 1800 209 0502 or SMS ‘LOAN” to 5757515 and the agent will call you back.

    11. What is implied by a ‘Death Claim’?

      A. If the life insured passes away during the term of the policy i.e. before the policy has reached maturity, the amount payable under the policy will be given as a claim to the nominee named in the policy. This claim is known as a Death Claim.

    12. What is the duration within which the claim has to be reported?

      A. There is no specific time frame mentioned, but the claimant must report the claim as soon as possible, to ensure that the process can be initiated quickly.

    13. Who may receive the claim benefit?

      A. Any of the following may be entitled to receive the claim benefit:

      · The Nominee or Appointee (in case of minor Nominee) last recorded under the policy, if the policy has been taken by some for their own life.

      · The Proposer (if the policy has not been taken for one’s own life)

      · Assignee (if the policy was assigned).

      · Trustee under MWPA (Married Woman Protection Act) policies / Karta (in case of HUF (Hindu Undivided Family policies).

    14. Will TDS be applicable on partial withdrawals?

      A. Yes, TDS will be applicable even for partial withdrawal – maturity, surrender and termination payouts.

    15. Can I change the mode of premium payment during the policy?

      A. Yes, you may change the mode by which you want to pay your premiums, after the policy has commenced. You may only request for a change in premium payment mode once the policy is in force. The request for the same will only be accepted 30 days prior to the due date of an in-force policy.

    News About IDBI Federal Life Insurance

    • IDBI to Sell Policies through PoS Channels

      IDBI Federal Life Insurance is awaiting clearance from IRDA for selling policies through PoS channels. The PoS distribution channels of the insurer will only be selling those policies which will not face the risk of mis-selling. According to the Chief Executive Officer of IDBI Federal, Vighnesh Shahane, the company has sought approval of two products at present and they expect to get the approval by this month. IDBI Federal Life Insurance plans to launch pilot projects in Delhi, Lucknow, Bangalore, Chennai, Bangalore, Hyderabad, and Coimbatore.

      14th April 2017

    • IDBI Federal Targets GWP Growth of 30-40%

      IDBI Federal Life Insurance Co. is targeting a growth rate of 30% to 40% of its gross written premium (GWP) over the next 2 years. According to Vighnesh Shahane, the company CEO and director, the GWP has grown by 30% in FY 17. Over the last three years, IDBI Federal Insurance has doubled its GWP. So, the company is now targeting double the growth in the next two financial years. IDBI Federal has been riding on innovation and introducing simple products that has helped them achieve their growth rate. For FY 17, demonetisation has played an important role in boosting the sector. The insurance provider is also tying up with more banks to expand its portfolio and its reach. The company has currently filed for the sales of two of its products through PoS (point of sales) persons allowed by the IRDA only. However, individual products remain the key focus of IDBI Federal.

      14th April 2017

    • IDBI Bank to raise Rs.3771 crore

      Mumbai: The IDBI Bank on Wednesday got the go-ahead from the SEBI to raise around Rs.3771 crore from the QIP (qualified institutional buyers) mode, which is expected to reduce government holding in the Bank from 80% to 65%. According to representatives of IDBI Bank, non-core assets would be sold to raise the required capital. LIC can invest around Rs.1500 crore via preferential shares in IDBI Bank, according to reports.

      28th February 2016

    • IDBI Bank sells its stake to Life Insurance Corporation

      IDBI Bank surges 4% higher at Rs.56.10 to raise Rs.1, 500 crore by selling stake to Life Insurance Corporation. Recently, the bank traded 6225095 shares on the counter. IDBI Bank currently holds Rs. 10421.79 Crore as its market cap. The scrip of the company touched a high of Rs. 57.25 and low of Rs. 55 in the recent time.

      23rd February 2016

    • Incomesurance Guaranteed Money Back Insurance Plan 7 Pay launched by IDBI

      A new product was launched by the IDBI Federal Life Insurance called the Incomesurance Guaranteed Money Back Insurance Plan 7 Pay. The name is very self explanatory, the plan will require a customer to pay 7 years premiums, after which the customer will start to receive Guaranteed Annual Payouts (GAP) starting from the 8th year of the policy till the 14th year of the policy. These payouts will be exempt from tax under section 10(10D) for the customer. The insurance cover along with guaranteed income will give customer an opportunity to secure their medium to long term goals. The plan also provides their customer of this plan with a critical illness benefit.

