IDBI Federal POS Guaranteed Saving Insurance Plan and Policy
IDBI Federal POS Guaranteed Saving Insurance Plan and Policy -
Get a single premium plan that ensures guaranteed returns.
- Pay premiums once and get life cover for 7 years
- Enjoy guaranteed benefit irrespective of market conditions
- Get benefit as lump sum on maturity
Pay premium once and get life cover for 7 years
With POS Guaranteed Plan, you pay premium only once and get life insurance protection for 7 years.
Enjoy Guaranteed Benefit irrespective of market conditions
You get guaranteed maturity amount at the end of the 7th year, irrespective of market conditions. The payout is expressed as a percentage of your single premium (excluding applicable taxes) and depends on your age at entry and premium amount.
Get benefit as lump sum on maturity
In this plan, you pay premium only once and then allow your investments to nurture with guaranteed returns till maturity. You will receive your maturity amount as lump sum at the end of the 7th year.
Get tax benefits of Sec 80C and Sec 10(10D)
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.
Maturity Benefit - IDBI Federal POS Guaranteed Saving Insurance Plan and Policy
Policyholder will receive Maturity Sum Assured on survival at the end of the policy term. This is a defined percentage of the single premium payable and depends on the age at entry of the life insured and the premium amount. On this payment, the policy shall terminate.
Death Benefit - IDBI Federal POS Guaranteed Saving Insurance Plan and Policy
On the death of the insured person before the maturity date and while the policy is in force, the beneficiary will receive Death Sum Assured, subject to the waiting period. The Death Sum Assured is 10 times of Single Premium excluding taxes, if any. Waiting period is first 90 days from the date of commencement of policy. On payment of Death Benefit, the policy will terminate.
IDBI Federal Life Insurance POS Guaranteed Plan (UIN: 135N049V01) is a non-linked, non-participating insurance plan.
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