IDBI Federal Life Insurance

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IDBI Federal Life Insurance with a claim settlement ratio of 90.33% is a well-known insurance company in India which caters to different needs of its customers by providing various range of insurance products which are easily customisable as one’s needs.

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.

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 Term Insurance Plans

IDBI Federal Life Insurance has a number of life insurance plans for customers to choose from. The plans offered are as follows:

  • iSurance Flexi Term Plan: This is a non-linked, non-participating term life insurance plan that provides a lump sum amount to the beneficiary in the event of the policyholder’s death during the term of the policy. Policyholders can choose from 4 compensation options when purchasing the plan. These include receiving a lump sum amount in the event of a terminal illness diagnosis; a fixed monthly income plan that pays regular income to the beneficiaries for a period of 15 years following the death of the insured; a combination of a lump sum payment of the death benefit and a regular monthly income; and a lump sum payment along with regular monthly income that increases by 7.5% every year. The plan’s conversion option allows the policyholder to encash a percentage of the death benefit amount in the event of a diagnosis of a specified medical condition before attaining the age of 65 years. The policy can be purchased online and medical tests can be carried out at the policyholder’s doorstep at a time that is convenient for them.
  • Income Protect Plan: This is a non-linked, non-participating term life insurance plan that provides the beneficiaries of the policy a lump sum payout to cover immediate expenses. Policyholders have the flexibility of choosing the premium payment term as well as the policy term. The plan provides an increasing monthly income to the beneficiaries of the policy.
  • Termsurance Sampoorn Suraksha Micro-Insurance Plan: This is a non-participating term insurance plan that provides protection to the insured at a relatively low cost. The plan has been designed keeping in mind the financial needs and requirements of the rural population. The plan provides a lump sum payout in the event of the policyholder’s death as well as an additional amount that is paid out due to the accidental death of the policyholder.
  • Termsurance Life Protection Insurance Plan: This is a non-linked, non-participating term insurance plan that provides the policyholder with the flexibility to choose the insurance cover that best suits them. The plan can be tailored to the specifications of the policyholder and comes with four options: pure protection that provides a large cover at a low cost and return of premium on maturity. The policyholder has the flexibility of choosing the policy term as well as the premium payment term. The plan provides discounts for women as well as for individuals who opt for high sum assured.
Plan Sum assured Policy Term
iSurance Flexi Term Plan Rs.50 lakh 10 to 62 years
Income Protect Plan 10 times the annualized premium. 10 to 30 years
Termsurance Sampoorn Suraksha Micro-Insurance Plan
  • Below 45 years: 10 times the annualized premium
  • Above 45 years: 7 times the annualized premium
5 to 10 years
Termsurance Life Protection Insurance Plan Rs.5 lakh 10 to 30 years

IDBI Federal Life Insurance Child Plans:

  • Childsurance Savings Plan: This plan has been devised to help secure the financial future of the child. Policyholders receive regular payouts to finance milestones in the child’s life. The plan continues to provide financial protection to the child in the event of the policyholder’s death. Policyholders decide the sum to be paid out on maturity as well as the frequency of the payouts. Future premium payments are waived in the event of the policyholder’s death during the course of the policy’s tenure.
  • Wealthsurance Future Star Insurance Plan: This is a unit-linked plan that has been created to help build a corpus for the policyholder’s child’s future. The plan comes with a life cover and an immediate lump sum payment in the event of the death of the policyholder in addition to a waiver on future payments. Policyholders can choose from 9 fund options based on their risk appetite. Policyholders also receive guaranteed loyalty additions for long-term investments.
Plan Sum assured Policy Term
Childsurance Savings Plan
  • Below 45 years: 10 times the annualized premium
  • Above 45 years: 7 times the annualized premium
10 to 25 years
Wealthsurance Future Star Insurance Plan
  • Below 45 years: 10 times the annualized premium or0.5 times policy term x annual premium.
  • Above 45 years: 7 times the annualized premium or
0.25 times policy term x annual premium
10 to 25 years

IDBI Federal Life Insurance ULIP Plans

IDBI Federal Life Insurance provides its customers with the option of growing their wealth through investment options in addition to providing an insurance policy. Both these ULIP plans can be purchased online. The following are the ULIP plans offered:

