IDBI Federal Wealth Gain Retirement Plan and Policy
IDBI Federal Wealth Gain Retirement Plan and Policy -
Get waiver of premium on disability
In case of total and permanent disability of the life assured during the premium paying term provided the policy is in force, future premiums will be paid by the company on their respective due dates. Further, the life cover continues till end of policy term and guaranteed loyalty additions will continue to be added as scheduled.
Provides flexibility to manage investments
You stay in complete control of your investments with the flexibility to align them as per your needs and priorities; and also re-align them if and when you wish to do so. You have a choice of eight investment fund offerings that allow you to invest your money, switch between funds any number of times free of charge as per your risk-return appetite.
Receive guaranteed loyalty additions
Get rewarded for staying invested in the long term with guaranteed loyalty additions at the end of the 10th policy year and every 5 years thereafter. This is 1% of the average fund value in your investment account, in the last 36 months preceding the guaranteed loyalty addition date.
Maturity benefit - IDBI Federal Wealth Gain Retirement Plan and Policy
Maturity benefit is equal to the fund value including total guaranteed loyalty additions in your investment account on the date of maturity provided the policy is in force. Once the maturity benefit is paid out, the plan terminates.
Death Benefit - IDBI Federal Wealth Gain Retirement Plan and Policy
In case of death of insured person during the policy term provided the policy is in force, the Death Benefit will be paid to the beneficiary. Death Benefit payable shall be higher of Death Sum Assured, Fund Value or 105% of the Total Premiums Paid. On payment of Death Benefit, the policy will terminate and all rights, benefits and interests under the policy will stand extinguished.
Tax benefits - IDBI Federal Wealth Gain Retirement Plan and Policy
The policy offers tax benefits as applicable under section 80 C and 10(10D) as per provisions of the Income Tax Act, 1961. Tax benefits are subject to change in tax laws. You are advised to consult your tax advisor for details.
*Linked Insurance Products do not offer any liquidity during the first five years of the Plan. The Policyholder will not be able to surrender/withdraw the monies invested in linked insurance products completely or partially till the end of the fifth year.
Eligibility - IDBI Federal Wealth Gain Retirement Plan and Policy
The IDBI FederalWealth Gain Insurance Plan (UIN: 135L047V01) is a unit-linked insurance plan.
IDBI Federal Retirement Life Insurance Plans and Policy |
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| IDBI Federal Child Plans |
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| IDBI Federal Childsurance Saving Protection |
| IDBI Federal Wealthsurance Fuuture Star |
| IDBI Federal ULIP Plans |
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| IDBI Federal Childsurance Saving |
| IDBI Federal Wealthsurance Growth |
| IDBI Federal Wealthsurance Future Star |
| IDBI Federal Wealthsurance Growth Insurance Plan SP |
| IDBI Federal Retirement Plans |
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| IDBI Federal Wealth Gain |
| IDBI Federal Lifesurance Savings |
| IDBI Federal Wealthsurance Growth |
| IDBI Federal Wealthsurance Growth Insurance Plan SP |