IDBI Federal Life Insurance launches plan for high-networth individuals

MUMBAI: IDBI Federal Life Insurance has introduced a unit-linked insurance plan to lure high-networth individuals. This plan 'IDBI Federal Wealthsurance Premier' has the capability to insure High-Networth Individuals (HNIs) against death, 13-accidental injuries, 17-major diseases and also serious illnesses requiring hospitalisation or disablement.

G V Nageswara Rao, MD and CEO, IDBI Federal Life Insurance, said, “We have customised the product to suit the HNIs by making it a single premium plan that allows one to build wealth for the long term in tranches, with the flexibility of 13 varied investment fund options.”

This plan also have low and level charges, it comes with a minimum investment option of Rs 5 lakh and top-ups at Rs 10,000.