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Termsurance® Life Protection Insurance Plan
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IDBI Federal Termsurance® Life Protection Insurance Plan (UIN: 135N040V01)

Happiness and security for our families are things all of us strive to achieve. However, there are times when you ask yourself - what if something was to happen to me? What would happen to my loved ones?

IDBI Federal Termsurance® Life Protection Insurance Plan (hereinafter referred to as Termsurance Life Protection) is a non-linked, non-participating insurance plan that enables you to protect your family in case of an eventuality. It ensures that your family’s dreams remain secure, no matter what!

Termsurance Life Protection comes with the following benefits:

  1. Options to suit your need:
  2. This plan has two options:

    1. Pure Protection Option:
    2. This plan covers you through the policy term and in case of an eventuality, your family gets the Death Benefit.

    3. Return of Premium on Maturity Option:
    4. This plan covers you through the policy term. In case you live till the end of the policy term, your premiums are returned* to you. In case of an eventuality during the policy term, your family gets the Death Benefit.

    *Refund of basic premiums paid excluding service tax and additional premium.

  3. Policy term to suit your life stage
  4. Choose the policy term according to your age and needs. Besides with age, your responsibilities and liabilities also keep changing. 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.

  5. Premium payment options to suit your wallet
  6. Choose from regular or single premium payment option. You can opt for a single lump-sum premium payment or a regular premium payment for the policy term that can be easy on your wallet. For your convenience, we have provided all premium payment modes: yearly, half-yearly, quarterly and monthly.

  7. Attractive discounts
  8. Avail of premium discounts, and get more out of your plan

    1. Advantage Women
    2. If you’re a woman, we have good news. We offer a premium discount for women. This means you pay lower charges for the same amount of cover.

    3. High Sum Assured Discount
    4. We offer an attractive premium discount structure. You are eligible for a discount, if the Sum Assured is Rs.10 lacs or above.

  9. Tax Benefits:
  10. With Termsurance Life Protection, you can enjoy tax benefits under section 80C and section 10(10D) of the Income Tax Act, 1961.

Termsurance® Life Protection Insurance Plan works in a simple way. In the event of the policy holder’s unfortunate death during the policy term, the nominee is paid the death benefit.

Death Benefit is defined as follows:

  Age of the life assured
  Less than 45 years 45 years and above
Single Premium Highest of a) sum assured b) 125% of the single premium or c) minimum guaranteed sum assured on maturity# (which is the contractual single premium in case of return of premium option) Highest of a) sum assured b) 110% of the single premium or c) minimum guaranteed sum assured on maturity# (which is the contractual single premium in case of return of premium option)
Regular Premium Highest of a) sum assured b) 10 times the annualised premium c) 105% of all the premiums paid as on date of death or d) minimum guaranteed sum assured on maturity# (which is the sum of all contractual basic regular premiums payable throughout the term in case of return of premium option) Highest of a) sum assured b) 7 times the annualised premium c) 105% of all the premiums paid as on date of death or d) minimum guaranteed sum assured on maturity# (which is the sum of all contractual basic regular premiums payable throughout the term in case of return of premium option)

# Not applicable for pure protection option


There are two plan options:

  1. Pure Protection Option:
  2. This plan covers you through the policy term and in case of an eventuality, your family gets the Death Benefit. There is no maturity benefit in this plan

  3. Return of Premium on Maturity Option:
  4. This plan covers you through the policy term. In case you live till the end of the policy term, your premiums are returned* to you. In case of an eventuality during the policy term, your family gets the death benefit.

*Refund of basic premiums paid excluding service tax and additional premium

Criteria Minimum Maximum
Age at Entry 18 years 60 years
Attained age at Maturity of Insured Person(s) 28 years 70 years
Policy term 10 years 30 years
Sum Assured Rs. 5,00,000 No limit. Subject to underwriting
Premium Payment Term Single and Regular
Premium Payment Mode Single, Annual, Half-yearly, Quarterly, Monthly

All ages are attained as on last birthday.

Insurance is the subject matter of the solicitation. For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale. Tax benefits are as per the Income Tax Act, 1961 and are subject to changes in the tax laws from time to time. 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. IDBI Federal Termsurance Life Protection Insurance plan (UIN: 135N040V01) is a non-linked non-participating term insurance plan. The product is underwritten by IDBI Federal Life Insurance Company Limited 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, India. Tel: 022 2490 6785 Fax: 022 2494 1016. Website: www.idbifederal.com (IRDAI Regn. No 135; Corporate Identity Number (CIN) - U66010MH2007PLC167164)

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS / FRAUDULENT OFFERS.
IRDAI clarifies to public that:

  • IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums.
  • IRDAI does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.

Pay Online
You can pay your premiums swiftly and safely, just follow these 3 simple steps. It’s really simple and convenient.