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This is an archive article published on September 7, 2010

IDBI Federal launches Wealthsurance Milestone Plan

IDBI Federal Life Insurance,said that it has launched its new ULIP called IDBI Federal Wealthsurance Milestone Plan.

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IDBI Federal Life Insurance,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.

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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.

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