Chennai: IDBI Federal Life Insurance has announced the launch of its guaranteed income plan, a non-linked, non-participating life insurance plan.
According to a press release, it provides a combination of life insurance and guaranteed returns and offers a choice of Income and Endowment options, basis an individualās financial needs and life goals.
“The prevailing uncertain scenario and unpredictable market conditions has created a need for securing oneās hard-earned savings through a guaranteed pay-out solution, laced with protection cover. IDBI Federal Lifeās Guaranteed Income Plan offers an assured guarantee to meet unpredictable future requirements. The new plan is a comprehensive solution offering both life protection and guaranteed returns ā as a lumpsum or as annual income, depending on the option chosen,” it added.