IDBI Federal Life Insurance Company said it has launched “Suvidha Savings Insurance Plan,” with a maximum life cover of Rs 3 lakhs.
The company said the scheme does not require any medical tests. Besides, the company will also add Rs 50 for every Rs 1000 of sum insured for the first 3 policy years.
“This hassle-free plan is designed to provide a life cover of up to Rs. 3 lakhs till the age of 65 years with guaranteed additions, plus bonuses plan also insures customers against accidental death during the policy term,” Mr. Aneesh Khanna, Head Marketing and Product Management, IDBI Federal Life Insurance said in a statement.