New Delhi: Private insurer IDBI Federal Life Insurance launched a unit-linked insurance plan designed to attract High-Networth Individuals. The new offering, IDBI Federal Wealthsurance Premier, can insure High-Networth Individuals (HNIs) against death, 13 accidental injuries, 17 major diseases and serious illnesses requiring hospitalisation or disablement which prevents from engaging in an income-earning activity. "We have customised the product to suit the HNIs by making it a single premium plan that allows one to build wealth for the long term in tranches, with the flexibility of 13 varied investment fund options", IDBI Federal Life Insurance MD & CEO G V Nageswara Rao said at the launch function. With a minimum investment option of Rs 5 lakh and top-ups at Rs 10,000, the plan has low and level charges. There is no policy administration and allocation charges for premiums above Rs 25 lakh. The minimum policy term is for five years and maximum of 75 years less the age of entry, a release said. IDBI Federal Life Insurance is a joint-venture involving IDBI Bank, Federal Bank, and Ageas, a multinational insurance giant-based out of Europe.