Customers of IDBI Federal Life Insurance Life Insurance can easily pay their premiums online through the various channels offered by the company. In this way, the company caters to the needs of customers living in different parts of the country.
IDBI Federal Life Insurance Co. Ltd. was founded in the year 2008 and is among the leading providers of life insurance solutions in the Indian private life insurance sector. IDBI Federal Life Insurance was founded following a 3-way partnership between two Indian banks - IDBI Bank and Federal Bank, with Europe-based multinational insurance provider called Ageas. Holding the distinction of being one of the fastest company to post maiden profits in a record duration of 5 years, IDBI Federal is one of the most reliable and trusted brands in the realm of life insurance in India. The company caters to customers all over India via a spread out network of nearly 2900 branches and provides a variety of life insurance solutions.
To streamline the premium payment process, IDBI Federal has set up a number of channels for online and offline payment of policy premiums. Let's take a look at what these channels are.
IDBI Federal policyholders can also pay policy premiums via their financial advisor. Payments using this option can be made through cheque or a demand draft. The cheque or demand draft for payment must be drawn in favour of 'IDBI Federal Life Insurance Company Ltd Policy No.*insert policy number*'.
Policyholders can also make their due renewal premium payments at any of the Common Service Centres located across India. The maximum amount of premium payment permitted under this option must not exceed Rs.49,999.
For the convenience of their customers, IDBI Federal has established multiple channels for quick and hassle-free premium payment. To avoid your policy from lapsing, make sure you pay your policy premiums on time.
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