Compare IDBI Federal Investment Plans

IDBI Federal Life Insurance Company

IDBI Federal Life Insurance Company

IDBI Federal Insurance Co. Ltd. Is a joint venture of one of India’s leading development and commercial bank, IDBI Bank, leading private bank, Federal Bank and one of the leading multinational insurance companies based out of Europe, Ageas! One of the fastest growing companies in the insurance industry, IDBI Federal Life showed exemplary growth since its launch in 2008 and achieved break even in only 5 years of its operations. As of today, their pan India presence and synergy between different operations are striving hard to provide the customers complete insurance and wealth management services. A diversified portfolio of products is being serviced by a dedicated team of employees to bring best solutions to customer’s financial needs.

IDBI Federal Life Investment Plans

The investment plans offered by the company are designed to offer insurance coverage along with investment opportunities to enhance your earnings. With multiple fund options to invest, bonuses and adequate death benefits, these plans offer complete financial solutions for those, who want something more than just plain insurance cover.

List of Investment Plans Offered By IDBI Federal Life Insurance Company, With Features, Benefits And Eligibility

IDBI Federal Wealthsurance Growth Insurance Plan

Features:

  • Unit-linked insurance plan
  • Single premium payment plan to enjoy long term financial security and growth
  • Multiple funds to choose from for maximum return on investment
  • Applicable additions to the fund value
  • Partial withdrawals allowed

Benefits:

  • One-time investment plan that also offer life cover
  • 9 fund options available to choose from:
    Equity Growth Fund
    Midcap Fund
    Pure Fund
    Bond Fund
    Liquid Fund
    Income Fund
    Aggressive Asset Allocator Fund
    Moderate Asset Allocator Fund
    Cautious Asset Allocator Fund
    The policy gives you the option to switch between funds or even redirect future premiums into a fund of your choice without any charges
  • Guaranteed additions are added to the fund @ 2.5% of the average fund value over the last three years. These will be added from the end of 5th policy year and then every 5 years thereafter
  • Partial withdrawals are allowed after 5 years of policy term with minimum amount fixed at Rs. 10,000 and maximum amount being 20% of the fund value
  • If the policyholder dies during the policy term, the nominee shall be paid death benefit that will be higher of sum assured or the fund value at that time. However, death benefit shall always be at least 105% of all premiums paid till the date of the death
  • Fund vale will be paid at the time of maturity, but there is also an option called Settlement Option where you can receive the maturity benefits over a period of 5 years from the date of maturity
  • Income tax benefits shall be applicable under section 80C and section 10 (10) D

Eligibility:

Min-Max Entry Age 30 days-70 years
Min-Max Maturity Age 18 years-75 years
Policy Term 5, 10, 15, 20 and 25 years
Premium Payment Term Single Premium
Premium Min: Rs. 25,000 | Max: No limit
Min 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
Max Sum Assured For age at maturity up to 48 years: 10 times single premium | For age at maturity greater than 48 years: Age at entry less than 45: 1.25 times single premium; Age at entry of 45 years and above: 1.10 times the single premium

IDBI Federal Wealth Gain Plan

Features:

  • Unit linked insurance plan
  • Provides life cover as well as waiver of premium on disability
  • Loyalty additions are offered
  • Income tax benefits are applicable

Benefits:

  • The most striking feature of the plan is waiver of premiums on disability. If the policyholder suffers from total and permanent disability
    1. Future premiums will be paid off and instead the company will pay those premiums at schedule dates
    2. Life cover will continue till end of policy term
    3. Loyalty additions shall be added as decided and fund value shall be paid at the time of maturity

    The policyholder can avail this benefit only if disability occurs within 180 days of the accident or sickness

  • Guaranteed loyalty additions shall be added from the end of 10th policy year and every 5 years thereafter. It will be calculated @1% of the average fund value over the preceding three years
  • Flexibility to opt from 8 funds to invest in:
  • Equity Growth Fund
    Midcap Fund
    Bond Fund
    Income Fund
    Pure Fund
    Aggressive Asset Allocator Fund
    Moderate Asset Allocator Fund
    Conscious Asset Allocator Fund
    The policy offers the freedom to switch between funds without charges for maximum enhancement of investments as well redirect future premium payments

  • At the time of maturity, the fund value including guaranteed additions shall be paid as the maturity benefit
  • Death Benefits: In case the policyholder dies during the term of the plan, the nominee shall be paid the death benefit. Death benefit is the higher of:
  • Death Sum Assured, or
    Fund value, or
    105% of the total premiums paid till the date of death
    Here, the death sum assured is higher of:
    10 times the annualized premium, or
    0.5 X policy term X annualized premium

  • Tax benefits can be availed under section 80C and section 10 (10) D

Eligibility:

  Minimum Maximum
Entry Age 5 years 60 years
Maturity Age 18 years
Premium Payment Term Single Premium 74 years
Premium Monthly: Rs. 2500; Yearly: Rs. 30,000 Monthly:Premium Payment Term: 5, 10 years: Rs. 83,000 p.m.
15, 20 years: Rs. 50,000 p.m.
Yearly: Premium Payment Term:
5, 10 years: Rs. 10 lakhs p.a.
    15, 20 years: Rs. 6 lakhs p.a. 5, 10 years: Rs. 10 lakhs p.a.

Premium Payment Term        : Age below 50 years: 5/10/15/20 years | Age 50 years and above: 10/15/20 years
Policy Term                             : 10,15,20 years
Premium Payment Frequency: Yearly or monthly

popup close button
Looking for an insurance policy? Get Instant Quotes from 44+ insurers Click Here
popup close button
Gender
Male Female
Date of Birth
/ / Enter Correct Age(Minimum 18 and Maximum 65 years)
I want to invest
Please Enter Amount Please enter value between 10 Thousand to 5 Lacs yearly or monthly 850 to 41666 Please enter value between 10 Thousand to 5 Lacs yearly or monthly 850 to 41666
Yearly Monthly
Enter Your name
Enter Your Name
Enter Your email
Enter Your Email Id
Mobile No.
Enter Your 10 digit Number
OTP