IDBI Federal Life Term Insurance Plan

IDBI offers quite lucrative term plans in the market which provide financial assistance to the families of the policy holder on the event of death of the policy holder. The plans offered by IDBI are quite competitive and flexible.

Insurance Online Term Plan
  1. Term of Policy: the term for which the plan can be taken is 5 years however maximum is 30 years
  2. Riders: accidental death benefit rider can be taken for a maximum of Rs. 2 crore cover
  3. Premium payment terms: the premium payment term is same as the policy term which is chosen by the life insured
  4. Mode: annual
  5. Age of entry: minimum age of entry to the plan is 18 years and maximum entry age is 50 years
  6. Sum assured: the minimum sum assured for which the policy can be bought is Rs. 50 lakh however it can be bought for a maximum of 30 crores
  7. Premium amount: minimum premium amount is Rs. 2400.
  8. Benefits: death benefit
Term Insurance Life Protection
  1. Term of Policy: the term for which the plan can be taken is 10 years however maximum is 30 years
  2. Premium payment terms: it can be regular premium or single premium. The term of the policy is equal to the premium payment term
  3. Mode: annually, half yearly, monthly or quarterly
  4. Age of entry: minimum age of entry to the plan is 18 years and maximum entry age is 60 years
  5. Sum assured: the minimum sum assured for which the policy is Rs 10 lakh
  6. Premium amount: it is based on the age of the life insured and option of the plan chosen
  7. Plan options: option A is purely protection plan however plan B gives you the option of return of premium on maturity.
  8. Benefits: death benefit, return of premium on maturity for plan B, surrender value
Term insurance Sampoorn Suraksha
  1. Term of Policy: the term for which the plan can be taken is 5 years however maximum is 10 years
  2. Premium payment terms: the term of the payment of premium is either single or regular
  3. Mode: annual
  4. Age of entry: minimum age of entry to the plan is 18 years and maximum entry age is 55 years
  5. Sum assured: the minimum sum assured for which the policy can be bought is Rs. 5000 however it can be bought for a maximum of Rs. 50,000
  6. Premium amount: minimum premium amount is Rs. 100 for regular payment, Rs. 400 for single premium and the amount of premium needs to increase by the multiple of 100.
  7. Age when policy reaches maturity: the minimum such age id 23 years however maximum is 60 years
  8. Riders: accidental death benefit rider can be taken
  9. Benefits: death benefit, no maturity or survival benefit, surrender value of the plan
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