IDBI Federal Termsurance Life Protection Insurance Plan

It is a non-linked, non-participating insurance plan that protect the family in case of an eventuality. 

 

Why Termsurance Life Protection Insurance Plan?

Termsurance Life Protection comes with the following benefits:

 

Pure Protection Option:
This plan covers through the policy term and in case of an eventuality, the family gets the Death Benefit.

 

Return of Premium on Maturity Option:
This plan covers through the policy term. In case the policyholder lives till the end of the policy term, the premiums are returned. In case of an eventuality during the policy term, the family gets the Death Benefit.

 

Policy term to suit your life stage
Insured has to choose the policy term according to the age and needs. Besides with age, the responsibilities and liabilities also keep changing. Which is why, the company has built in flexibility in the policy term of the plan. One can opt for any term between 10 years and 30 years.

 

Premium payment options
One can choose from regular or single premium payment option. One can opt for a single lump-sum premium payment or a regular premium payment for the policy term that can be reasonable. For convenience, the company has provided all premium payment modes: yearly, half-yearly, quarterly and monthly.

 

Attractive discounts
Avail of premium discounts, and get more out of the plan.

 

Advantage Women
The company offers premium discounts for women. This means the insured has to pay lower charges for the same amount of cover.

 

High Sum Assured Discount
The company is offering an attractive premium discount structure. Discounts are given if the Sum Assured is Rs.10 lacs or above.

 

Tax Benefits:
With Termsurance Life Protection, one can enjoy tax benefits under section 80C and section 10(10D) of the Income Tax Act, 1961.

Eligibility: