IDBI Federal Life Insurance has recently unveiled IDBI Federal Life Insurance Young Star Plus Plan, a non-linked, participating, savings plan. It is a comprehensive life insurance plan that helps policyholders align their savings towards financially securing and supporting their children’s future, the insurer said. "Furthermore, the plan provides guaranteed payouts, according to chosen timeframes, to help the policyholder fund the crucial milestones of his/her child’s life, be it education, career or marriage," the insurance company said. Commenting on the launch of the IDBI Federal Life Insurance Young Star Plus Plan, Karthik Raman, CMO & Head - Products, IDBI Federal Life Insurance said, “Given the unprecedented economic uncertainty, we have observed that parents are keen to opt for an investment avenue which offers flexibility as well as assured funds to help fulfil their children’s life stage goals. Our newly launched IDBI Federal Life Insurance Young Star Plus Plan is an apt solution designed to address this need."

Source: Mint November 17, 2020 10:41 UTC