Mumbai: IDBI Federal Life Insurance, on Tuesday said that it has launched its new Ulip called IDBI Federal Wealthsurance Milestone Plan.
The plan offers a wide range of investment options, insurance options and flexibility that allows customers to customise a plan suited to their needs, a press release issued here stated.
Customers can plan for their milestones like completion of school education by a child, a marriage, acquisition of a new house and so on, it said.
The plan comes with a wide range of 13 investment options and seven insurance benefits—all packaged with a low charge structure and unmatched flexibility.
The company’s managing director & CEO, G V Nageswara Rao, said that “everyone wants to create wealth, but wealth creation does not happen by chance or accident. It needs a plan. Wealthsurance Milestone Plan offers such a plan which is very flexible and can be customised to an individual’s needs.”
IDBI Federal Life Insurance is a joint venture of IDBI Bank, Federal Bank and Ageas, a multinational insurance giant based out of Europe.