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.
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