This is a unique plan which aims at helping you provide for all of your child’s future needs. The company was earlier called IDBI Fortis Life Insurance Company. Childsurance Savings is designed to give the customers, guaranteed annual payouts and … Option to pay premium just once or for a limited period or throughout the policy term. All Rights Reserved.. *Please note that the quotes shown will be from, Written By: PolicyBazaar - Updated: 14 October 2020, Follow, like, tweet or post. Option to receive immediate or deferred annuity. IDBI Federal Childsurance Savings Protection Insurance Plan IDBI Federal Childsurance Savings Protection Insurance Plan is a non-linked participating endowment plan.This Plan is designed to give the Insured a guaranteed annual payouts. Key Features . It is a participating plan with limited and regular premium payment option; Guaranteed Annual Payouts and bonuses boost the corpus It is a Traditional Plan with Bonus facility. In case of suicide within 12 months of revival, higher of 80% of premiums paid or acquired Surrender Value is paid. 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. *The information provided on this website/page is only for information sake. Approval for registration as an Insurance Broker is pending with the IRDAI. IDBI Federal Life Insurance Company is a joint venture between IDBI Bank Limited (48%), Federal Bank (26%) and Aeges (26%). About IDBI Federal Life Insurance Company. IDBI Federal Lifesurance Savings Insurance Plan is a fixed-term participating Endowment Plan. Choice of Multiple Policy Terms – Policyholders can choose from various policy terms, as per their convenience, at the end of which they will receive maturity benefits.Policies are available for terms ranging from 10, 15, 20 and 25 years. What is the Best Way to Save For the Child’s Future? 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. IDBI Federal Child Plans. The plans are discussed below - IDBI federal Childsurance Savings Protection Insurance Plan. Discounted premium rates for females, marathon runners and non-tobacco users. IRDAI/WBA21/15 Valid till 13/07/2021. Corporate Identity Number (CIN) – U66010MH2007PLC167164. On maturity, the last instalment of the Annual Payouts along with the vested reversionary bonuses + terminal bonus, if any, is paid to the policyholder. Select from our range of affordable and convenient Online Insurance Plans. Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana - 122001, IRDAI Web aggregator Registration No. 135, 19th Dec, 07. We Would love to interact with you, IDBI Federal Life Childsurance Savings Protection Insurance Plan, idbi-childsurance-savings-protection-insurance-plan:child plan. Under this plan, the policyholder saves for 10 years and then receives a secured income for the next 10 years. Secure your child’s future with our customised Child Plans to fulfil your child’s higher education and other needs. Childsurance® Savings, is designed to give you guaranteed annual payouts and aid the important milestones in your child’s life. Multiple minor stage claims allowed for both Heart and Cancer care. 06 Registration Code No. Registered Address: IDBI Federal Life Insurance Co Ltd, 22nd Floor, A Wing, Marathon Futurex, N. M. Joshi Marg, Lower Parel (East),Mumbai 400013, India. In case of suicide committed within 12 months of policy inception only 80% of premiums paid are returned to the nominee. The Compliance Officer of the Company is designated as the Chief Grievance Redressal Officer. IDBI Federal Childsurance Savings Protection Insurance Plan is a non-linked participating plan, which ensures that your child’s future is secured. 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. It is every parent’s dream to see their child happy and financially secure. IRDAI Registration No. Copyright 2021 IDBI Federal Life Insurance. 135, 19th Dec, 07. Flexibility to choose policy term and premium payment term. Insurance is the … Flexibility to choose policy term and premium payment term. IDBI Federal life introduces a special plan to help you plan your savings towards this very goal with the Childsurance Savings Protection Insurance Plan. If policyholder fails to make payment within the grace period, the policy lapses. All Rights Reserved. Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history along with the address proof and other KYC documents. It is a guaranteed plan that allows you to accumulate considerable savings to meet your responsibilities in life IDBI Federal Childsurance ® Savings Protection Plan is a non-linked participating endowment plan that ensures your child’s future financial needs are fulfilled. It is a Traditional Plan with Bonus facility. 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. Medical examination may be required in some cases, based on the sum assured and the age of the person. The various IDBI Federal Life Insurance Company Saving Plans are Childsurance Savings Protection Insurance Plan, IDBI Federal Lifesurance Savings Insurance Plan. IDBI Federal Life Insurance Company Limited 1st Floor, Tradeview, Oasis Complex, Kamala City, P.B. Three life cover options to suit individual needs. 30 | P a g e 2.4 PRODUCTS OFFERED 2.4.1. The product information for comparison displayed on this website is of the insurers with whom our company has an agreement. The Surrender Value will be higher of the Guaranteed Surrender Value or the Special Surrender Value. Having commenced operations in 2008, IDBI Federal was able to achieve breakeven within just 5 years The Company has appointed the Branch Heads of the respective branches of the Company as the “Grievance Officer” for their respective offices. Enjoy the advantage of investing in markets along with the benefit of life insurance with our ULIP plans. It offers a wide variety of life cover, retirement options, and capital management solutions to both individuals and corporate clients. IDBI Federal Life Insurance unveils premier Child Plan Childsurance is a Unit Linked Insurance Plan with innovative features that ensure a perfect combination of optimum returns and safety. Income tax benefit on the premium paid as per Section 80C and on the claims received as per Section 10(10D) of the Income Tax Act. Watch and share videos and updates by . The cost of education has shot up significantly and is expected to rise further. 