IDBI Federal Termsurance™ Protection Plan is designed to keep pace with your growing needs and responsibilities. A family’s standard of living never remains constant. As time goes by, your family would expect a higher standard of living, thus increasing the money required to maintain it. Furthermore, inflation eats into the value of money, thereby requiring a higher corpus in the case of an eventuality. The innovative increasing risk cover option from Termsurance™ increases the sum insured every year by a specific amount, thus allowing you to plan for your future responsibilities better.

• Under this option, the cover increases by 10% of the basic sum insured every policy year.
• The increase in sum insured is automatic, year after year, without the need for the insured person to undergo medical examination at any subsequent stage.
• In case of death of the insured person during the term of the policy, the increased sum insured will be paid to the beneficiary.
• You can get the advantage of lower premiums by entering at a lower age as this option eases the increased liability which comes with starting a family.

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

Premium Payment:You have the option to pay either a single premium or limited premium for 3 or 5 years, or regular premium for the term chosen.

For example, if the sum insured is Rs 10 lacs for a term of 20 years at the inception, it will increase by Rs 1 lac every policy anniversary. At the end of the 19th year, the basic sum insured will have increased to Rs 29 lacs.

The table below provides indicative premiums for various age-term combinations for an initial sum insured of Rs 10 lacs for a regular premium policy.

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