      15th February 2016

    • IDBI Federal Life Insurance fined by IRDAI

      A fine of Rs. 16 lakh has been imposed on IDBI Federal Life Insurance Company Ltd. by IRDAI for violation of norms and higher commission payment. The sectoral regulator has also levied a penalty of Rs 5 lakh for payment of selling and distribution expenses over and above approved commissions.

      The master policyholder was also penalized Rs 1 lakh for death settlement claim under non-employer-employee group policies.

      12th November 2015

    • Cricket Association of Bengal and IDBI Federal Life are now partners

      IDBI Federal Life and the Cricket Association of Bengal in order to ensure the cricket activities of the state are strong. Sourav Ganguly will head the Cricket Association of Bengal and serve as its President and the youngest ever to take charge of it. IDBI Federal Life Insurance has a vision to help shape the future and the lives of people who will be part of their sports initiative. The association with the CAB will bring about changes for the better in the game of cricket at the national and international levels as well. The partnership is to bring assurance and support for upcoming cricketers.

      19th October 2015

    • IDBI launches new ULIP - Wealthsurance Future Star Insurance Plan

      IDBI Federal has launched a new unit linked insurance plan called Wealthsurance Future Star Insurance Plan. This plan is for parents who wish to protect their children for their future in their absence, and also build them a substantial savings for their future needs. This plan is a unit linked insurance plan to keep up with the escalating costs for the future goals of the children, offers you with triple benefits of Life cover, and manages your investments to suit your needs and risk takings. The investment funds will be a choice of 9 different fund options. This plan is also available for an Income Tax benefit under section 80D and 10(10D).

      29th September 2015

    • IDBI Federal Life Insurance reports lower profit in Q1 2015

      IDBI Federal Life Insurance faced a 7.14 percent decline in its net profit at the end of quarter 1 2015, in comparison to the profit last year. While 28 crores was the net profit for the insurance firm in the corresponding quarter of last year, this quarter yielded profits at 26 crore rupees only. Still the insurer has gained an 84% growth in total premium over the Rs. 107 crore in the last financial year.

      Growth has been consistent for this joint venture between IDBI Bank, Federal Bank and Ageas despite the small drop in the profit margins.

      19th August 2015

    • IDBI Life improving its Brand Image through Sport Events

      IDBI Federal Life Insurance is taking huge steps to revamp its advertising model, by focussing on improving its brand image through sporting events, training camps and inter-school tournaments.

      Vighnesh Sahane, CEO of IDBI Federal Life Insurance, is reported to have said that all earlier and more conventional forms of advertising hadn’t brought the company the kind of visibility they expected. So their budget for conventional advertisements will, it seems, take a back seat as IDBI Life focuses more on advertising through sports and linked events.

      With plans to break into the top-ten club in the next two years (as regarded by new business premium), we may get to witness IDBI aggressively pursuing this new advertising model.

      IDBI Life plans to rope in Star Sports and Parle to sponsor an inter-school football tournament. The sport’s popularity is on the rise with talented players emerging from India, and IDBI plans to ride that wave by nurturing young football talent in schools in various cities.

      The company also plans to support and sponsor marathons, and the sport of marathon running itself in an effort to achieve visibility to a niche demographic of marathon enthusiasts.

      The biggest step in their new advertising campaign announced thus far seems to be in their efforts to develop young talented bowlers into world-class athletes through the MCA-IDBI Federal Life Insurance Bowling Foundation. The company has tied up with the Mumbai Cricket Association to establish this bowling institute. Former Australian pacer Jeff Thomson has signed on for a 2-year contract, to train promising young pacers, and will be in Mumbai for two months – September 2015 and May 2016.

      The resources being pumped in, and the fact that even inter-school tournaments will now be televised will provide a huge boost to sports like football where Indians have talented players, but no cricket-level exposure.

