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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IDBI Federal iSurance Flexi Term Insurance Plan Called as iSurance Flexi Term (UIN: 135N044V01) is a non linked,non participating term life insurance plan. Tax Exemption 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. For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale. The product is underwritten by IDBI Federal Life Insurance Company Limited (IRDAI Regn. No 135; Corporate Identity Number (CIN) - U66010MH2007PLC167164) having its registered office at: IDBI Federal Life Insurance Company Limited, 22nd Floor, A Wing, Marathon Futurex, N. M. Joshi Marg, Lower Parel – East, Mumbai – 400013. Website: www.idbifederal.com. Toll Free: 1800 209 0502. Trade Logo displayed above belongs to IDBI Bank Limited, The Federal Bank Limited and Ageas International Insurance N. V. and used by IDBI Federal Life Insurance Company Limited under license from respective partners.

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS / FRAUDULENT OFFERS.

IRDAI clarifies to public that:

- IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums.

- IRDAI does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.

Reference No. 13439/LIFT/ENG/Electronic-WEB/Nov16

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