New Delhi, Oct. 20 -- IDBI Federal Life Insurance on Tuesday introduced a non-linked, non-participating life insurance plan - IDBI Federal Life Insurance Guaranteed Income Plan. The plan offers a combination of life insurance and guaranteed returns as a lumpsum or as annual income, depending on the option chosen.

Customers will have an option to choose the premium payment term and policy term based on their needs and goals. The premium starts from Rs.15,000 per annum.

"In the prevailing uncertain scenario, with a large section of individuals experiencing financial worries and stress, it is necessary to safeguard one's investment portfolio with a financial solution that offers guaranteed pay outs," Karthik Raman, CMO & Head - Products, I...