IDBI Federal Life Insurance has launched Retiresurance® Guaranteed Pension Plan

IDBI Federal Life Insurance has launched Retiresurance® Guaranteed Pension Plan. IDBI Federal Retiresurance® is a unique retirement plan which comes with the twin benefits of guaranteed accumulation with attractive annuities.
IDBI Federal Retiresurance® Guaranteed Pension Plan is a non participating traditional deferred pension plan designed to help customers secure their lifestyle post-retirement, Guaranteed.
Retiresurance is a unique product that not only helps accumulate money for a comfortable retirement but also guarantees a steady growth of investment. For every premium paid, the plan guarantees a return that helps build a corpus. Ensuring transparency, returns to this corpus are linked to the prevailing G-Sec rate and this allows the customer to know the exact maturity for every premium paid. Each installment premium paid has a guaranteed maturity value which is payable on the vesting date.The premium payments for the accumulation phase can be 10, 15, 20 or even 25 years. At the end of the policy, the plan also guarantees a further loyalty addition.
Retiresurance also comes with a death benefit to ensure that the policy holder’s nominee gets money which could be the higher of either the premiums paid along with a 5% compounded interest or the special surrender value.