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IDBI Federal Wealth Gain Retirement Plan and Policy

IDBI Federal Wealth Gain Retirement Plan and Policy -

Get waiver of premium on disability

In case of total and permanent disability of the life assured during the premium paying term provided the policy is in force, future premiums will be paid by the company on their respective due dates. Further, the life cover continues till end of policy term and guaranteed loyalty additions will continue to be added as scheduled.

Provides flexibility to manage investments

You stay in complete control of your investments with the flexibility to align them as per your needs and priorities; and also re-align them if and when you wish to do so. You have a choice of eight investment fund offerings that allow you to invest your money, switch between funds any number of times free of charge as per your risk-return appetite.

Receive guaranteed loyalty additions

Get rewarded for staying invested in the long term with guaranteed loyalty additions at the end of the 10th policy year and every 5 years thereafter. This is 1% of the average fund value in your investment account, in the last 36 months preceding the guaranteed loyalty addition date.

Maturity benefit - IDBI Federal Wealth Gain Retirement Plan and Policy

 

Maturity benefit is equal to the fund value including total guaranteed loyalty additions in your investment account on the date of maturity provided the policy is in force. Once the maturity benefit is paid out, the plan terminates.

Death Benefit - IDBI Federal Wealth Gain Retirement Plan and Policy

 

In case of death of insured person during the policy term provided the policy is in force, the Death Benefit will be paid to the beneficiary. Death Benefit payable shall be higher of Death Sum Assured, Fund Value or 105% of the Total Premiums Paid. On payment of Death Benefit, the policy will terminate and all rights, benefits and interests under the policy will stand extinguished.

Tax benefits - IDBI Federal Wealth Gain Retirement Plan and Policy

The policy offers tax benefits as applicable under section 80 C and 10(10D) as per provisions of the Income Tax Act, 1961. Tax benefits are subject to change in tax laws. You are advised to consult your tax advisor for details.

*Linked Insurance Products do not offer any liquidity during the first five years of the Plan. The Policyholder will not be able to surrender/withdraw the monies invested in linked insurance products completely or partially till the end of the fifth year.

Eligibility - IDBI Federal Wealth Gain Retirement Plan and Policy

 5 Years (Min)|60 years(Max)
 18 years (Min)|74 years(Max)
 
Fixed/Yearly and Monthly
 
Fixed/For ages below 50 years : 5 / 10 / 15/ 20 years 
For age 50 years and above : 10 / 15/ 20 years

The IDBI FederalWealth Gain Insurance Plan (UIN: 135L047V01) is a unit-linked insurance plan.

IDBI Federal Retirement 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