IDBI Federal Bondsurance Plan

Recommendations :No

Name of the policy :
IDBi Federal Bondsurance Plan

A brief desciption :

Coming from IDBI Federal Life Insurance, Bondsurance Plan is a traditional endowment plan catering to your savings and protection needs. However at the current peak of interest rates post tax returns of term deposits from Banks are close to 9.25% which is definitely more lucrative than Bondsurance. As far as insurance needs are concerned, the plan suits those able and willing to pay higher sums as single premium.

Started date :5/11/2008
Type of policy :Insurance cum investment
Category :Traditional-Endowment Plan
Insurance :Min- 1 lakh Max- No limit
Returns expected :Less than Fixed Deposit
Entry age :8/13 -50/55 Years ( Depending upon the term chosen)
Surrender :Guaranteed Surrender Value= 80% of single premium amount
Minimum amount :Min- 20,000 Max- No limit

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