Mumbai, June 13, 2018: India’s leading private life insurance company, IDBI Federal Life Insurance today announced the launch of its ‘Dream Builder Plan’, a non-linked, non-participating life insurance plan. The policy will ensure Guaranteed Annual Payouts which are a deﬁned percentage of the Maturity Sum Assured and which will be paid out in the last 3 years of the policy.
Commenting on the launch, Mr. Karthik Raman, CMO and Head – Products and Strategy, IDBI Federal Life Insurance said, “Our products are designed in a way that will offer maximum benefit to our customer’s evolving lifestyle needs. Bearing in mind our customer’s responsibilities to fulﬁl their family’s various needs and at the same time not compromise on their dreams, we have designed a comprehensive ﬁnancial solution – the ‘Dream Builder Plan’. The guaranteed cash ﬂow can meet ﬁxed expenses like child’s education, marriage, or for that matter, a family vacation.”
How the Plan Works?
The insured person can choose the amount that he wants to receive as Maturity Sum Assured (MSA) and the policy term. He pays annual premium for the first 8 years of the policy. Post that, the insured person stays invested in the plan and will start receiving Guaranteed Annual Payouts, which is a percentage of MSA, in the last 3 years of the policy.
Key Benefits of the Plan –
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