IDBI Federal Lifesurance Whole Life Savings Insurance Plan

• Life cover till 100 years of age
• Grow savings with vested guaranteed additions and bonuses
• Lump sum payout at the end of premium payment term
• High sum assured rebate
• Premium discount for female lives
• Loan facility available
• Avail tax benefits

Death Benefit

In the event of death of the life insured during the policy term, the Death Sum Assured is payable which is higher of Guaranteed Sum Assured, 10 times of annualized premium, or 105% of all the premiums paid.

Survival Benefit

In case of survival of the life insured at the end of premium Payment Term (PPT), a lump sum amount is payable, which includes the sum of Guaranteed Sum Assured, vested reversionary bonuses, and vested guaranteed additions. In case of demise during the PPT, a lump sum amount payable includes death sum assured, Vested (payable) guaranteed additions, Vested reversionary bonuses, Terminal bonus and Interim bonus.

Maturity Benefit

In case of survival of the life insured, when he/she touched 100 years, a lump sum amount is payable which includes Higher of (Guaranteed sum assured, 105% of all premiums paid, or 10 times annual premium) plus vested reversionary bonuses plus Terminal bonus. In case of demise during the PPT, a lump sum amount payable includes death sum assured, Vested reversionary bonuses, and Terminal bonus.

Guaranteed Additions

Guaranteed Additions are added during the first 5 years at the rate of Rs 50 per Rs 1000 of the guaranteed sum assured.

Bonus

After completion of the 5^th policy year, Reversionary Bonuses is added under the plan. The bonus rate is applicable from the 6^th year onwards till end of the premium payment term and another bonus rate is applicable from the year after completion of the premium payment term.

Terminal Bonus is payable on death or maturity.

Loan Benefit

You can avail the maximum loan amount up to 85% of the Surrender Value, subject to minimum loan amount of Rs 5,000.

Surrender Value

This policy acquires Surrender Value after payment all due premiums for at least three full policy years. Upon surrendering the policy, the higher of Guaranteed Surrender Value or Special Surrender Value is payable.

Tax Benefit

This policy provides tax benefits for the premium paid under section 80C and the policy proceeds can also avail tax benefits under section 10 (10D) of the Income Tax Act, 1961.

Accidental Death Benefit rider can be opted, on payment of additional rider premium.

Raman at 30 years, wants to buy IDBI Federal Lifesurance® Whole Life Savings Insurance Plan to gain control over savings with whole life protection. He opts the plan with the premium paying term of 25 years, Guaranteed Sum Assured is Rs 5,00,000 with the annual premium of Rs 25,850 (without Accidental Death Benefit) & Rs 26,350 (with Accidental Death Benefit).

Scenario A: Raman Survives the Policy Term

If Mr. Raman survives till the maturity of the policy term, he receives Higher of (Guaranteed sum assured, 105% of all premiums paid, or 10 times annual premium) plus vested reversionary bonuses plus Terminal bonus.

Scenario B: Raman dies during the Term of the Policy

In the event of demise of Mr. Raman before completion of the premium paying term, the nominee will receive higher of Guaranteed Sum Assured, 10 times of annualized premium, or 105% of all the premiums paid.

Benefit Illustration: