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Wealthsurance® Suvidha Growth Insurance Plan
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Wealthsurance® Suvidha Growth Insurance Plan

All of us want to build personal wealth and manage it well. Those who have already built their wealth often describe the journey as time consuming and arduous. What if there is a plan that helps you build wealth, yet keep it simple? Introducing IDBI Federal Wealthsurance® Suvidha Growth Insurance Plan (referred to as Wealthsurance® Suvidha hereafter); a plan to help you build your wealth with ease. Read on to know why you should invest in Wealthsurance® Suvidha.

IDBI Federal Wealthsurance® Suvidha Growth Insurance Plan (UIN: 135L033V01) is a simple unit linked plan that helps you take your first step towards wealth creation and that too, with ease. What’s more, the life cover with this plan provides financial protection to your loved ones.

Eligibility Criteria Minimum/ Maximum
Age at entry Minimum • 1 month (subject to minimum maturity age)
Maximum • 65 years (subject to maximum maturity age)
Maturity age Minimum • 18 years
Maximum • 75 years
Policy term Fixed options • 10 years, 15 years and 20 years
Premium payment term Fixed options • 10 years and in multiples of 5 thereafter
Premium Minimum • Rs. 15,000 p.a.
Maximum • Rs. 25,000 p.a.
Premium payment mode Fixed • Annual
Sum assured Fixed 10 times the annual premium

All ages are as per last birthday

  • Systematic Allocator to help you build wealth with ease
  • You have two options of managing funds in Wealthsurance Suvidha. You can either manage the funds yourself or opt for Systematic Allocator. If you opt for Systematic Allocator, you will enjoy a balance between growth and safety. In the early policy years, your investment will have a higher exposure to equity. This will help your investments have the potential to earn you higher returns. As the policy approaches maturity, your investment will be automatically rebalanced to reduce the exposure to equity. This ensures that your investment is protected from the ups and downs of the equity markets. For more details on Systematic Allocator, please refer to the product brochure.

  • Option to choose how long you want to stay invested
  • With Wealthsurance® Suvidha, you can choose the policy term (PT) which is the duration for which you want to stay invested. In addition, you can also choose how long you want to pay your premiums by choosing the premium payment term (PPT) most suited to your needs. Please refer to the product brochure for combinations of PT and PPT available.

  • Guaranteed loyalty additions to boost your wealth*
  • At the end of the 10th policy year and every 5 years thereafter, you get guaranteed loyalty additions to boost your wealth.

  • Financial protection against uncertainty
  • In case of an unfortunate death during the policy term, your nominee gets the death benefit which is the sum assured or the fund value at that time, whichever is higher. At any time during the policy term, the death benefit will be more than 105% of all premiums paid.

  • Partial withdrawals for emergency fund requirements
  • In case of a financial emergency, you can make partial withdrawals from your funds any time after the 5th policy year. For more information on partial withdrawals, please refer to the product brochure.

  • Two tax benefits
  • The premiums you pay under Wealthsurance® Suvidha are eligible for tax benefit under Sec 80C of the Income Tax Act, 1961. The maturity benefit and death benefit are also tax free under Sec 10(10D).

  • Flexibility to switch funds and investment options
  • You can switch your investment option between Systematic Allocator and managing your funds by yourself. Also, if you are managing your funds yourself, you can also switch from one fund to the other.

  • Option to surrender
  • Wealthsurance® Suvidha also provides the feature of surrendering the policy free of charge after the 5th policy year. A surrender amount equal to the fund value as on date will be paid out. Discontinuance charge will be applicable for policies surrendered within the first 5 years of the term.

  • Exclusive funds for loved ones
  • By endorsing your Wealthsurance® Suvidha 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.

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

You can make you own Wealthsurance® Suvidha plan by the following 4 simply steps:

  1. Choose your premium amount: You can select any amount, from as low as Rs.15,000 to Rs.25,000 as your annual premium.
  2. Choose how you would like to manage your investments : You can benefit by opting for the Systematic Allocator or you can choose to manage your investments by yourself. Please refer to the graph below for working of Systematic Allocator.
  3. Choose your policy term (PT): Choose the duration for which you would like to stay invested in the plan as per the available options.
  4. Choose your premium payment term (PPT): Choose the duration for which you would like to pay premiums. There are 6 combinations of PPT and PT available in this plan as below.
  5. Limited Pay Regular Pay
    PT PPT PT PPT
    15 10 10 10
    20 10 15 15
    20 15 20 20

How does Systematic Allocator work?

Systematic Allocator helps you achieve a balance between growth and safety on your investments. As your policy comes closer to maturity, Systematic Allocator automatically rebalances your investment to reduce the level of your investment risk. At the commencement of your policy, a significant portion of your funds is invested in the Equity Growth Fund (high risk fund) in order to increase the probability of higher returns. When your policy approaches maturity, Systematic Allocator gradually reduces the exposure to Equity Growth Fund and shifts funds to Income Fund (low risk fund). This helps reduce your investment risk related to equities. The graph below represents the change in proportion of investment in Equity Growth Fund and Income Fund with respect to the residual time to maturity. Please refer product brochure for complete details regarding Systematic Allocator.

In this policy, the investment risk in the investment portfolio is borne by the policyholder. The Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender /withdraw the monies invested in linked Insurance products completely or partially till the end of the fifth year.
Insurance is the subject matter of 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. Unit Linked Life Insurance products are different from traditional insurance products and are subject to the risk factors. The premiums paid in these policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. IDBI Federal Life Insurance Company Limited and IDBI Federal Wealthsurance Suvidha Growth Insurance Plan (UIN: 135L033V01) are only the names of the insurance company and linked insurance contract respectively, and do not in any way indicate the quality of the contract, its future prospects or returns. The various funds offered under these contracts are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns. Please know the associated risks and the applicable charges from your Insurance Agent or the Intermediary. The product is underwritten by IDBI Federal Life Insurance Company Limited (IRDAI Regn. No 135) 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.

  • Visit your nearest branch
  • Chat with an executive (Pan India toll-free number: 1800 209 0502. Monday – Saturday, between 8am to 8pm)
  • SMS ‘WEALTH’ to 5757515 and we will call you back. +SMS charges up to Rs.3 apply
Pay Online
You can pay your premiums swiftly and safely, just follow these 3 simple steps. It’s really simple and convenient.