Advantage Termsurance^® Premier Insurance Plan:

IDBI Termsurance^® Premier Insurance Plan is loaded with lots of benefits to suit your life stage and accomplishments. Moreover, it also gives you attractive discounts and tax benefits to help your wealth grow faster

Large coverage at a very low cost:
Choose the amount of insurance protection you need

Termsurance^® provides valuable income protection benefit in case of an untimely death of the major bread earner in the family. It is perfect for high net worth individuals like you as it allows you to take a large cover at a very low cost to compensate your family for the absence of your earning ability throughout your working life. The plan offers special rates for non-tobacco users. The insurance benefit received by your family, provides the much needed financial assistance to continue with the prosperous lifestyle to which they’ve become accustomed to and also helps fulfill their aspirations.

How it works:
The sum insured remains constant for the policy period. In case of death of the insured person during the term of the policy, provided the policy is in force, the sum insured will be paid to the beneficiary.

Maturity Benefit:
There are no maturity benefits. Hence on survival at maturity the policy will terminate.

Premium Payment:
The amount of premium to be paid depends upon the sum insured, premium payment term, policy term chosen, age, gender, tobacco usage of the person to be insured.
The table below provides indicative premiums for various age-term combinations for a sum insured of Rs 5 crore for a regular premium policy.

‘Each premium indicated has been calculated on an annual premium basis for a healthy adult non-tobacco user male excluding service tax and education cess. The exact premium to be paid may vary as a result of underwriting decision and applicable service tax and education cess shall be charged additionally.’

Flexibility in the policy term to suit your life stage

Your needs would vary with different stages of life. Besides the age, your responsibilities and liabilities also vary. Which is why, we have built in flexibility in the policy term of the plan. You can opt for any term between 5 years and 30 years.
For example, the policy term for a 55 year old married male could be for 5 years, whereas that for a 30 year old single male could be for the next 30 years. This plan has the flexibility to accommodate such needs.

Flexibility in premium payment options to suit your wallet
Choose to pay premiums as per your capacity

For your convenience, we have provided various premium payment modes that can be Yearly, Half-Yearly, Quarterly and Monthly. Two premiums compulsorily will be collected in advance for the monthly mode.
Premiums for frequency other than annual premium= Annual Premium x Modal Frequency Factor.
A modal frequency factor of 0.51 for half-yearly mode, 0.26 for quarterly mode and 0.09 for monthly mode is applicable.

Advantage Women
Avail of discounts on your premium

Termsurance^® offers premium discount for a female insured person in this plan depending on the usage of tobacco. Basic premium payable for the base policy will be equivalent to the premium for a corresponding three-year younger tobacco or non-tobacco male policyholder.

Tax benefits
Get the advantage of two tax benefits

The plan provides tax benefits u/s 80C for the premiums paid and u/s 10(10D) for the amount received as death/ maturity benefits under the policy as per the prevailing tax laws. Tax benefits are subject to changes in the tax laws from time to time; please consult your tax advisor for details