IRDAI Registration No. IDBI Federal Life Insurance. The plans are discussed below – IDBI federal Childsurance Savings Protection Insurance Plan Corporate Identity Number (CIN) – U66010MH2007PLC167164. Benefits of IDBI Federal Lifesurance Savings Insurance Plan. IDBI Federal Childsurance Savings Protection Insurance Plan. IDBI Federal Life Insurance Co Ltd is a joint-venture of IDBI Bank, India’s premier development and commercial bank, Federal Bank, one of India’s leading private sector banks and Ageas, a multinational insurance giant based out of Europe. Insurance is the subject matter of solicitation.Visitors are hereby informed that their information submitted on the website may be shared with insurers. Watch Childsurance Savings Protection Plan from IDBI Federal video online on Rediff Videos. List of Child Plans Provided by IDBI Federal Life Insurance. Extensive life cover for a relatively small premium. The child will receive the Guaranteed Annual Payouts as usual even if the policyholder is not around, Vested Reversionary bonuses and terminal bonus, if any, is paid at the end of the policy term, The Death Sum Assured is defined as the higher of the maturity SA or 10 / 7  times the annual premium. Three life cover options to suit individual needs. Get life insurance coverage with our Term Plans and safeguard your family’s future. Definitions “Bonuses” 1. Having commenced operations in 2008, IDBI Federal was able to achieve breakeven within just 5 years 30 | P a g e 2.4 PRODUCTS OFFERED 2.4.1. IDBI Federal Childsurance ® Savings Protection Plan is a non-linked participating endowment plan that ensures your child’s future financial needs are fulfilled. More videos of Child, Insurance are available. Essentially, IDBI Federal Child Plans consist of two major plans, one that is a regular plan and the other is a market linked plan that ensures participation in the market thus increasing the chances of high returns. IDBI Federal Life Insurance Company Limited ensures ultimate life cover with their life insurance plans. Product information is authentic and solely based on the information received from the Insurer© Copyright 2008-2021 policybazaar.com. The minimum entry age to take the policy is 18 years. Solve this simple math problem and enter the result. IRDAI/WBA21/15 Valid till 13/07/2021. Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history along with the address proof and other KYC documents. IDBI Federal Childsurance Savings Protection Insurance Plan 135, 19th Dec, 07. It is a Traditional Plan with Bonus facility. The IDBI Federal Life Insurance Childsurance Plan is designed in a way that it gives the policyholder guaranteed annual payouts in order to aid crucial milestones in the life of his/her child. The cost of education has … Childsurance® Savings, is designed to give you guaranteed annual payouts and aid the important milestones in your child’s life. Here's How... Get a Hand That Protects Your Child Even In Your Absence. In case of suicide within 12 months of revival, higher of 80% of premiums paid or acquired Surrender Value is paid. Childsurance Savings Protection Insurance Plan News and Updates from The Economictimes.com. Get contact details and address| ID: 6874688597 IDBI FEDERAL Lifesurance Savings Insurance Plan - a fixed-term participating endowment policy that provides you with the twin benefits of long-term savings and life cover. E.g. for 1+3, enter 4. Select from our range of affordable and convenient Online Insurance Plans. Benchmarks . IDBI Federal Childsurance ® Savings Protection Plan (UIN: 135N032V01) is a non-linked participating endowment plan that ensures your child’s future financial needs are fulfilled. MyLife Protection Plan. GSV = GSV Factor * Basic premiums paid including the GSV of Vested Bonuses. Discounted premium rates for females, marathon runners and non-tobacco users. Your Child Can Study Abroad. IDBI Federal Childsurance Savings Protection Insurance Plan is a non-linked participating plan, which ensures that your child’s future is secured. 06 Registration Code No. Comprehensive coverage of both heart and cancer ailments, Fixed Benefit payout on covered conditions irrespective of actual amount spent on treatment. … As one of India's growing life insurance companies, IDBI Federal Life Insurance offers a diverse range of wealth management, protection and retirement solutions to individual and corporate customers. Option to receive immediate or deferred annuity. Watch and share videos and updates by . Medical examination may be required in some cases, based on the sum assured and the age of the person. IDBI Wealth Plan ensures you to receive a lump sum amount of money at the maturity of the Policy. Nifty 11,452.45 174.45. Registered Address: IDBI Federal Life Insurance Co Ltd, 22nd Floor, A Wing, Marathon Futurex, N. M. Joshi Marg, Lower Parel (East),Mumbai 400013, India. Under this plan, the policyholder saves for 10 years and then receives a secured income for the next 10 years. This is a unique plan which aims at helping you provide for all of your child’s future needs. We Would love to interact with you, IDBI Federal Life Childsurance Savings Protection Insurance Plan, idbi-childsurance-savings-protection-insurance-plan:child plan. Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim. IDBI Childsurance Savings Protection Insurance Plan. If policyholder fails to make payment within the grace period, the policy lapses. With the , you receive guaranteed payouts on an annual basis, so you can provide for your child’s needs even if you are no longer around. On death of the policyholder, the death SA is paid immediately. Go Paperless. Secure your employees under a single insurance plan with our wide range of Group Plans. Depends on the minimum premium chosen, age and term, Annual premium in Rupees for a Sum Assured of 5 lakhs, Grace Period: 15 days’ grace period is allowed for premium payment in monthly mode and 30 days in annual mode. IDBI Federal Secured Income Saving Insurance Plan and Policy - IDBI Federal Life Secured Income Insurance Plan is a non-linked, participating insurance plan that allows the policyholders to secure their future income for 10 years. It offers a wide variety of life cover, retirement options, and capital management solutions to both individuals and