  • Wealthsurance Growth Insurance Plan SP: This is a unit-linked plan that provides the policyholder with market returns through a one-time investment. Policyholders have the freedom to choose their investment amount based on the financial goal that they wish to achieve. The plan also provides policyholders with guaranteed loyalty additions. The policyholder’s investment amount is split into an investment account and an insurance account. The charges for the policyholder’s insurance account is deducted from their investment account.
  • Wealth Gain Insurance Plan: This is a unit-linked insurance plan that enables the policyholder to build their wealth in addition to providing a life cover. The policy allows the insured the flexibility to make premium payments on a monthly or annual basis. Guaranteed loyalty additions further boost the policyholder’s investments. Policyholders have the added benefit of switching between fund options as per their choice. Securing the entire family under this policy entitles the policyholder to a waiver on premiums for disability.
Plan Sum assured Policy Term
Wealthsurance Growth Insurance Plan SP Below 45 years: 1.25 times the single premium Above 45 years: 1.10 times the single premium 5/10/15/20/25 years
Wealth Gain Insurance Plan 10 times the annualized premium or 0.5 times the policy term x annualized premium 10/15/20 years

IDBI Federal Life Insurance Savings Plans

The following are the savings plans offered by IDBI Federal Life Insurance:

  • Dream Builder Plan: This plan provides the policyholder with the benefit of a life cover throughout the term of the policy after paying a premium for only 8 years. Policyholders have the flexibility of choosing their policy term based on their financial goals. A percentage of the maturity sum is paid out as guaranteed annual payouts in the last 3 years of the policy’s term. In case of total and permanent disability of the insured during the course of the policy term, all future premium payments are waived.
  • Lifesurance Savings Plan: This is a fixed term, non-linked participating plan that serves the dual purpose of a savings plan and a life insurance policy. Policyholders receive a sum on maturity of the policy in addition to vested guaranteed additions and reversionary bonuses. The plan gives policyholders the flexibility of choosing the term of their policy and premium payment. Policyholders also decide on the maturity sum.
  • POS Guaranteed Income Plan: This is a non-linked, non-participating life insurance policy that provides coverage for the entire policy term after making premium payments for only 5 years. Policyholders have the benefit of enjoying guaranteed returns regardless of the market conditions. Policyholders can choose between an income plan and an endowment plan. The plan provides the policyholders with the flexibility of choosing their payout options.
  • POS Guaranteed Plan: This is a non-linked, non-participating life insurance plan. Policyholders have the benefit of obtaining protection for the entire policy term after making a single premium payment. Benefits are paid out in a lump sum as maturity benefit. Policyholders receive guaranteed returns on their investment regardless of the market conditions.
  • Incomesurance Guaranteed Money Back Plan: This is a non-linked, non-participating insurance policy that provides policyholders with guaranteed annual income. The plan has a limited premium payment term which requires the policyholder to make premium payments for 5 years and enjoy a life cover for the rest of the policy term. Policyholders receive guaranteed annual payouts from the 6th to 10th year of the policy term. The plan permits the policyholder with the flexibility to choose their premium amount.
  • Incomesurance Plan 6 Pay: This is a guaranteed money-back plan. The policyholder is required to pay a limited premium for the first 6 years of the policy and can avail the life cover for the rest of the policy term. The plan provides policyholders with guaranteed annual returns from the 8th to 13th year of the policy’s term. Policyholders receive a lump sum payout if diagnosed with a critical illness to fund the medical expenses. Additionally, all future premiums are waived and the cover continues till the end of the policy term.
  • Incomesurance Plan 7 Pay: This is a guaranteed money-back insurance policy that provides the policyholder with guaranteed returns. Policyholders are required to make premium payments for the first 7 years of the policy and can continue to enjoy the life cover for the rest of the policy tenure. From the 8th year of the policy term, the insured receives an annual payout which is equal to 126.66% to 143.23% of the premiums paid. The plan also comes with a critical illness benefit.
Plan Basic Sum assured Policy Term
Dream Builder Plan Rs.2.15 lakh 10 to 22 years
Lifesurance Savings Plan 10 times the annualized premium; 105% of premiums paid 10/15/20/25 years
POS Guaranteed Income Plan Maturity sum assured x no. of premiums paid/ no of premiums payable 10 years
POS Guaranteed Plan Maturity factor x Single premium 7 years
Incomesurance Guaranteed Money Back Plan 10 times the annualized premium; 105% of premiums paid 10 years
Incomesurance Plan 6 Pay 10 times the annualized premium; 105% of premiums paid 13 years
Incomesurance Plan 7 Pay 10 times the annualized premium; 105% of premiums paid 14 years

IDBI Federal Life Insurance Group Plans

IDBI Federal Life Insurance has a wide range of group insurance plans that give employers with a number of options to choose for their employees.

