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Wealthsurance® Future Star Insurance Plan
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IDBI Federal Wealthsurance® Future Star Insurance Plan (UIN: 135L038V01)

Your child is a star in your eyes and you constantly encourage your child to excel in academic and extra-curricular activities. You are doing whatever it takes to ensure that your child shines like a star when she grows up. But have you done everything that is needed to secure a child’s future? Facilitating the best for him, from education to talent development courses, everything is going to cost a lot tomorrow. To add to this concern is the uncertainty of life. Of course, you would like your child to fulfil his dreams, no matter what! IDBI Federal Wealthsurance Future Star Insurance Plan* is designed with the understanding that your desire to see him shine like a star is unconditional.

IDBI Federal Wealthsurance® Future Star Insurance Plan is a unit-linked insurance plan that enables you to fulfil your child’s dreams. This plan with its exclusive ‘waiver of premium’ benefit ensures that the plan continues even in the case of an eventuality and provides the maturity benefit as you had initially planned.


Criteria Minimum Maximum
Age at Entry 18 years 54 years
Attained age at Maturity of Insured Person(s) 28 years 64 years
Policy term 10 years 25 years
Premium payment Term 5 years Up to the policy term
Premium Payment Mode Annual
Premium Amount Rs 25,000 annually Rs 95,000 annually
Sum Assured Sum Assured is fixed as per the below criteria

For insured person of age below 45 years: Higher of
  • 10 times Annual Premium
  • (0.25 * Policy Term* Annual Premium)

For insured person of age 45 years and above:
Premium Payment Term less than 8: Higher of
  • 7 times Annual Premium
  • (0.25 * Policy Term* Annual Premium)

Premium Payment Term equal or greater than 8: Higher of
  • 10 times Annual Premium
  • (0.25 * Policy Term* Annual Premium)

All ages are as per last birthday

Wealthsurance Future Star comes with the following unique benefits unmatched by other forms of investment:

  1. Life cover with triple benefits:
  2. Wealthsurance Future Star is designed with triple benefits to help you secure your child’s future in the unfortunate event of death. First, the sum assured is paid out as a lump sum amount on death; second, all future premiums are waived off and an equivalent amount is invested by us into the policy; and third, the policy continues and the maturity benefit is paid out at end of the policy term.

  3. Wealth Care Switcher benefit:
  4. You will have to opt for this benefit at the time of purchasing the policy. This benefit would trigger in case of death of the life insured. Under this benefit, as the policy approaches maturity, we would transfer the funds from equity (high risk) to debt (low risk) in a pre-defined manner. This will ensure that the accumulated corpus does not fall prey to sudden market fluctuation.

  5. Education Support benefit:
  6. This is also an optional benefit that you can select when purchasing the policy. Under this benefit, on the death of the life insured, the fund value is paid out in instalments during the last 5policy years instead of a lump sum amount at maturity. This payout in instalments can be used to support the child’s education related annual expenses.

  7. Guaranteed loyalty additions to boost savings:
  8. To boost your investments, we attach loyalty additions to your policy at the end of the 10th policy year and at the end of every 5 years thereafter. So stay invested and gain.

  9. Tax Benefits:
  10. With Wealthsurance Future Star, you can enjoy tax benefits under 80(C ) and 10(10D) of the Income Tax Act, 1961

You can make you own Wealthsurance® Future Star Insurance Plan by the following 3 simply steps:

  1. Choose your premium amount, policy term and premium payment term
  2. Choose how you would like to manage your investments: You can leave the entire management of funds to us and you can even benefit by opting for the Systematic Allocator. Alternatively, you can also choose to manage your investments by yourself. Please refer to the graph below for working of Systematic Allocator.
  3. You may opt for additional death benefits:
    1. Wealth Care Switcher: On the death of the policy owner, funds switch to the Systematic Allocator facility. This ensures that accumulated corpus is well managed for growth and is not exposed to the market risk as it approaches maturity.
    2. Education Support Benefit: On the death of the policy owner, the fund value is paid out in instalments during the last five policy years instead of a lump sum amount at maturity. These instalments can be used to support the child’s educational need. The instalment pay-outs are tabulated below for reference
      Balance period to end of term Instalment amount
      4 years 20% of fund value on that date
      3 years 30% of fund value on that date
      2 years 40% of fund value on that date
      1 year 50% of fund value on that date
      End of Term Remaining fund value

The policyholder may select either of the option or both the options at policy inception. There is no additional charge to opt for these benefits

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. Please consult your tax advisor for details. 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 Future Star Insurance Plan (UIN: 135L038V01) 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 (IRDA 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.

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.

  • 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. Premium SMS charges apply.
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