corporate clients. IDBI Federal Life Insurance Updated on November 27, 2020 , 1621 views. It is a Traditional Plan with Bonus facility. IDBI Federal Life Insurance Company Ltd. is one the leading life insurance service providers in India and aims to cater the needs of the customers with a wide range of innovative services. On maturity, the last instalment of the Annual Payouts along with the vested reversionary bonuses + terminal bonus, if any, is paid to the policyholder. The Compliance Officer of the Company is designated as the Chief Grievance Redressal Officer. IDBI Federal Life Insurance Company is a joint venture between IDBI Bank Limited (48%), Federal Bank (26%) and Aeges (26%). Secure your child’s future with our customised Child Plans to fulfil your child’s higher education and other needs. NSE Gainer-Large Cap . Three life cover options to suit individual needs. Childsurance Savings Protection Insurance Plan News and Updates from The Economictimes.com. The Company has appointed the Branch Heads of the respective branches of the Company as the “Grievance Officer” for their respective offices. IDBI Federal Life Insurance - Offering Childsurance, Mutual Fund Insurance, Educational Insurance Services, Insurance Coverage Service, Insurance Job Work, बीमा सेवा in Beside Ramesh Hospital, Vijayawada, Andhra Pradesh. In case of suicide committed within 12 months of policy inception only 80% of premiums paid are returned to the nominee. All Rights Reserved. Policybazaar does not in any form or manner endorse the information so provided on the website and strives to provide factual and unbiased information to customers to assist in making informed insurance choices. Here is a glimpse of these two plans. Insurance is the … Approval for registration as an Insurance Broker is pending with the IRDAI. IDBI Federal life introduces a special plan to help you plan your savings towards this very goal with the Childsurance Savings Protection Insurance Plan. IDBI Federal Lifesurance Savings Insurance Plan is a fixed-term participating Endowment Plan. Key Features . Yes! IDBI Federal Childsurance Savings Protection Insurance Plan Being a good parent means making sure your child's future stays secure. IDBI Federal Childsurance Savings Protection Insurance Plan is a traditional participating child plan which takes care of the child’s needs even if the parent is not around. Marg, Lower Parel (West), Mumbai – 400013 IDBI Federal Life Insurance Company Limited Page 1 IDBI Federal Childsurance Savings Protection Insurance Plan (UIN: 135N032V01) TERMS AND CONDITIONS 1. It … What is the Best Way to Save For the Child’s Future? IDBI Federal Life Insurance Company Limited 1st Floor, Tradeview, Oasis Complex, Kamala City, P.B. *The information provided on this website/page is only for information sake. Childsurance® Savings, is designed to give you guaranteed annual payouts and aid the important milestones in your child’s life. Option to pay premium just once or for a limited period or throughout the policy term. While one plan is a traditional child insurance plan, the other one is a unit linked plan providing good return through market participation. While one plan is a traditional child insurance plan, the other one is a unit linked plan providing a good return through market participation. 7 Essential Running Gear To Train With In Winter. IDBI Federal Life Insurance is one of the fastest growing Insurance companies in India. It is every parent’s dream to see their child happy and financially secure. The Surrender Value will be higher of the Guaranteed Surrender Value or the Special Surrender Value. Mr. Ajay Mishra at 32 years of age, opts to buy IDBI Federal Childsurance Savings Protection Insurance Plan to secure funds for his daughter’s future educational needs. Multiple minor stage claims allowed for both Heart and Cancer care. Insurance is the subject matter of the solicitation. Being a good parent means making sure your child's future stays secure. Flexibility to choose policy term and premium payment term. IDBI Federal Childsurance Saving Protection Child Insurance Plan and Policy - Parenting is all about ensuring that your child is self-sufficient and well-equipped for their future. The cost of education has shot up significantly and is expected to rise further. Read about company. Tax Benefits are as per the Income Tax Act, 1961, and are subject to changes made thereto from time to time. It is a participating plan with limited and regular premium payment option; Guaranteed Annual Payouts and bonuses boost the corpus Option to pay premium just once or for a limited period or throughout the policy term. IDBI Federal Life Insurance Co Ltd is a joint-venture of IDBI Bank, India’s premier development and commercial bank, Federal Bank, one of India’s leading private sector banks and Ageas, a multinational insurance giant based out of Europe. Know Why you Must Invest in a Child Insurance Plan, Best Investment Options to Ensure Financially Secured Future for Your Child, Everything that You Should Know- Child Insurance Plan, It is a participating plan with limited and regular premium payment option, Guaranteed Annual Payouts and bonuses boost the corpus, The term of the annual payouts depend on the policy term, Guaranteed Annual Payouts are paid out in the last 3 years @ 20%, 20% and 60% of the Maturity Sum Assured or in the last 5 years @ 20% every year. The company was earlier called IDBI Fortis Life Insurance Company. The IDBI Federal Life Insurance Childsurance Plan is a savings plan that is tailored to help the policyholder with his/her child’s financial needs in the future. All Rights Reserved.. *Please note that the quotes shown will be from, Written By: PolicyBazaar - Updated: 14 October 2020, Follow, like, tweet or post. About IDBI Federal Life Insurance Company. Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana - 122001, IRDAI Web aggregator Registration No. IDBI Federal Child Plans. IRDAI Registration No. Let us take a look at the details regarding the child plan offered by the company: IDBI Federal Childsurance Savings Protection Insurance Plan: This is a protection plan that is exclusively designed for children. Future premiums are waived off and are taken care of by the company. 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