Introduction
When it comes to renowned life insurance providers in India, how can you not know the name of IDBI Federal Life Insurance Company? Established in 2008, IDBI Federal Life Insurance Company is joint venture company between IDBI Bank, Federal Bank and Ageas a European Insurance Company. This company has over 2000+ branches all over the India. It aims to meet the requirements of customers this life insurance company offers an array of products, such as capital management solution, protection and retirement. The age limit must be 18 years to 55 years in order to be eligible for getting IDBI Federal Life Insurance plans. This company also gives resourceful technological solution to its customers.
Main Plans of IDBI Federal Life Insurance Company
Plan | Sum assured | Policy Term |
Saral Jeevan Bima | Rs.5 lakh to Rs.25 lakh | 5 years to 40 years |
Income Protect Plan | 10 times the annualized premium. | 10 to 30 years |
My Life Protection Plan | Rs. 50 lakh | 10 years to 85 years |
Termisurance Life Protection Insurance Plan | Rs.5 lakh (minimum) | 10 to 30 years |
Life Advantage Plus Plan | 10 times the annualized premium | 11 years to 20 years |
Background
IDBI Federal Life Insurance Company was founded in March 2008 as a joint venture between IDBI Bank, Federal Bank, and Ageas, a Belgian-Dutch insurance major.
Product Offerings
The company offers a range of life insurance products, including term insurance plans, savings plans, ULIP plans, child plans, and retirement plans.
Distribution Channels
IDBI Federal Life Insurance distributes its products through a multi-channel network, including insurance agents, bancassurance partners (IDBI Bank, Federal Bank), direct channels, and insurance brokers.
Online Services
The company provides online services for customers to purchase and manage their insurance policies. This includes online premium payment, policy renewal, and claims settlement.
Customer Reviews
According to employee reviews on Indeed.com, IDBI Federal Life Insurance is considered a good company to work for, with a comfortable and well-maintained workplace
Corporate Social Responsibility
IDBI Federal Life Insurance is involved in various corporate social responsibility initiatives, focusing on education, healthcare, and community development.
Website
For further information contact on https://www.ageasfederal.com/