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IDBI Federal Secured Income Insurance Plan (UIN 135N045V01).

You work tirelessly to ensure a financially secure future for your family. But with life’s uncertainties you need a plan that gives your family a secure income for years to come. Presenting IDBI Federal Secured Income Insurance Plan*, a plan which ensures that your family receives a regular income, no matter what life holds in store. This is a simple plan wherein you invest for 10 years and then enjoy a regular and secured annual income for the next 10 years. Plus it insures you from life’s uncertainties like disablement or death.

And the benefits don’t end here… read along to know why you should invest in this plan.

Secured Income Plan is crafted as a comprehensive savings tool for you and your loved ones.

It disciplines you to invest consistently towards providing financial security for your family; insures you from life’s uncertainties like disablement or death, boosts investments with accrued bonus; helps save on taxes and more…

  • Limited investment term of 10 years:
  • Secured Income plan requires you to invest for a limited and fixed premium payment term of 10 years, and then reap its benefits.

  • Regular annual income for the next 10 years:
  • You start receiving Income benefit i.e. regular annual payouts starting from the end of the 11th policy year up to maturity i.e. the end of 20th policy year. This Income Benefit is your guaranteed sum assured plus vested bonuses till end of the premium payment term, divided into 10 equal annual instalments.

  • Guaranteed bonus additions to boost savings:
  • Bonuses are declared as a percentage of your guaranteed sum assured. These get added to your policy every year starting from the 1st policy anniversary till the 10th policy anniversary. They are then paid out as part of your income benefit, death benefit or surrender benefit, as the case may be.

  • Life cover for 20 years:
  • With Secured Income Plan you can be rest assured about your family’s financial security with a life cover that remains in force for the entire policy term of 20 years.

  • Enhanced protection with Total and Permanent Disablement feature:
  • In an age of growing uncertainties and health concerns, this benefit offers a financial cushion in the unfortunate scenario of the life insured being struck by total and permanent disablement due to an accident or illness during the premium payment term. In such case all future premiums are waived off; plus monthly income of 1% of the guaranteed sum assured is paid till maturity; while all other benefits of the plan remain in force.

  • Added guaranteed sum assured for high premium policies:
  • High premium policies i.e. policies with annual premium greater than Rs. 50,000, get the benefit of additional guaranteed sum assured which is a percentage of their base guaranteed sum assured.

  • 2 tax benefits:
  • Secured Income Plan gives you the benefit of tax deductions under section 80C on the premium that you pay. Also, the benefits that you receive are tax-free under section 10(10D) of the Income Tax Act, 1961.

  • Loan facility:
  • You can avail a loan on your policy after complete payment of premiums in the first 3 policy years. The loan you can avail will be from a minimum of Rs. 5,000 up to 85% of the guaranteed surrender value at the time of application, subject to terms and conditions specified by IDBI Federal Life Insurance Company from time to time.

  • Exclusive funds for loved ones:
  • By endorsing your Secured Income policy under the Married Women’s Property Act, 1874, you can create an exclusive fund for your loved ones which is legally protected from creditors and claimants.

  • Strong parentage:
  • IDBI Federal has 3 strong financial institutions backing it - IDBI Bank, Federal Bank and Ageas. While the former 2 are India’s premier banks, the latter is a multinational insurance giant based out of Europe.

    For more information on plan benefits, please refer to the product brochure.

Make your own plan by choosing the amount you would like to invest each year for 10 years. You can also choose your investment frequency i.e. quarterly, half-yearly or yearly.

  1. Get Bonus additions to grow your savings:Simple Reversionary bonuses, as a percentage of your Guaranteed sum assured, are vested in to you policy every year from the 1st till the 10th policy anniversary
  2. Receive a secured annual income starting from the 11th policy year till maturity of your plan Income Benefit is the Guaranteed Sum Assured plus vested Simple Reversionary Bonus till the end of premium payment term (PPT), divided into 10 equal installments.
  3. Gain enhanced protection in case of disablement If Life assured is struck by total and permanent disablement due to an accident or illness; the following benefits apply:
    1.  Future premiums payable are waived off
    2. Additional monthly income of 1% of Guaranteed sum assured will be paid till the end of premium payment term
    3. Income Benefits are paid out as per schedule
    4. Maturity benefits are paid on maturity
  4. Get a Maturity benefit, on survival, at the end of the policy term.

IDBI Federal Secured Income Insurance Plan is a non-linked non-participating endowment plan UIN 135N045V01 Tax Benefits are as per the Income Tax Act, 1961 and are subject to changes in the tax laws from time to time. IDBI Federal Life Insurance Company Ltd. does not assume responsibility on tax implication mentioned anywhere in this advertisement. Please consult your own tax consultant to know the tax benefits available to you. For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale. The product is underwritten by IDBI Federal Life Insurance Company Limited (IRDAI Regn. No 135; Corporate Identity Number (CIN) - U66010MH2007PLC167164) having its registered office at: IDBI Federal Life Insurance Company Limited, 22nd Floor, A Wing, Marathon Futurex, N. M. Joshi Marg, Lower Parel – East, Mumbai – 400013. Website: www.idbifederal.com. Toll Free: 1800 209 0502. 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.

  • Visit any branch of IDBI Bank, Federal Bank or IDBI Federal Life Insurance Co Ltd. Visit your nearest branch
  • Call us on Call our nationwide toll free number 1800 209 0502 from Monday to Saturday at any time between 8 am to 8 pm.
  • SMS ‘INCOME’ to 5757515 and we will call you back
  • Email us at: support@idbifederal.com
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