      27th July 2015

    This Insurance Company has not partnered with BankBazaar.com. For more details, please visit its website/branch office. The trademarks, logos and other subject matters of intellectual property belong to their respective owners.

    GST of 18% is applicable on life insurance effective from the 1st of July, 2017

    IDBI Federal Life Insurance Reviews

  • Page 1 of 2 1 2
    • IDBI Federal Life Insurance
      "Good service"
      0.5 4.0/5 "Great!"
      I don't have much experience regarding the service of IDBI for my home loan service because I have not interacted much with them the documents part was fine there was no good offers the customer service is good the payments where through online it was totally a good service from IDBI for my life insurance service.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 01, 2017
    • IDBI Federal Life Insurance
      "Good policy"
      0.5 4.0/5 "Great!"
      I hold a life insurance policy with IDBI federal for past 4 years. This policy has the tenure of 18years. The customer support is good with IDBI. I pay the premium of Rs,2000 every year. The plan benefits and the coverage is good with this policy. I pay the premium through online.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 11, 2017
    • IDBI Federal Life Insurance
      "Good protection for family"
      0.5 4.0/5 "Great!"
      Quarterly I am paying the premium around Rs.5240, it has the tenure of 25 years. After that I wont get any return, my nominees will get the reimbursement around Rs.1 Crore for natural death, if accidental death will get around Rs.1.85 crore.
      Was this review helpful? 1
      , pune
      Reviewed on Jun 23, 2017
    • IDBI Federal Life Insurance
      "Good for all individual"
      0.5 4.0/5 "Great!"
      I am making the premium of Rs.10,000 on annual basis, it has the tenure of 30 years, its completely death risk policy. My dependent will get the reimbursement of Rs.1.4 crores + accidental benefits Rs.50 lakhs, I make the online payment by IDBI netbanking its great.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 19, 2017
    • IDBI Federal Life Insurance
      "Have purchased an Insurance but ....."
      0.5 2.5/5 "Just OK"
      Service is very bad and they do not even call back to address your query and also do not tell you the status of it.It would be better if they are really serious to give better service to customers .It looks like firms are only interested in getting the business and afterwards forget them.
      Was this review helpful? 1
      , bangalore
      Reviewed on May 31, 2017
    • IDBI Federal Life Insurance
      "Good"
      0.5 5.0/5 "Blown Away!"
      I am having life insurance policy with the IDBI federal insurance company and the premium is lesser one with them and the coverage is more. Services are good one with them and the term is around thirty years of time, and the coverage is for one crore Rupees.
      Was this review helpful? 1
      , ahmednagar
      Reviewed on May 23, 2017
    • IDBI Federal Life Insurance
      "Good for individual and needy"
      0.5 3.0/5 "Satisfactory"
      I have life insurance with IDBI federal for about 25 years. The policy has completed and I got the money back as well. The tenure is 25 years for this policy. The policy coverage need to be improved in future. According to me every individual good to have the life insurance for safety purpose not for for the investment purposes.
      Was this review helpful? 0
      , bhopal
      Reviewed on Apr 05, 2017
    • IDBI Federal Life Insurance
      "Scope for improvement"
      0.5 2.0/5 "Expected more"
      IDBI federal life insurance policy is not really working good becuase they do not have good network connectivity for branches to resolve the customer queries. I have taken the ULIP based product with them and they used to deduct around 20% of the charges while in paper it used to get mentioned as 6% of the charges. Customer service is not really good with them as of now.
      Was this review helpful? 0
      , new delhi
      Reviewed on Feb 06, 2017
    • IDBI Federal Life Insurance
      "It is a good accidental policy"
      0.5 4.0/5 "Great!"
      IDBI term insurance is really good,. The premium what I pay its a one time payment of rs 4000 and the coverage amount is 50 lakhs. I am supposed to pay 4k on an annual basis and this was offered for a period of 25 years.
      Was this review helpful? 1
      , kolkata
      Reviewed on Nov 17, 2016
    • IDBI Federal Life Insurance
      "IDBI FEDERAL SAVINGS INSURANCE PLAN- FRAUD "
      0.5 0.5/5 "Unacceptable"
