IDBI Federal Termsurance^® Protection Plan gives you multiple cover options so you can select protection as per your needs. This comes with a pack of convenient premium payments options and flexibility to choose policy term to suit your lifestage. Moreover, it also gives you attractive discounts and tax benefits to help your wealth grow faster.

1. Multiple cover options give you tailor-made protection

You can choose the type of protection you need from the three cover options - Level cover, Increasing cover and Level cover with the return of premium.

2. Flexibility in the policy term to suit your lifestage.

Our needs vary with different stages of life. Besides the age, our 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 10 years and 30 years.

For example, the policy term for a 50-year-old married male could be for 10 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.

3. Flexibility in premium payment terms to suit your wallet.

Pay your premiums as per your capabilities and desire. Be it a single lump sum premium payment or limited premium payment duration or a regular premium payment for the policy term that can be easy on your wallet.

You have the option to pay single or limited (3 and 5 years), or regular premium under this Plan. The amount of premium to be paid depends upon the gender and age of the person to be insured, benefit option chosen, sum insured, premium payment term and policy term chosen.

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.

A modal frequency factor of 0.51 for half-yearly mode, 0.26 for quarterly mode and 0.09 for monthly mode is applicable.

4. Attractive discounts to encourage additional cover

Advantage Women

There will be a premium discount for a female insured person in this Plan. Basic premium payable will be equivalent to the premium for a three-year younger male policyholder for the base policy only.

High Sum Insured Rebate

Termsurance^® offers an attractive premium discount structure, where you can have a discount if the Sum Insured purchased is Rs 10,00,000 or above. The rate of discount is as mentioned in the tables below:

High Sum Insured Rebate: Level Cover and Level Cover with Return of Premium (as a percentage of the base premium.

5. *Tax benefits to help you grow your wealth faster

The Plan provides tax benefits u/s 80C for the premiums paid and u/s 10(10D) for the amount received as death/surrender/maturity benefits under the policy as per the prevailing tax laws. Tax benefits are subject to changes in the tax laws; please consult your tax advisor for details.
For Special Surrender Value click here