IDBI Federal Incomesurance Endowment and Money Back Plan

Recommendations :No

Name of the policy :
IDBI Federal Incomesurance Endowment and Money Back Plan

A brief desciption :

IDBI Federal Incomesurance Endowment and Money Back Plan is a plan that gives you an option to choose between endowment and money back plan. It provides insurance cover as well as guaranteed cash backs at periodic intervals. As far as the periodic cash backs are concerned, investors can probably earn better returns by periodically investing in bank fixed deposits for a five-year time period. To ensure an appropriate life cover for the dependants, invest in a suitable term-plan instead.

Started date :3/11/2009
Type of policy :Insurance cum investment
Category :Traditional-Endowment Money Back Plan
Returns expected :Less than Fixed Deposit
Entry age :10-65 Years
Surrender :Guaranteed Surrender Value= 30% of all premiums paid - 1st year's premium
Minimum amount :Min- 10,000 Max- No limit

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Table of Contents

Table of Contents