IDBI launches ULIP, mortgage reducing term planIDBI Fortis Life Insurance Company Pvt. Ltd. has come with two new products, a unit-linked insurance product (ULIP) and a mortgage reducing term plan.
Apnainsurance.com Research Bureau
16 Sep 2008
IDBI Fortis Life Insurance Company Pvt. Ltd. has come with two new products, aUnit Linked Insurance Product (ULIP) and the second one is the mortgage reducing term plan.
'Wealthsurance' is a ULIP with health riders attached to it. The product has two aspects to it i.e. that of wealth building and insurance protection. The 'Wealthsurance' investment account holds all the investments made by the client and insurance protection account holds all the insurance benefits.
'Homesurance' plan is a mortgage reducing term plan which protects the policy-holder and his family from a liability which arise from home loans.