IDBI Federal Bondsurance

Recommendations :No

Name of the policy :
IDBI Federal Bondsurance

A brief desciption :

IDBI Federal Bondsurance is a traditional insurance cum investment plan that provides guaranteed returns at maturity. It is a single premium policy providng a sum assured of 5 times the premium paid. However at the current peak of interest rates the post tax returns of term deposits are more lucrative than this policy. Moreover higher cover can be obtained by paying lesser premium in a simple term insurance plan so it is strongly advisable to stay away from such plans.

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 :8-50 Years
Surrender :Guaranteed Surrender Value= 80% of your single premium amount
Minimum amount :Min- 20,000 Max-No limit

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