  • Group Employee Benefit Plan: This is a unit-linked, non-participating group life insurance plan that provides employers with an investment platform to earn market-linked returns. Policyholders have the option of investing in both debt and equity funds. The plan permits policyholders the flexibility of making free unlimited switches between funds. Employers can easily manage their employees’ leave encashment and gratuity benefits.
  • Group Loan Secure Plan: This is a non-linked, non-participating, group credit life insurance plan that helps group members secure their mortgages. The plan covers loans against property, home loans, and plot loans. Policyholders can choose from 2 death benefit options. Coverage can be obtained for a single life plan as well as a joint life plan. Policyholders have the flexibility of covering the loan amount as part of their plan.
  • Group Microsurance Plan: This plan is ideal for microfinance institutions who are looking to provide affordable life covers to groups. The plan does not require any medical reports regardless of the sum assured chosen. Policyholders can add an accidental death rider to the group policy. Policyholders can choose the type of cover i.e., level cover option or decreasing cover option.
  • Loansurance Group Insurance Plan SP: This is a non-linked, non-participating group insurance plan. The plan is a pure risk, single premium, group credit protection plan. It provides a full loan cover and can be an individual cover or a joint cover. Policyholders can choose between two life covers - level covers and reducing covers.
  • Retiresurance Group Plan: This is a non-linked, non-participating group insurance plan that takes care of the employees’ superannuation, leave encashment, and gratuity. The plan helps manage the employees’ retirement benefits and provides employees with a life cover.
  • Termsurance Group Insurance Plan: This plan provides the policyholder with a life cover to the employees at an affordable cost. A lump sum amount is paid out to the beneficiaries in the event of the insured’s death. The premiums paid by the master policyholder have tax deductions since they are considered a business expense. The plan is easy to set up and administer.
  • Termsurance Group Protection Plan: This is a pure term plan that has been designed to protect individuals that have common economic interests. The plan comes with additional riders for accidental death, terminal illness, and critical illness. The plan is an affordable way for employers to provide a life cover to their employees, in addition to being easy to set up. The plan does not require the submission of any medical test results.
  • Loansurance Group Insurance Plan: This is a group insurance plan that helps protect the borrower's savings and assets. Up to 4 borrowers can be insured based on their proportion of the loan under a single policy. Borrowers can choose the premium amount and payment term based on the type of cover that they choose.
Plan Sum assured Policy Term
Group Employee Benefit Rs.5,000 10 members
Group Loan Secure Plan Rs.5 lakh 50 members
Group Microsurance Plan Rs.5,000 20 members
Loansurance Group Insurance Plan SP Rs.10,000 50 members
Retiresurance Group Plan Rs.50,000 10 members
Termsurance Group Insurance Plan Rs.5,000 50 members
Loansurance Group Insurance Plan Rs.10,000 50 members
Termsurance Group Protection Plan Rs.5,000
  • Employer-employee: 25 members
  • Non-employer- employee and social sector: 50 members

Raising a 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
2017 - 2018 91.99%
2016 - 2017 90.33%
2015 - 2016 84.79%
2014 - 2015 75.80%
2013 - 2014 90.34%

Documents Required for Buying IDBI Life Insurance:

If you wish to apply and purchase any 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 Federal Life Insurance Customer Care:

Customer service is an important part of the bouquet of services which IDBI Federal provides its customers. To facilitate this, the insurer has set up various channels via which customers can get in touch with the support team at the company to get their queries and complaints resolved. The multitude of channels via which customers can connect with the customer support team include a helpline number for assistance and enquiries, a customer care email ID, and a set complaint resolution matrix which has been established for speedy resolution of all kinds of queries and grievances. In addition to this, customers can also make their policy premium payments online and track their application from the IDBI Federal website.

IDBI Life Insurance FAQs:

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

    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?

    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?

    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?

    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?

    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?

    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?

    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?

    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?

    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?

    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’?

    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?

    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?

    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?

    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?

