Advantage Incomesurance™
Get Guaranteed Annual Payout along with Insurance Protection
IDBI Federal Incomesurance™ Endowment and Money Back Plan (Incomesurance™) not only gives you unmatched transparency and flexibility but there are lots of other features which are inbuilt in the product like convenient premium payment options, Tax benefits and double advantage of Endowment and Money Back plan.
Advantage of Endowment and Money Back
Incomesurance™ combines Endowment and Money Back benefits into one plan. You can get periodic payments as in Money Back or get a lump sum at maturity as in Endowment. You can make it into an Endowment plan or Money Back plan, as you wish.
Incomesurance™ gives you two tax benefits in a single plan. Your premium is deductible under Sec 80C, so you save income-tax when you pay premium. Even better, the payouts you receive are fully tax-free under Sec 10(10D) so you can enjoy the additional income without any tax outgo.
Premiums waived in case of death
Incomesurance™ protects your plan with insurance. If unfortunately anything happens to you, your premiums can be fully waived and your beneficiary can receive payouts just as you had envisaged. You can also choose to get a lump sum that provides financial security to your family.
Convenient premium payment options
Incomesurance™ allows you to choose 5, 10 or 15 years as your Premium Payment Period. For the same payout amount, the premium is lower if you choose longer Premium Payment Period, so you can save more comfortably. Therefore, even if you want the payout in a short period of 5 years, you can pay premiums over a long period up to 15 years.
Incomesurance™ offers complete transparency in declaration of your payouts. Please refer to 'Determination of Additional Annual Payout' in the brochure for a detailed explanation of how the Additional Annual Payout will be computed and determined. Incomesurance™ offers complete transparency in declaration of your payouts.
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