IDBI Federal Life Insurance has launched four new individual products catering to various life-stage needs of the customers. The company has also launched three new group solutions.
Vighnesh Shahane, CEO, IDBI Federal Life Insurance, said, “The latest offerings from the company focus on the consumer needs of financial security, savings and growth of investments. At IDBI Federal, the new product guidelines were viewed as an opportunity to revamp the entire product portfolio and align it to the changing needs of the consumers. The new range of products offers customers a mix of savings, growth of investments and financial protection. We have also built guarantees into all our traditional products to go in line with the customer need for assured returns.”
Aneesh Khanna, Head-eBusiness, Marketing & Product Management, IDBI Federal Life Insurance, said, “The new product portfolio offers customers a variety of options to choose from and create a plan best suited to them. We have policy terms ranging from 10 to 25 years and premium payment terms from 5 to 25 years. Customers also have the flexibility to choose the sum assured and/or premiums and the premium payment mode. In short, customers can actually tailor-make a plan for themselves."