Savings Insurance Plan (Endowment Type )

Understanding Of IDBI Federal Lifesurance Savings Insurance Plan

Opportunity, Satisfaction And Responsibility

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Savings Insurance Plan (Endowment Type )

IDBI Federal Lifesurance

Gives You .
Choice of Policy Term

Benefits
Guaranteed additions at the rate of Rs. 50 per 1000

Choice of Premiums
Surrender Value Guaranteed Surrender Value Special Surrender Value Premium Advantage for Women Loans Available Lapse and Reinstatement

Reversionary bonuses + Interim bonus

Terminal bonus

On maturity, 100% sum insured + vested guaranteed additions for first 5 years + vested revisionary bonuses declared from 6th year onward + terminal bonus
Deduction under Sec 80C Tax-free Benefits under Sec 10(10D)

Opportunity, Satisfaction And Responsibility

Copyright CustBase Corporation, 2011 | All rights reserved

Savings Insurance Plan (Endowment Type )

Eligibility

Opportunity, Satisfaction And Responsibility

Copyright CustBase Corporation, 2011 | All rights reserved

Savings Insurance Plan (Endowment Type )

How does Lifesurance work?

Opportunity, Satisfaction And Responsibility

Copyright CustBase Corporation, 2011 | All rights reserved

Savings Insurance Plan (Endowment Type )

Important Points
Choice of Policy Term :
Flexibility to choose between four policy terms - 10, 15, 20 or 25 years

Advantage Women:
Lifesurance offers an additional premium discount for female insured persons. The basic premium payable for a female policyholder will be equivalent to the premium for a corresponding three-year younger male policyholder.

Choice of Premiums :
Minimum
terms Premium Payment Term is 5 years for policy of 15, 20 and 25 years.

Minimum premium payment term is 6 years for a policy term of

10

years.

Minimum premium amount is Rs. 20,000 for annual installments, Rs. 10,000 for half-yearly installments, Rs. 5,000 for quarterly installments and Rs. 2,500 for monthly installments.

Decision ???
Not a very convincing insurance policy, due to the way the Bonus is shared. Bonus is shared only after the 5th year completion, this means policy owner is losing money for the first 5 years. The insurance plan does not guarantee any Terminal bonus, which will be paid at the end of the policy term. This is optional, so if the insurance fund doesnt perform you miss the bonus. The annual premium is also high compared to other insurance plans which start at a low rate.

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Disclaimer: Please visit www.idbifederal.com for any updates or questions related to the presentation. This is a reference presentation, and CustBase Corporation is not responsible for any loss or investment decision in any way.