So now, you have retired! Does it feel like the end of the road or a new beginning? Whatever be your perspective on life, do not let financial constraints mar your leisure years. Get smart with IDBI Federal Pension Plans! These plans are effective instruments that help you to get desirable objectives. The extreme flexibility of the pension plans offers different choices and you can choose in accordance with your saving habits.*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
IDBI Federal Retiresurance Pension Plans
IDBI Federal Retiresurance Pension Plan not only gives you fantastic saving scheme for post retirement but also lets you multiply and grow your wealth with myriad tailor-made investment options. The range of entry age is between 18-70 years and the minimum and the maximum policy term are 5 and 75 years respectively. There are numerous benefits associated with this plan. First is the death benefit. In the event of the death of the policyholder, the nominee can opt for fund value held in different funds. Option for a one-time payment or regular premiums is available. For a one time payment, the minimum amount is INR 25,000 with no upper limits.
Then there are loyalty additions that boost retirement savings and benefits for partial withdrawal along with vesting and surrender benefits. Tax deductions are available for this plan under Section 80CCC.
IDBI Federal Unit-linked Pension Plans
IDBI Federal Unit-linked Pension Plans facilitates wealth building through choice of various investment options. This is a plan involves payment of a single premium and on maturity, get a part of the total amounts as a lump sum and remaining as an annuity investment for regular income post retirement. As an alternative customer can purchase an annuity with the entire maturity benefit of getting payments on a regular basis throughout the rest of their lives.
Save substantially for your golden years and live a happy, carefree retirement life with IDBI Federal Pension Plans.
For payment through online, policyholder must visit e-portal of company.
and provide the relevant policy information to enter the site and check the current status of your policy.
You can track you application from the above link in case you have recently applied.
The process is simple. Fill the suitable claims form and submit the medical bills and reports and other documents as requested by the company to the nearest branch. The claim amount will be directly deposited in your bank account.
You can also check National Pension Scheme Benefits