What is IDBI Federal Incomesurance endowment and money back plan?

IDBI Federal Incomesurance Endowment and Money Back Plan is a plan that gives you an option to choose between endowment and money back plan. It provides insurance cover as well as guaranteed cash backs at periodic intervals.

What is the benefit of IDBI Federal Life Insurance?

IDBI Federal Life Insurance POS Guaranteed Income Plan: A savings plan that offers you guaranteed returns and life protection for 10 years. Pay premium for 5 years and you can enjoy life protection throughout the term of the policy. You have the option to choose your payouts in lump sum amount or as regular income.

How can I check my IDBI Federal policy?

Call the toll free number 1800 209 0502 and speak to the customer service executive of the company. The customer service department works from 10:00 a.m. to 6:30 p.m. on all weekdays. When you provide your policy number, the customer service executive will be able to provide the status of your policy.

How do I cancel my IDBI Federal policy?

Surrender Policy: Reason(s) for policy surrender and the surrender form needs to be submitted at the nearest IDBI Federal Life Insurance branch, along with the following documents: Original policy documents. Canceled cheque with the policyholder’s name on it.

Is IDBI Federal Life Insurance Good?

IDBI federal life pension plan is one of the best plan in the market. The policy coverage is high ~89% and the claims are high too. The service is fast and the behaviour of the staff members and the executives is very nice. Good future investment, I like my plan.

Is IDBI and Federal Bank same?

IDBI Federal Life Insurance Co Ltd. joint-venture of Federal Bank, one of India’s oldest leading private sector banks in India and Ageas, a multinational insurance giant based out of Europe. It’s renamed to AGEAS Federal Life insurance Company as IDBI Bank has sold its share to Ageas.

Can I pay LIC premium in IDBI Bank?

Premium can be collected only in CASH (up to Rs. 50,000/- only) or CHEQUE drawn on that bank. However in IDBI Bank, other bank cheques also can be accepted. 3.

Is IDBI full form?

Industrial Development Bank of IndiaIDBI Bank / Full name

How do I cancel my federal life insurance policy?

You may reduce or cancel your FEGLI coverage at any time by completing the Life Insurance Election Form, SF 2817, and submitting it to the Retirement and Employee Benefits Branch (REBB) at 31 Center Drive, Bldg 31/Rm 1B37, Bethesda, MD 20892-2215.

How do I cancel my Ageas federal life insurance?

You can also contact us at our customer portal https://mypolicy.ageasfederal.com or call us Toll free at 1800 209 0502 or use our web chat service (bottom right corner on the home page) from the safety and comfort of your home.

What happens if I stop paying LIC premium after 3 years?

Payment In Case Of Surrender If you surrender after 3 years, the surrender value will be around 30% of the premiums paid, excluding the premium paid in the first year and the premiums paid towards accidental benefit. So, the later the policy surrendered, the higher will be the LIC surrender value.

Is IDBI government or private bank?

But as IDBI Bank Limited’s name suggests, it is a limited liability private company, where the government wants to sell its shares. This is not privatisation as it is made out to be.