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How Does IDBI Federal Term Plan with Return of Premium Work?

IDBI Federal's term plan with a return of premium is the same as a standard term plan. It works as a life cover and provides a death benefit to the beneficiaries of the policy. Policyholders can benefit from a term plan with a return of premium by paying an additional premium. ..Read More


  • If a 30-year-old person purchased the term insurance policy with a return of premium of Rs. 1 crore for 25 years
  • If he dies in the policy period itself, his family will get 1 crore
  • If he survived the policy period then he will get the return of the premium amount from the insurer.
Is IDBI Federal Life Insurance Good?

Yes, IDBI Federal Life Insurance is good. The IDBI Federal Life Insurance Company provides the best life insurance policy at reasonable premiums. The Company offers life insurance cover and an excellent claim settlement ratio to secure your family and it will help to protect your loved ones even after death. The claim process is extremely hassle-free and quick. It provides a wide range of individual and group life insurance products to their customer and critical illness cover, add-ons, and tax benefits, etc.

Is IDBI Federal Term Insurance Good?

Yes, Buying IDBI Federal Term Insurance Policy is good. In most of the term insurance policies, claims are paid to the nominee in case of death of the policyholder whereas IDBI Federal term insurance policies provide maturity benefit to the insured customers in case of survival till the end of the policy period. It also provides High protection at low premiums, Add-ons, and Financial Security. Low premium and attractively large cover, Financial dependents are protected, Ensure your assets, Riders/add-ons.

Can I Cancel IDBI Federal Life Insurance Policy?

Yes, you can cancel IDBI Federal Life Insurance. It will depend on the type of policy holding. You can either surrender your policy or stop paying the premiums at any time, and no need to pay a cancellation fee to the insurance company.

How Can I Cancel My IDBI Federal Life Insurance Policy?

You can cancel your IDBI Federal Life Insurance Policy. In case you have purchased an insurance policy and are not satisfied with the benefits it is offering to you, you can surely cancel the product. You must cancel your plan during the cooling period so that you can get a refund of the premiums paid by you.

  • Firstly contact the provider, inform the cancelation of policy and they will provide alternate options & solutions.
  • Even after that, you want to cancel the policy, download the form from the office fill in the details and submit it.
  • No refunds will be made if the policy is canceled outside of the cooling-off period.
How Can I Check My IDBI Federal Life Insurance Policy Status Online?

The status of the life insurance policy can be checked easily through online platforms. To check IDBI Federal life insurance policy status visit the official website and enter the required details such as policy number, date of birth, name, etc. Then you can check your life insurance policy status or if you are an existing customer of PolicyBachat then you can call our customer care number to enquire about the life insurance policy status.

Related Question

  • Is IDBI Federal Insurance Good

Ageas (IDBI) Federal Life Insurance Price List in India 2023

Life coverage till 99 years of age. Hassle-free Renewal, Premium Payment, and Claims Process. Ageas Federal Life Insurance Plans List. Ageas Federal Life

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