Insurance

IDBI Fortis Life Insurance Company Ltd.

IDBI Fortis Life Insurance Company Ltd.

IDBI Fortis Life Insurance Co. Ltd. was started as a joint venture between three financial organizations of india. The firms include IDBI bank, Federal Bank, and Fortis. In the joint venture, IDBI Bank owns 48 per cent equity while Federal Bank and Fortis own 26 per cent equity each.

Headquartered in Mumbai, IDBI Fortis Life Insurance started its operation in March 2008 in India. The company offers health insurance and home insurance plans.

Term -> Home Assurance

Eligibility Description
Minimum Sum Assured 100000
Maximum Sum Assured 20000000
Minimum Entry Age 18
Maximum Entry Age 60
Maximum Maturity Age 70
Payment Frequency Monthly,Quarterly,Half Yearly,Yearly,Single

Feature Description
Coverage Security for entire outstanding home loan, covers terminal illness.
Exclusions "No benefits will be paid if the Insured Person, whether sane or insane, commits suicide within 12 months from the date of commencement of this policy. The Terminal Illness Benefit will not be paid for any claim resulting from the Insured Person, whether sane or insane, attempting suicide or intentionally inflicting self injury."
Pre Mandatory Medical Data Not Available
Cost Health Checkup Data Not Available
Number of Riders Covered 5
Riders Data Not Available
Surrender Value Regular premium policy has no surrender value. For single premium surrender value is provided on a reducing basis as a percentage of initial single premium. For exact details of surrender value please refer policy document.
Cancellation Clause Data Not Available

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