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IDBI Federal iSurance Online Term Life Insurance Plan and Policy

IDBI Federal iSurance Online Term Life Insurance Plan and Policy - IDBI offers the Termsurance Sampoorn Suraksha Micro-insurance plan, a pure term insurance plan that provides life insurance cover to the policyholder by paying a lump sum benefit to the family in case of the life insured’s unfortunate death.

Eligibility Criteria - IDBI Federal iSurance Online Term Life Insurance Plan and Polic

In order to be eligible to avail the Termsurance Sampoorn Suraksha Micro-insurance plan, the policyholder should fulfill the following criteria

  • Minimum age at entry - 18 years (as on the last birthday)
  • Maximum age at entry - 55 years (as on the last birthday) (subject to maximum maturity age)
  • Minimum age attained at maturity - 23 years
  • Maximum age attained at maturity - 60 years

Features - IDBI Federal iSurance Online Term Life Insurance Plan and Polic

The tabular form below contains some attractive features of the Termsurance Sampoorn Suraksha offered by IDBI:

Sum Assured
Minimum - Rs. 5,000 Maximum - Rs 50,000
Premiums
Minimum - Minimum Rs 100 for Regular Premium (in multiples of Rs. 100 thereof) - Rs. 400 for Single Premium (in multiples of Rs. 400 thereof) Maximum - Rs 5,200
Policy Term
Fixed term of 5 years and 10 years
Premium payment frequency
Single premium Regular premium
Premium Payment Mode
Annual mode only (for regular premium option)

Benefits - IDBI Federal iSurance Online Term Life Insurance Plan and Polic

Sampoorn Suraksha comes with a range of benefits that give you the best IDBI Federal Term insurance plan to protect your family. Some of the advantages are mentioned below:

  • Financial security at a nominal cost
  • Choice of single or regular premium
  • Flexibility to choose 5 or 10 years policy term
  • Hassle free documentation with no medical check up
  • In case of death of the policyholder during the policy term, the highest death benefit is paid to the nominee. This may include 10 times of annualized premium (7 times for ages more than 45) or 105% of all premiums paid as on date of death or Sum assured.
  • In case of an accidental death, an amount equal to sum assured will be additionally paid to the nominee.

Scenario Illustration - IDBI Federal iSurance Online Term Life Insurance Plan and Polic

Mr. Anil is 35 years old. He buys the Termsurance Sampoorn Suraksha Micro-insurance for a period of 10 years for Rs 10 lakhs. He pays a premium of Rs 15,052. In case of his accidental death, the entire sum assured along with the additional death benefit will be paid to his beneficiary.

IDBI Federal Term Life Insurance Plans and Policy

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