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IDBI Federal Termsurance Group Life Insurance Plan and Policy

IDBI Federal Termsurance Group Life Insurance Plan and Policy - Termsurance Life Protection Insurance Plan, offered by IDBI Federal, is a non-linked, non-participating term insurance plan, which offers several benefits such as return on premium upon maturity, different premium payment options (regular and single), high sum assured discounts and discounts on premium for women among others. You can customise your plan based on your specific financial requirements.

Eligibility - IDBI Federal Termsurance Group Life Insurance Plan and Policy

  1. Age at Entry
    1. Minimum: 18 years
    2. Maximum: 60 years
  2. Age at Maturity
    1. Minimum: 28 years
    2. Maximum: 70 years

Features - IDBI Federal Termsurance Group Life Insurance Plan and Policy

The salient features of this IDBI Federal term insurance plan are listed below:

  1. Policy Term
    1. Minimum: 10 years
    2. Maximum: 30 years
  2. Premium Payment Terms: Regular and Singular
  3. Plan Options
    1. Pure Protection: This option offers large cover at a low cost. No maturity benefits are offered under this option. In the event of your death, your family receives death benefit.
    2. Return of premium upon maturity: If you survive the policy term, you will receive all the premiums (excluding service tax and extra premiums) paid. In case your death within the policy term, your nominee will receive the death benefit
  4. Premium Payment Frequency: Annual, Single, Quarterly, Half-yearly, Monthly
  5. Sum Assured/Life Cover
    1. Minimum: Rs.5 lakh
    2. Maximum: No limit (subject to underwriting requirements)

Benefits - IDBI Federal Termsurance Group Life Insurance Plan and Policy

The following are the main benefits of the plan

  1. Death Benefit: The following table shows the death benefit offered under the single premium option (before maturity)
      Age of policyholder under 45 years   45 years and above
    Single premium Highest of the following:
    • sum assured chosen
    • 125% of premium (single)
    • minimum sum assured upon maturity
    Highest of the following:
    • Sum assured chosen
    • 110% of premium (single)
    • minimum sum assured upon maturity

    The following table shows the death benefit offered under the regular premium option

      Age of policyholder under 45 years   45 years and above
    Regular premium Highest of the following:
    • sum assured chosen
    • 105% of premiums paid
    • 10X annualised premium
    • Minimum sum assured upon maturity
    Highest of the following:
    • Sum assured chosen
    • 7X annualised premium
    • 105% of premiums paid
    • Minimum sum assured upon maturity

    In case of your death before maturity, while the policy is paid up, your nominee will receive the reduced sum assured.

  2. Discounts for women: Women can avail of premium discounts under this plan
  3. Discounts for high Sum Assured: If the Sum Assured is above Rs.10 lakh or above, you can avail of a discount
  4. Tax Benefits: You can avail of tax benefits under Section 80C and Section 10 (10D) of the Income Tax Act, 1961.

IDBI Federal Group Life Insurance Plans and Policy

IDBI Federal Child Plans
IDBI Federal Childsurance Saving Protection
IDBI Federal Wealthsurance Fuuture Star
IDBI Federal ULIP Plans
IDBI Federal Childsurance Saving
IDBI Federal Wealthsurance Growth
IDBI Federal Wealthsurance Future Star
IDBI Federal Wealthsurance Growth Insurance Plan SP
IDBI Federal Savings Plans
IDBI Federal Wealth Gain
IDBI Federal Lifesurance
IDBI Federal POS Guaranteed
IDBI Federal POS Guaranteed Income
IDBI Federal Incomesurance Guaranteed Money Back
IDBI Federal Incomesurance Guaranteed Money Back Insurance Plan 7 Pay
IDBI Federal Wealthsurance Growth
IDBI Federal Wealtgsurance Growth Insurance Plan SP
IDBI Federal Incomesurance Guaranteed Money Back Insurance Plan 6 Pay
IDBI Federal Secured Income
IDBI Federal Guaranteed Wealth

IDBI Federal Retirement Plans
IDBI Federal Wealth Gain
IDBI Federal Lifesurance Savings
IDBI Federal Wealthsurance Growth
IDBI Federal Wealthsurance Growth Insurance Plan SP
IDBI Federal Retirement Plans
IDBI Federal Group Plans
IDBI Federal Loansurance Grouo Insurance Plan SP
IDBI Federal Retiresurance
IDBI Federal Termsurance
IDBI Federal Group Employee Benefit
IDBI Federal Group Loan Secure
IDBI Federal Group Microsurance
IDBI Federal Termsurance Group Protection
IDBI Federal Loansurance Group