IDBI Federal iSurance Flexi Term Insurance Plan

You only live once!

This is an online term insurance policy that protects your family in case of your unfortunate death. Its flexible payout options help the nominee manage their lifestyle better.

Lump Sum with Conversion

Lump Sum with Conversion option

Offers life cover upto 80 years of age. In case of death of the insured, a one-time payout is made to the beneficiary.

The inbuilt conversion option for Cancer, Heart Attack and Stroke, comes at no extra premium.

In case the insured is diagnosed with any of the illnesses specified before the age of 65, he can choose to exercise the Conversion option and get a fixed percentage of the death benefit. This amount can be used to pay for special care and better treatment.

For a 30 year old healthy male (non-smoker) and a 30 year policy term, here is the premium :

Illustrative rate:

  • Life cover: Rs.1 Cr
  • Total premium payable: Rs.9016 annually

Total death benefit: Rs.1 Crore

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Lump Sum Increasing Monthly Benefit

Lump Sum + Increasing Monthly Income Benefit

You need not worry about rising costs if you choose this option. To help your nominees maintain their lifestyle, this policy increases the monthly income by 7.5% every year with a compounding effect. Now your policy is as smart as you.

For a 30 year old healthy male (non-smoker) and a 30 year policy term, here is the premium :

Illustrative rate:

  • Life cover: Rs.10 Lac + Rs.50000 per month for 15 years increasing @ 7.5% per year
  • Total premium payable: Rs.10546 annually

Total payout to nominee: Rs.1.66 Crore

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Lump Sum + Fixed Monthly Benefit

Lump Sum + Fixed Monthly Income Benefit

It pays a lump sum to help them pay off sudden and unexpected expenses such as credit card bills, EMIs on loans, and school fees. When their finances are more stable, it offers a fixed monthly income to help manage regular expenses

For a 30 year old healthy male (non-smoker) and a 30 year policy term, here is the premium :

Illustrative rate:

  • Life cover: Rs.10 Lac + Rs.50000 per month for 15 years
  • Total premium payable: Rs.7130 annually

Total payout to nominee: Rs.1 Crore

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Fixed Monthly Benefit

Fixed Monthly Income Benefit

When your family is financially dependent on you, it's good to have a policy that helps replace your income. You can choose to provide your nominees with a regular income for 15 years.

For a 30 year old healthy male (non-smoker) and a 30 year policy term, here is the premium :

Illustrative rate:

  • Life cover: Rs.60000 per month for 15 years
  • Total premium payable: Rs.7418 annually

Total payout to nominee: Rs.1.08 Crore

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