IDBI FEDERAL WHOLE LIFE SAVINGS INSURANCE

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IDBI FEDERAL WHOLE LIFE SAVINGS INSURANCE

IDBI Federal Lifesurance Whole Life Savings Insurance Plan

We all want to live long and see our future generations grow and prosper. However, not many of us plan for the long life that we wish for, either because we do not know how to go about it or because we believe it is an arduous task. Presenting, IDBI Federal Lifesurance Whole Life Savings Insurance Plan (hence referred to as Lifesurance Whole Life) which helps you plan for a long and worry-free life in a simple and convenient way.

IDBI FEDERAL WHOLE LIFE SAVINGS INSURANCE

  • Life cover up to 100 years of age so that your family stays financially secured forever.
  • Lump sum payout at the end of Premium Payment Term (PPT) equals guaranteed sum assured, guaranteed additions and bonuses (from 6th policy year till end of PPT).
  • Additional lump sum payout when you reach 100 years of age, which is the higher of guaranteed sum assured, 10 times the annual premium and 105% of all premiums paid. Bonuses accrued after PPT will be paid in addition.
  • Guaranteed additions and bonuses to boost your savings
  • Additional payout if you opt for Accidental Death Benefit in case of death due to accident during the premium Payment Term

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

Criteria

Minimum

Maximum

Age at entry

18 years

55 years (Subject to a maximum age at the end of PPT being 75 years for cover without Accidental Death Benefit)

53 years (Subject to a maximum age at the end of PPT being 65 years for cover with Accidental Death benefit)

Age at maturity

100 years

Premium payment term

12 years

30 years

Premium payment frequency

Yearly, Half-Yearly, Quarterly, Monthly

Modal frequency factor

0.51 for half yearly, 0.26 for quarterly and 0.09 for monthly mode

Guaranteed sum assured

Depending on age at entry and premium payment term

No limit subject to underwriting approval

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. 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. IDBI Federal Lifesurance Whole Life Savings Insurance Plan (UIN 135N035V01) is a non-linked whole life participating endowment plan. 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