    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

  • Young Star Plus Plan launched by IDBI Federal Life Insurance

    IDBI Federal Life Insurance has recently announced the launch of the IDBI Federal Life Insurance Young Star Plus Plan. The plan is a non-linked, participating, savings plan.

    It is a comprehensive life insurance plan which allows the policyholders to drive their savings towards the financial security and support of their children’s future. The flexibility of choosing between the premium payment term (PPT) will be available for the policyholders on the basis of the policy term (PT).

    25 November 2020

  • IDBI Bank may be privatized soon

    The Industrial Development Bank of India (IDBI) may be privatized soon with the Government of India planning to sell its balance holding to investors in the retail, private, and institutional sectors through the stock exchange, as announced by Nirmala Sitharaman, the Finance Minister, in the Union Budget 2020-21. The bank was established in 1964. Cabinet approval for this may be sought in the coming weeks. The stake of the Government of India in the bank amounts to 47.11%. The sale might be conducted over the course of two to three tranches which might start at the end of the financial year 2020-2021 or even at the beginning of the next fiscal year. This is a part of the Government of India’s disinvestment program to help raise funding, the target of which is Rs 2.1 lakh crore from the stake sale proceedings in the year 2020-21. For the quarter ending 30 September 2020, the net profit of the bank was Rs.324 crore whereas the net loss was Rs.3,459 crore. The asset quality of IDBI improved with 25.08% being the gross advances of non-performing assets, which was at 29.43% last year. The government-owned Life Insurance Corporation (LIC) of India has a stake of 51% stake in the bank.

    5 November 2020

  • IDBI Federal Insurance shows positive cues amidst COVID-19; continues appraisal cycle, promotions and salary hikes.

    IDBI Federal Life Insurance, even amidst COVID-19 and a volatile job market in the world, has shown positivity to its employees by resuming its appraisal cycle. The company also provided its employees with hikes. The company in FY19-20 has averaged a bonus of 22.4%. Even though the recent guidelines by the central government had allowed a statutory rate of EPF contribution at 10% for both employer and employee, the company had retained its contribution at 12% keeping in mind the benefits of its employees.

    The company also provided various provisions of promotions to 15% of the total task force to maintain high morale and ensure growth during the times of COVID-19.

    3 June 2020

  • IDBI Federal Life Insurance releases videos talking about different life insurances

    IDBI Federal Life Insurance has released a new video campaign which aims to create awareness about the importance of financial planning for each stage in life.

    The insurance bank has released four videos and is conceptualized by Orange Radius Arts Private Limited. Each of these four videos highlights the importance of availing the right type of insurance during the different stages of life. It can be during a promotion, getting married, having a child and planning for the child’s future.

    The campaign will target customers from all segments such as millennials, new parents and others as well. The video campaign will be running across the month of September.

    17 September 2019

  • Young Star Advantage Plan Launched by IDBI Federal Life Insurance

    India’s most trusted private life insurance company, IDBI Federal Life Insurance has recently launched the most ideal plan for the children of India. The company recently announced the launch of IDBI Federal Life Young Star Advantage Plan, which helps the policyholder secure his/her child’s dreams and goals without any hindrance. The plan also makes sure that all future financial needs of the child are taken care of, even in case of untimely death of the policyholder. In this plan, the child receives yearly payouts from the insurance company in order to meet with the important milestones of his/her life. One of the most interesting features of IDBI Federal Life Insurance’s Young Star Advantage Plan is that it comes along with Guaranteed Additions. This means that these guaranteed additions are accrued to the life insurance policy and are paid out to the child at the end of the policy term (along with the maturity benefit). Depending on the policy term chosen by the policyholder, these Guaranteed Additions are paid out at the end of each policy year, in the last 3 or last 5 years of the policy.

    23 April 2019

  • Public listing for IDBI Federal Life for bank exit

    IDBI Federal Life is considering various options, including public listing, for IDBI Bank's exit from the collaboration. IDBI bank holds the largest share of the company at 48 per cent whereas Federal bank and Belgium-base insurance company Ageas hold 26 per cent.

    According to the latest statement released by Shyam Srinivasan, Federal bank CEO, IDBI will no longer be a part of IDBI Federal Life. However, it is still unclear whether they will remain as an investor or a distributor. He added that it is up to IDBI if they want to retain 10 per cent investment of the joint venture.

