IDBI Federal Life Insurance launched a non-linked, participating, savings plan called IDBI Federal Life Insurance Young Star Plus Plan. The plan helps policyholders financially secure and support their children’s future. The policyholder has the flexibility to choose the premium payment term, depending on the policy term selected.
The plan boosts the corpus with guaranteed additions and bonus contributions. The guaranteed additions are payable up to 40 per cent of the maturity sum assured, through the policy term. The plan provides guaranteed payouts, according to chosen time frames, to help the policyholder fund the crucial milestones of his/her child’s life, such as education and marriage.