7 Essential Running Gear To Train With In Winter. Tax Benefits are as per the Income Tax Act, 1961, and are subject to changes made thereto from time to time. 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. 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. 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. Product information is authentic and solely based on the information received from the Insurer© Copyright 2008-2021 policybazaar.com. Corporate Identity Number (CIN) – U66010MH2007PLC167164. Insurance is the subject matter of the solicitation. Childsurance Savings Protection Insurance Plan News and Updates from The Economictimes.com. The cost of education has … While one plan is a traditional child insurance plan, the other one is a unit linked plan providing a good return through market participation. IRDAI Registration No. 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. Childsurance Savings Protection Insurance Plan Overview Childsurance Savings Protection Insurance Plan is a traditional participating Child plan which takes … Flexibility to choose premium payment term and policy term of one’s choice, Get policy benefits in lump sum or as regular income, Guaranteed loyalty additions to boost your investment, Life cover for financial protection of your loved ones, Guaranteed pay out for 7 consecutive years or Lump sum amount at maturity, Pay only for the first 7 years of the policy, Increasing monthly income for your family in your absence, Lump sum benefit to take care of immediate expenses, Option to get return of premium on maturity, Premium payment options as per your choice, 125% of Maturity sum assured paid out in the form of Guaranteed Annual Payouts to help fund critical milestones, Guaranteed additions up to 10% every five years depending on the policy term chosen, Financial security of the loved one’s in case of an unfortunate event - No future premiums payable and policy continues with planned benefits, Pay only for the first 8 years of the policy, Enjoy Guaranteed Annual Payouts in the last 3 years of the policy term, No future premiums payable on death or disability of life assured, Guaranteed loyalty additions to boost savings, Life Protection with Market linked returns, Choice of regular and limited premium paying terms, Option to choose from 6 fund options based on your risk appetite, Enhanced protection offered by Critical Illness Benefit, Choose from a range of funds as per your financial needs, Unlimited free switches and premium redirection. Choose our Savings Plans providing double benefit, of life insurance cover along with good returns on your investments. 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. Here's How... Get a Hand That Protects Your Child Even In Your Absence. Read about company. Go Paperless. Get contact details and address| ID: 6874688597 HASSLE-FREE SETTLEMENT FOR CLAIMS ARISING OUT OF RECENT RIOTS AND NATURAL CALAMITIES. 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. 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. 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. 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. IDBI Federal Childsurance Savings Protection Insurance Plan Being a good parent means making sure your child's future stays secure. … Benefits of IDBI Federal Lifesurance Savings Insurance Plan. Benchmarks . List of Child Plans Provided by IDBI Federal Life Insurance. Comprehensive coverage of both heart and cancer ailments, Fixed Benefit payout on covered conditions irrespective of actual amount spent on treatment. GSV = GSV Factor * Basic premiums paid including the GSV of Vested Bonuses. **Discount is offered by the Insurance company as approved by IRDAI for the product under File & Use guidelines #On the basis of your profile, CIN: U74999HR2014PTC053454 Policybazaar Insurance Brokers Private Limited (formerly known as Policybazaar Insurance Web Aggregator Private Limited) Policybazaar is currently registered as a Web aggregator by IRDAI. MyLife Protection Plan. He buys this plan with the policy term of 20 years, premium payment term of 15 years, annual premium of … On death of the policyholder, the death SA is paid immediately. It … Option to receive monthly, quarterly, half-yearly or yearly income payouts. Get life insurance coverage with our Term Plans and safeguard your family’s future. Childsurance® Savings, is designed to give you guaranteed annual payouts and aid the important milestones in your child’s life. Policy Termination or Surrender Benefit: Policyholder is allowed to surrender the policy after 2/3 full years’ premium has been paid. Yes! IDBI Federal Childsurance Savings Protection Plan is a non-linked participating endowment plan that ensures a child’s future. for 1+3, enter 4. 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. More videos of Child, Insurance are available. Solve this simple math problem and enter the result. IDBI Federal Life Insurance Company Limited ensures ultimate life cover with their life insurance plans. Three life cover options to suit individual needs. 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. IDBI Federal Life Insurance is one of the fastest growing Insurance companies in India. 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 Childsurance Savings Protection Insurance Plan. E.g. Option to pay premium just once or for a limited period or throughout the policy term. Definitions “Bonuses” 1. Registered Address: IDBI Federal Life Insurance Co Ltd, 22nd Floor, A Wing, Marathon Futurex, N. M. Joshi Marg, Lower Parel (East),Mumbai 400013, India. Watch Childsurance Savings Protection Plan from IDBI Federal video online on Rediff Videos. IDBI Federal Life Insurance. Nifty 11,452.45 174.45. Essential Running Gear to Train with in Winter Plan News and Updates from the Economictimes.com branches of the branches! The next 10 years Kamala City, P.B age of the respective branches the! 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