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IDBI Federal Childsurance Savings Protection Insurance Plan

Being a good parent means making sure your child's future stays secure. The cost of education has shot up significantly and is expected to rise further. Add to that the cost of your child's marriage. It is therefore important for you to stay prepared. Plan early to help your child's dreams come true tomorrow and support her at every important milestone of life. 

  • Guaranteed annual payouts for important milestones in the last 3 or 5 years of the policy, depending on the policy term.
  • Bonuses to add to your savings
  • In case of your unfortunate death
  • Immediate lump sum payout
  • Future premiums waived off
  • Plan continues and benefits are paid as planned
  • Two tax benefits, one on the premiums you pay and the other on the maturity amount you receive.
  • Flexibility to plan for your needs - Choose the maturity sum assured, policy term, premium payment term, and payment mode as per your needs.
  • Exclusive fund for your loved ones - Under Married Women's Property Act, 1874, legally protected from creditors and claimants.
  • Loan facility will be 85% of surrender value available under the policy subject to a minimum of Rs 5000.

For more information on plan benefits, please refer to the product brochure.

 

 

IRDA Reference number- 12286/CILW/ENG/WLP/OCTOBER14/V1.

Age at entry - Insured person (Parent)

Minimum

18 years

Maximum

Regular payment option: 40 years
Limited payment option: 50 years

Age at entry - Nominee (Child)

Greater than one month and less than 18 years of age

Maturity age (Insured person)

Minimum

28 years

Maximum

Regular payment option: 65 years
Limited payment option: 75 years

Policy term

Minimum

10 years

Maximum

25 years

Premium payment term

 

Regular payment option: Equal to policy term
Limited payment option: 5 years less than the policy term

Premium payment frequency

 

Yearly, and monthly by ECS with standing instructions or direct debit only

Premium
(exclusive of service tax and education cess)

Minimum

Yearly: Rs.10,000, Monthly: Rs.1,000

(Loading factor of 0.09 is applicable for monthly premium payment frequency)

Maximum

No limit (subject to underwriting)

Maturity Sum Assured

Minimum

Subject to above minimum premium

Maximum

No limit, subject to underwriting

 

Brochure - Click here to download

 

Disclaimer:

Insurance is the subject matter of solicitation. For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale. Tax Benefits are as per the Income Tax Act, 1961 and are subject to changes in the tax laws from time to time. Bonuses are linked to the profits of the participating life fund and depend on the future experience and performance of the fund. IDBI Federal Childsurance Savings Protection Insurance Plan is a non-linked participating endowment plan. Product UIN: 135N032V01. The product is underwritten by IDBI Federal Life Insurance Company Limited (IRDA Regn. No 135; Corporate Identity Number (CIN) – U66010MH2007PLC167164) having its registered office at: IDBI Federal Life Insurance Company Limited, 1st Floor, Trade View, Oasis Complex, Kamala City, P.B. Marg, Lower Parel (West), Mumbai 400013. www.idbifederal.com