IDBI Federal Bondsurance Advantage Plan

Recommendations :No

Name of the policy :
IDBI Federal Bondsurance Advantage Plan

A brief desciption :

Coming from IDBI Federal Life Insurance, Bondsurance Advantage is a traditional endowment plan catering to your savings and protection needs. It provides three options for insurance cover and also provides guaranteed maturity benefit. However just like other endowment plans lack of transperency and clarity, and loads of charges makes the plan worthless.

Started date :5/11/2008
Type of policy :Insurance cum investment
Category :Traditional-Endowment Plan
Insurance :A) 5 times the single premium amount B) 5 times the single premium amount in year 1 and maturity benefit thereafter C) 1.1 times single premium amount
Returns expected :Less than Fixed Deposit
Entry age :30 days- 60 minus policy term
Minimum amount :Min- 20,000 Max- No limit

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