Thursday, May 19, 2011

IDBI Federal launches a new ULIP Plan

IDBI Federal launches a new ULIP Plan

IDBI Federal Life Insurance has launched the IDBI Federal Retiresurance Milestone Pension Plan. You think the name is too long and complicated, wait till you see all the options and choices given to the buyer.

This plan offers two investment options. Guaranteed Return Funds – Pension and the Guaranteed Growth Funds – Pension. The return fund is more of a minimum return, safety first deal. Whereas in growth funds a small portion is invested in equity thus improving returns with an increased risk.

The idea here of introducing such products in the market is based on certain factors. A significant portion of the Indian population is young. It is a consumerist demographic with little savings but with a high investment percentage.

With the traditional options of Provident Funds long gone, alternatives are needed. The youth no longer believes in improving their bank balance through their savings account. They want to make investments, make money sitting at home and retire early.

If you have doubts or queries regarding all these new products in the market or are looking to buy Insurance or make investment, you should try us. Give us a call and we will help you find the best deal in the market.

Products like the IDBI Federal Retireinsurance Milestone Pension Plan and Retireinsurance Guaranteed Pension Plan which was launched recently, increase investment options for those with spare cash.

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