At IDBI Federal, we think differently about insurance. We have set out to create products that help realise your unique dreams and aspirations, by drawing upon the power of insurance. Our line of products combines wealth creation and insurance protection into one powerful financial solution. Wealthsurance, our flagship product, allows you to build wealth with planned as well as flexible savings along with a choice of investment options. What is more, once you sign up, Wealthsurance Plans can ensure that your financial goals are achieved even if there were unforeseen crises such as death, accident, disablement or serious illness.
The Wealthsurance Milestone Plan has a truly versatile range of benefits. Let me highlight a few key concepts.
Wealthsurance is a comprehensive investment solution
Wealthsurance is designed to be an investment solution. It offers a full range of investment choices similar in features to those you are already familiar with such as bank deposits, bonds, post office schemes or mutual funds. The investment options are designed to meet the needs of all types of investors, whether cautious or risk-taking. So whenever you are looking to make an investment, think about investing in Wealthsurance.
Wealthsurance is a wealth-management account
Wealthsurance is indeed a wealth-management solution. You can make a single investment or regular contributions. You can even manage most of your financial savings in it by choosing an appropriate mix of investment options. Think about the convenience of managing your entire portfolio in a single account and watch your wealth grow over time.
Wealthsurance is for those who will live
Life insurance is sometimes thought of as for those who might die, but Wealthsurance is for those who will live. While it provides benefits upon death, Wealthsurance is also designed to offer a whole package of living benefits. You can get benefits on terminal illness, major diseases, hospitalisation and disablement so you are well cared for in the event of a health crisis or accident.
Wealthsurance is a tax-free wealth-builder account
In Wealthsurance, you can build wealth free of income tax. Not only do you get tax benefits on your contributions, but all the returns you earn on your investments and the benefits you receive are tax-free. You can also switch amongst investment options without incidence of any tax. In essence, Wealthsurance is a tax-free wealth management account.
Wealthsurance is a long-term plan with short-term liquidity
Wealthsurance allows you to build wealth over the long-term, but it also gives you the ability to withdraw your money when needed, after completion of three years from the commencement of the plan. With Wealthsurance you can achieve medium as well as long-term financial goals.
Wealthsurance meets your changing needs
Wealthsurance is designed to meet your investment and insurance needs even as they change over time. You may not need another plan because you will be able to increase, decrease or manage the wealth-building and insurance benefits as you desire.
Wealthsurance is different from traditional insurance
Wealthsurance is not like traditional life insurance you might know. It is an investment plan focused on wealth creation and living benefits. Sometimes people think that they only need a limited amount of life insurance. But as long as you have financial goals and you wish to build and manage wealth, or desire living benefits in your own lifetime, you will find Wealthsurance useful.
Wealthsurance has as many options as you need
Wealthsurance gives you multiple options because we want to meet your specific needs. At the same time we have made it easy for you to choose by developing Ready Plans to meet the typical needs of customers. Quite likely there is a Ready Plan that meets your needs. But if you wish, you can build a Custom Plan to suit your own circumstances.
Contact us to get your Wealthsurance Plan today
I invite you to please spend a little time in browsing through the Wealthsurance section on this website. I am sure that you will appreciate its flexibility and benefits. Please contact us and our representative will visit you to assist in making your Wealthsurance Plan. Get your Plan today and benefit from the great possibilities Wealthsurance offers.
Looking forward to welcoming you to the family of Wealthsurers.
G V Nageswara Rao
MD & CEO IDBI Federal Life Insurance Co Ltd