    The move came after LIC completed its acquisition of IDBI bank as regulations restrict banks to be a part of two insurance companies. IDBI announced after the acquisition that they will leverage business synergies with LIC by selling LIC policies through their branches and workforce. IDBI's board has approved LIC to be the new corporate agent. Speaking about the joint venture's future, Federal Bank CEO said that the insurance company has been growing at a rapid pace and will continue to do so.

    13 March 2019

  • IDBI Federal Life Insurance New Delhi Marathon to be Led by Sachin Tendulkar

    The IDBI Federal Life Insurance New Delhi Marathon 2019 is slated to be held on 24 February 2019 at the Jawaharlal Nehru Stadium. Leading around 18,000 runners at the event, the legendary cricketer – Sachin Tendulkar – is expected to join in the #KeepMoving Push-up Challenge to support the families of Pulwama martyrs. At the beginning of each of the races, the marathon participants including Tendulkar will do 5 to 10 push-ups as part of the #KeepMoving Push-up Challenge which will help make a difference to the families of the martyrs who died during the Pulwama attack. Under this challenge, the IDBI Federal Life Insurance has vouched to donat Rs.100 per participant towards the fund for the martyrs.

    As per the statements made by Tendulkar, the brand ambassador of IDBI Federal Life Insurance, he believes that one should always try to push his/her limits and continue to challenge themselves in order to succeed. Following this mantra, the life insurance provider has organised the #KeepMoving Push-up Challenge at the IDBI Federal Life Insurance New Delhi Marathon for this year. The MD and CEO at IDBI Federal Life Insurance, Vighnesh Shahane, has stated that the company wishes to support the families of all the brave martyrs of the Pulwama attack through this event.

    22 February 2019

  • IDBI Federal Life is expecting a flat growth in the current fiscal

    IDBI Federal Life which is a three-way joint venture between IDBI, Federal Bank, and Aegis, is expecting a flat growth in their new business premium in the current financial year according to a company official. While there was a 15% growth in the premium the last financial year, the company is expecting to record a growth somewhere between 12% and 18% this fiscal year according to Vighnesh Shahane, the CEO and whole-time director of IDBI Federal Life. Currently, the organisation is going through some kind of uncertainty as LIC has acquired a 51% stake in the IDBI Bank which might lead to a change in the name of the bank.

    15 February 2019

  • IDBI Federal Life Insurance launches #Keepmoving campaign to redefine fitness in India

    One of India's leading life insurance companies, IDBI Federal Life Insurance, has joined hands with brand ambassador Sachin Tendulkar to announce their #Keepmoving campaign that re-imagines the goal of total fitness by focusing on physical health and finances.

    With the unveiling, the company wants to redefine the way fitness is perceived in India. In the campaign, IDBI highlights how physical fitness and financial fitness are both important to lead a healthy life.

    The campaign will kick start with a series of short films that feature the cricketing legend. Tendulkar shared how Indians focus primarily on physical fitness when they think of leading a healthy lifestyle. Financial fitness sits at the lower level of priorities and with the #Keepmoving movement, IDBI wishes to revolutionise this.

    According to Vighnesh Shahane, MD and CEO of IDBI Federal Life Insurance, with the campaign they want to encourage and motivate the sedentary Indians towards the road to total fitness. He believes that the campaign will help the citizens build a better tomorrow and as a result in a better future for the country.

    11 January 2019

  • IDBI Federal Life Insurance launches #Keepmoving campaign to redefine fitness in India

    One of India's leading life insurance companies, IDBI Federal Life Insurance, has joined hands with brand ambassador Sachin Tendulkar to announce their #Keepmoving campaign that re-imagines the goal of total fitness by focusing on physical health and finances.

    With the unveiling, the company wants to redefine the way fitness is perceived in India. In the campaign, IDBI highlights how physical fitness and financial fitness are both important to lead a healthy life.

    The campaign will kick start with a series of short films that feature the cricketing legend. Tendulkar shared how Indians focus primarily on physical fitness when they think of leading a healthy lifestyle. Financial fitness sits at the lower level of priorities and with the #Keepmoving movement, IDBI wishes to revolutionise this.

    According to Vighnesh Shahane, MD and CEO of IDBI Federal Life Insurance, with the campaign they want to encourage and motivate the sedentary Indians towards the road to total fitness. He believes that the campaign will help the citizens build a better tomorrow and as a result in a better future for the country.

    11 January 2019

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