IDBI Federal Life insurance Company Limited has launched wealth-building plan – IDBI Federal Wealthsurance Premier Insurance Plan. The new plan single premium ULIP, with a wide array of investment funds and protection benefits bundled in a low charge structure aimed to deliver one of the best-in-class returns in this category.
IDBI Federal Wealthsurance® Premier Insurance Plan is a single premium ULIP designed keeping in mind specific requirements of the HNI class. Wealthsurance® Premier can insure HNI’s wealth plan against death, 13 accidental injuries, 17 major diseases, and serious illnesses requiring hospitalization or disablement. With a minimum investment option of Rs 5 lakh and top-ups at Rs 10,000, the plan has low and level charges. There is no policy administration and allocation charges for premiums above Rs 25 lakh. The minimum policy term is for 5 years and maximum of 75 years less the age of entry.