IDBI Federal Life Insurance has launched a non-linked, non-participating life insurance plan titled IDBI Federal Life Insurance Guaranteed Income Plan. The plan provides a combination of life insurance and guaranteed returns and offers a choice of Income and Endowment options, basis an individual’s financial needs and life goals. The prevailing uncertain scenario and unpredictable market conditions has created a need for securing one’s hard-earned savings through a guaranteed pay-out solution, laced with a protection cover. IDBI Federal Life’s Guaranteed Income Plan offers an assured guarantee to meet unpredictable future requirements. The new plan is a comprehensive solution offering both life protection and guaranteed returns – as a lumpsum or as annual income, depending on the option chosen. In the event of the unfortunate death of the insured person during the term of the policy, the plan provides a death benefit to one’s nominees.
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