Private life insurer IDBI Federal Insurance has announced its foray into retirement income segment.
It has launched a single premium, non-participating, non-linked general annuity plan -- IDBI Federal Life Insurance Guaranteed Lifetime Income Plan, that would offer guaranteed regular income for life to help manage expenses during the retirement phase of life.
The guaranteed income, akin to drawing a salary, could be drawn with pre-determined periodicity - monthly, quarterly, half-yearly or on an annual basis.
*
*
*
*
* Capri Global Capital launches SME lending product for women
*
*
*
*
* VFS Global, Embassy of Vietnam in India launch eVoA solution
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app