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IDBI Federal launches a plan with double life cover

Posted on Jul 14, 02:46PM | UNI

Mumbai, Jul 13 : IDBI Federal Life Insurance has announced the launch of IDBI Federal Lifesurance Suvidha Savings Insurance Plan, Suvidha.

Lifesurance Suvidha Savings Insurance Plan is a participating endowment plan, which simplifies the process of saving for the long term, with a 3-step process of 'Select, Sign and Submit'.

The simplicity of the plan reduces time taken to acquire a life insurance cover, and ensures double protection along with savings.

Announcing the launch of the plan, G V Nageswara Rao, MD and CEO of IDBI Federal Life Insurance said in a release, "Lifesurance Suvidha Savings is a simple and affordable life insurance product that offers a hassle-free issuance process, with no medical tests." The plan is designed to help customers start their long term savings to meet their responsibilities in life.