      I have a life insurance policy with IDBI Federal insurance company and which is 100% fraud policy... Never take this policy in your life. If you want to lose your money you can take this policy. Agent has told some stories that you can surrender any time, you can get full amount with interest. etc IDBI Federal is a fraud
      Was this review helpful? 1
      , hyderabad
      Reviewed on Aug 26, 2016
    • IDBI Federal Life Insurance
      "Fabulous"
      0.5 5.0/5 "Blown Away!"
      I have life insurance policy with IDBI federal insurance company and the coverage value is around 50 lakh Rupees. Plan benefits are really good with them and the payment mode is at single shot. Customer service is very good with IDBI federal insurance company.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 02, 2016
    • IDBI Federal Life Insurance
      "Better policy "
      0.5 4.0/5 "Great!"
      My life insurance is from IDBI federal. My friend who is working in the bank suggested this policy to me. The total tenured period is 15 years and the insurance covers death and accidental benefits. I went with this insurance because of good returns and better coverage.
      Was this review helpful? 0
      , patna
      Reviewed on Jun 07, 2016
    • IDBI Federal Life Insurance
      "Proper intimation made"
      0.5 4.0/5 "Great!"
      I like the service provided by IDBI federal related to the Life Insurance services.They intimate about the policy dates and other intimation related to the Insurance are given through the phone calls.I am having a 10years coverage plan with Federal Insurance.
      Was this review helpful? 0
      , nellore
      Reviewed on May 03, 2016
    • IDBI Federal Life Insurance
      "Happy benefits!"
      0.5 4.0/5 "Great!"
      The IDBI federal Life insurance comes with a lockin period of 5 years. The policy holder will be getting benefit after 5 years and that can be extended up to 10 years to get some extra bonus. Premium payment is made on yearly basis which is pf 49K for a year.
      Was this review helpful? 0
      , kolkata
      Reviewed on Feb 24, 2016
    • IDBI Federal Life Insurance
      "The manger is very supportive..."
      0.5 3.0/5 "Satisfactory"
      Ease of opening the life insurance policy with the IDBI Federal and along with that they also provided RD and PPF account. The relationship manger is very helpful and so I took decision of opening the life insurance. It is a cash back guaranteed plan.
      Was this review helpful? 0
      , belgaum
      Reviewed on Jan 15, 2016
    • IDBI Federal Life Insurance
      "Good Plan "
      0.5 4.0/5 "Great!"
      I have taken life insurance from idbi federal in which we the premium is rs.25,000 yearly once will get the sum assured amount after 20 years. Policy coverage offered is five lakhs .They cover the accidental and natural death. We can make the payment through online , cheque and cash .
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 11, 2016
    • IDBI Federal Life Insurance
      "Good investment...."
      0.5 4.0/5 "Great!"
      IDBI federal life insurance is nice. From investment point of view its really good. That was taken last 4 years back and the tenure was 10 years. After maturity period I will get 10lakhs and that was for my daughter. I used to make the payment through on line once in a year.
      Was this review helpful? 0
      , pune
      Reviewed on Dec 28, 2015
    • IDBI Federal Life Insurance
      "good plan "
      0.5 4.0/5 "Great!"
      I haven taken life plan for 25 years from idbi federal. In which we have to make the payment for 15 years and after that we will be getting the amount as per our convenient. Within the tenure any unfortunate take place to the insure they cover the whole amount. The ecs option is so not given to the customer choice.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 21, 2015
    • IDBI Federal Life Insurance
      "Purely money back policy!"
      0.5 5.0/5 "Blown Away!"
      In 2009 I signed up a Life Insurance Policy with IDBI Federal. Payment is made on yearly basis. Once the payment is completed through online, I am getting the receipt in PDF formats to the registered email address. This is simply a money back policy with a tenure of 15 years.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 25, 2015
    • IDBI Federal Life Insurance
      "NICE"
      0.5 4.0/5 "Great!"
      From IDBI federal I have taken the life insurance for 15 years. Policy coverage offered is 4 lakhs Maximum of 18-20% of the premium will be given in the maturity period. They cover the critical illnesses only in the 50% amount. But for the accidental and natural death 100% amount is given. Payment can be paid through online or cheque.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 25, 2015
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