IDBI Federal's new plan

IDBI Federal's new plan

IDBI Federal Life Insurance has announced a new term insurance plan for senior citizens which does not need any medical test, aimed at providing guaranteed cover to those above the age of 50 years. One can buy this policy after the age of 50, with premiums as low as Rs 100 per month. The plan can be bought by those up to the age of 85 years and comes with a no-questions-asked, no-medical-tests guaranteed acceptance and offers a life insurance cover for whole of life. In case of death after 2 years, sum insured will be paid to the beneficiary.

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