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MouthShut Score

20%
1.47 

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IDBI Federal Life Insurance Reviews

Internship Experience
16 days agoRead
I joined IDBI Federal asa summer intern in their life insurance department I was promised for many exposure in financial hr etcKeeping the name of the lady private as I feel its not her fault but the company'sthey promise a minimum salary of 10000 to max of 20000 without any mention of s...Read More

Fake commitment by Branch manager of IDBI federal
Mar 03, 2019 11:33 AMRead (via Mobile)
I have worked for a month in IDBI federal insurance Udupi branch. Bank manager told me he will give me 22k monthly salary. And after 15 days once I completed my IRDA exam he told me to complete 10policy then I will get 60k... 3 policy 20k, 6 policy 40k, 10p 60k. He has fooled many candidate and ...Read More

Please be aware guyzzz..
Jun 24, 2018 10:54 PMRead
Hi good evening everybody. you know I took a policy from IDBI Federal Life insurance company in 2016. one of their manager gave false information to us while taking that policy. He told that we will get the money which we have paid after 3 years even we are defaulting to pay the premium. he conv...Read More

YOUR RATING ON

IDBI Federal Life Insurance
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Low Claim-Settlement ratio.
Aug 16, 2016 07:17 PMRead
Good Evening Everyone. Today I am going to tell you about IDBI Federal Life Insurance Company Limited.If you are looking for a term plan so must read my review on this company. In this the plan name is " IDBI Federal iSurance Online Term Insurance Plan". Lets discuss in an example, if a 30 y...Read More

Horrible..dont never ever take IDBI Federal Life
May 11, 2018 09:12 AMRead (via Mobile)
I have surrended my insurance plan and even after 4 months they are not transfering the surrender value. Every time they are saying some stupid idiotic excuses. So dont invest in this insurance company, you will never get your money back. I have submitted all the required documents.

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Worst Insurance conmpany, Horrible support,
Jan 23, 2018 04:14 PMRead
I have the worst experience with this.I had taken a plan 2 years back because I had to open a locker with the federal bank,in 1 week I came to know that the data entry person had put in a typo error on my email address, instead of s they had put in a 5,and after two years I come to k...Read More

Honest Review
May 24, 2016 12:13 AMRead (via iOS App)
Worst Insurance Company ever. I was Intern in this company and after researching the primary and secondary data, the company doesn't want to fulfilied the customer needs and they behave with their interns very badly.The promotion Strategies of this company is very poor and I was all saying w...Read More

Improving Settlements, Excellent Turnaround Time
Aug 16, 2015 04:47 PMRead
IDBI Federal's claim settlement ratios for the 2012/13/14 have been 67%, 80% and 90% respectively. This is a good, improving trend.Insurers typically artificially raise their settlement ratio(in terms of number of policies) by rejecting proportionally more high value policies. This is detect...Read More

Ridiculous and Hopeless service
Jul 28, 2015 02:53 PMRead
One hopeless and ridiculous service. I recommend every one in this planet not to use IDBI Federal products. If the CEO of this bank is reading this by anychance. Please be informed your customer care system is a nightmare and I have no words to describe how hopeless your management is.I have...Read More

IDBI Federal is a Pathetic Insurance Company
Mar 20, 2014 12:46 PMRead
IDBI is so pathetic both at service level and sales level. It has sales guys, who are experts in misleading customers just for sales and their incentives.I purchased a policy worth INR 53000/year premium and I was supposed to get my funds more than double within a 5 year terms with a sum ass...Read More

IDBI Federal is full of cheater staff
Nov 05, 2013 05:53 PMRead
I had visited the IDBI bank for FD( for Income tax benefit reason), but the representative got success to trap me for making me agree for insurance policy rather than FD, I said that I can't pay premium on regular basis therefore I am going for FD, he convened me by saying that even DF can't be ...Read More

IDBI Bank are Cheaters, Dacoits, Thugs, Swindlers
Mar 30, 2013 03:23 AMRead
We went to the IDBI bank to open two NRI accounts in the name of father and daughter who was two and a half years old to save money for her for her future education and marriage. They asked for different documents for 3 days and finally when we were going to walk out of the bank they made us sig...Read More

Bad experience with policy and staff
Dec 03, 2012 05:37 PMRead
I had gone to IDBI bank to renew my FD in 2009. The IDBI employee, very sweetly, suggested me to take this IDBI Fortis Policy instead. (IDBI Fortis Policy has now become IDBI Federal). She told me I will have to pay premiums for next three years and not touch my money. After that there is a good...Read More

Good services and staff attitude
Nov 30, 2017 08:58 PMRead
Hello dear friends as a user of idbi federal life insurance company services I am very happy while sharing my personal experience. actually I bought a life insurance policy last year and I pay premium every month. I am very much impressed with their online insurance policy. I can pay premium onl...Read More

IDBI Federal Life Insurance
Feb 22, 2017 09:28 PMRead (via Android App)
Hello friends,I want to share my opinion about the services provided by IDBI bank for the insurance of life.Customer services of this insurance company is good , atlest paying a little attention to there customers.Range of plans provided by this insurance company is less in numbers b...Read More

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