This is what we offer with the plan

  • Benefits

    Maturity benefit

    Since this is a term insurance plan, there is no Maturity Benefit under this policy.

  • Benefits

    Death Benefit

    On death of the insured person, provided the policy is in force and all due premiums have been paid in full; the beneficiary would be paid the Death Benefit as illustrated below:

    • Lump sum Benefit: 12 times of Monthly Income as on the date of death.
    • Increasing Monthly Income Benefit: Monthly Income as on the date of death will be paid for the outstanding policy term subject to a minimum of 5 years, increasing at a simple rate of 5% every year. It will continue to increase annually at same rate after Policy Term in case Increasing Monthly Income Benefit paid beyond the policy term. Increasing Monthly Income Benefit cannot be commuted as a lump sum.


    Death Benefit will be subject to higher of:

    The total of Lump Sum Benefit and Increasing Monthly Income Benefit shall not be less than highest of:

    • 10 times of Annualized Premium,
    • 105% of Total Premiums Paid as on date of death,
    • Minimum Guaranteed Sum Assured on Maturity (Maturity Sum Assured),
    • Any absolute amount assured to be paid on death.
  • Benefits

    Tax Benefit

    Tax benefits# on premiums paid and benefits received:

    You may be eligible for tax benefits (u/s 80C) for the premiums paid, and (u/s 10 10D) for the benefits received under the policy as per prevailing tax laws.

    #Tax Benefits are as per the Income Tax Act, 1961 and are subject to changes in the tax laws from time to time. IDBI Federal Life Insurance Company Ltd. does not assume responsibility on tax implication. Please consult your own tax consultant to know the tax benefits available to you.

Sample Policy DocumentDownload

Know the eligibility for this plan

Go Back
25 years (Min) |60 years (Max)
70 years (Max)
Rs. 15,000/- per month (Min)|No limit, subject to Underwriting (Max)
10 years (Min) |30 years (Max)
Regular / Limited Options |10/15/20 years
Yearly and Monthly1
1 A modal loading factor of 0.09 for monthly mode is applicable.
I am years old
I would like a return of Lakhs
At the end of years

You are eligible.

You are not eligible.

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