IDBI Federal Wealthsurance Growth Insurance Plan SP

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IDBI Federal Wealthsurance Growth Insurance Plan SP

IDBI Federal Wealthsurance Growth Insurance Plan SP

In today's fast moving world, we have little time for various things, yet we expect the desired output. When it comes to our investments, the expectation is the same. 
 
Presenting, IDBI Federal Wealthsurance Growth Insurance Plan SP (hereafter referred to as Wealthsurance SP), which recognises your need for little effort and desired return. With this plan, you pay premium just once. What's more, your family stays financially secured with a life cover! 
 

IDBI Federal Wealthsurance Growth Insurance Plan SP

  • One-time premium payment with high allocation of premium to maximise the earning potential of your investment.
  • Choice of 9 funds to invest in based on your risk profile and return expectations and the freedom to switch among funds
  • Guaranteed loyalty additions to boost your investment
  • Easy access to your investment through partial withdrawal
  • Life cover for the financial protection for your loved ones

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

Criteria

Minimum/ Maximum

Wealthsurance Growth Insurance Plan SP

Age at entry

Minimum

1 month completed

Maximum

70 years

Age at maturity

Minimum

18  years

Maximum

75  years

Policy term

Fixed options

5 years/ 10 years/ 15 years/ 20 years/25 years

Subject to minimum and maximum maturity age as mentioned above

Premium payment term

Single premium

   Sum assured

                 Minimum

Basic sum assured

·         For age at entry below 45 years - 1.25 times the single premium

·         For age at entry of 45 years and above - 1.10 times the single premium

Maximum

·         For age at maturity up to 48 years - 10 times single premium

·         For age at maturity greater than 48 - Age at entry less than 45: 1.25 times single premium

  • Age at entry equal or greater than 45 - 1.10 times single premium

 

Brochure - Click here to download

 

 

 

 

 

Disclaimer:

 

IN THIS PLAN, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER.  Linked Insurance Products do not offer any liquidity during the first five years of the Contract. 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. 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. IDBI Federal Wealthsurance Growth Insurance Plan SP is a Unit Linked Insurance Plan. Unit Linked Life Insurance products are different from traditional insurance products and are subject to the risk factors. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospectus and returns. The premiums paid in these policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. IDBI Federal Life Insurance Company Limited and IDBI Federal Wealthsurance Growth Insurance Plan SP (UIN : 135L034V01) are only the names of the insurance company and linked insurance contract respectively, and do not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges from your Insurance Agent or the Intermediary. Federal Bank is a Corporate Agent of IDBI Federal Life insurance Company Limited having its registration number (Regn. No. IFL 1533051) and Registered office at P.B. No.103, Federal Towers, Aluva, Ernakulam, Kerala -683101. The corporate agent does not underwrite the risk or act as an insurer. Participation of the Federal Bank customers is on a voluntary basis. The product is underwritten by IDBI Federal Life Insurance Company Limited (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