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Incomesurance™ Guaranteed Money Back Insurance Plan 7 Pay
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IDBI Federal IncomesuranceTM Guaranteed Money Back Insurance Plan 7 Pay (UIN: 135N042V01)

We don’t know what lies in our future and therefore when we invest, we seek a guarantee. IDBI Federal Incomesurance Guaranteed Money Back Insurance Plan 7 pay (hereinafter referred as Incomesurance 7 pay) is a plan that enables you to stop being concerned of the future and rest assured, since the plan gives you payouts annually. And yes, it’s guaranteed!

IDBI Federal IncomesuranceTM Guaranteed Money Back Insurance Plan 7 Pay is a money-back plan that gives you the confidence of guaranteed income. You pay for 7 years and start reaping the benefits from the 8th year onwards with the annual payouts ranging from 126.66% to 143.23% of premiums paid. Additionally, you can also guarantee a secure future for your family even when you are not around.

Criteria Minimum Maximum
Age at Entry (as on last birthday) 10 years* 50 years
Age at Maturity (as on last birthday) 24 years 64 years
Premium Amount Rs 35,000 annually Rs. 20,00,000 annually
Policy term Fixed – 14 years
Premium payment Term Fixed – 7 years
Premium Payment Mode Annual

All ages are as per last birthday. * Policies on lives of minors can be taken only by parents / grand-parents

  1. Enjoy Guaranteed Income:
  2. You get Guaranteed Annual Payouts ranging from 126.66% to 143.23% of your annual premium irrespective of market conditions.

  3. Limited premium payment term:
  4. With Incomesurance you pay premiums only for the first 7 policy years and enjoy Guaranteed Annual Payouts from the 8th to the 14th policy year.

  5. Protection of Critical Illness Benefit:
  6. In an era of growing health concerns and uncertainties, this benefit offers you a financial cushion against a pre-defined list of illnesses.

  7. Life Cover:
  8. You get a life cover for the complete policy term of 14 years. In the unfortunate case of an eventuality during this period, your family will get a lump sum amount regardless of any guaranteed annual payouts or Critical Illness Benefit received earlier.

  9. Tax Benefits:
  10. You can avail tax deduction under Section 80C on the premiums you pay towards your Incomesurance 7 pay plan. Also the benefits you receive under this plan attract tax benefits under Section 10(10D) of the Income Tax Act, 1961.

  11. Flexibility to choose your premium amount:
  12. You can decide your annual premium amount basis the Guaranteed Annual Payouts desired, and the quantum of financial protection you want for your family.

To help you understand this better, let us take the example of Mr. Mohit aged 20 years. Mr. Mohit decides to invest Rs. 2,00,000 per annum in his Incomesurance plan. He invests this amount every year for the first 7 years of his policy. From the end of the 8th policy year, he starts receiving his Guaranteed Annual Payouts of Rs. 2,86,000 every year till the 14th year of his policy.

Premiums are payable at the beginning of the year and payouts at the end of the year.
The premium mentioned here is excluding service tax and for a healthy individual.

Guaranteed annual payouts are a defined percentage of your premium, based on your age at entry and premium amount. The table given below shows the rates corresponding to age:

Age at Entry(Last Birthday) Premium < Rs. 1,00,000 Premium ≥ Rs. 1,00,000 & <2,00,000 Premium ≥ Rs. 2,00,000 Age at Entry (Last Birthday) Premium < Rs. 1,00,000 Premium ≥ Rs. 1,00,000 & <2,00,000 Premium ≥ Rs. 2,00,000
10 139.26% 142.31% 143.23% 31 138.06% 141.28% 142.15%
11 139.26% 142.31% 143.23% 32 137.71% 140.94% 141.81%
12 139.26% 142.31% 143.23% 33 137.71% 140.94% 141.81%
13 139.26% 142.31% 143.23% 34 137.25% 140.48% 141.35%
14 139.26% 142.31% 143.23% 35 136.98% 140.21% 141.08%
15 139.02% 142.31% 143.23% 36 136.66% 139.89% 140.77%
16 139.02% 142.31% 143.23% 37 136.31% 139.54% 140.42%
17 139.02% 142.31% 143.00% 38 135.91% 139.15% 140.03%
18 139.02% 142.31% 143.00% 39 135.48% 138.72% 139.60%
19 139.02% 142.05% 143.00% 40 134.99% 138.24% 139.12%
20 138.80% 142.05% 143.00% 41 134.46% 137.72% 138.59%
21 138.80% 142.05% 143.00% 42 133.88% 137.14% 138.01%
22 138.80% 142.05% 143.00% 43 133.23% 136.50% 137.38%
23 138.80% 142.05% 142.75% 44 132.52% 135.79% 136.67%
24 138.80% 141.83% 142.75% 45 131.73% 135.01% 135.90%
25 138.56% 141.83% 142.75% 46 130.88% 134.17% 135.05%
26 138.56% 141.83% 142.75% 47 129.95% 133.24% 134.13%
27 138.56% 141.83% 142.49% 48 128.93% 132.23% 133.12%
28 138.31% 141.53% 142.49% 49 127.64% 131.15% 132.04%
29 138.31% 141.53% 142.49% 50 126.66% 129.83% 130.72%
30 138.06% 141.28% 142.15%

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. IDBI Federal Incomesurance Guaranteed Money Back Insurance Plan 7 Pay is a non-linked non-participating money back plan. UIN: 135N042V01. This product is underwritten by IDBI Federal Life Insurance Company Limited (IRDAI Regn. No 135; Corporate Identity Number – U66010MH2007PLC167164) having its registered office at: 22nd Floor, A Wing, Marathon Futurex, N. M. Joshi Marg, Lower Parel (East), Mumbai 400013, India. Trade Logo displayed above belongs to IDBI Bank Limited, The Federal Bank Limited and Ageas International Insurance N. V. and used by IDBI Federal Life Insurance Company Limited under license from respective partners. Tax Benefits are as per the Income Tax Act, 1961 and are subject to changes in the tax from time to time. TM - IDBI Federal Life Insurance Co Ltd has applied for the registration of Incomesurance as trademark with the Trademark Registry.

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS / FRAUDULENT OFFERS.

IRDAI clarifies to public that:

  • IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums.

  • IRDAI does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.

  • Visit your nearest branch
  • Chat with an executive (Pan India toll-free number: 1800 209 0502. Monday – Saturday, between 8am to 8pm)
  • SMS ‘INCOME’ to 5757515 and we will call you back. Premium SMS charges apply.
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