IDBI Fedral ULIP Plans

Features and Benefits:

1. Flexibility to choose from a range of nine different fund offerings.
2. On maturity of the plan, the Fund Value can be availed via lump sum or in instalments over a 5 year period.
3. Loyalty additions are added at the end of the tenth policy year.
4. Flexibility to redirect premiums into other funds.
5. After the completion of 5 years, partial withdrawals are allowed.

2. Wealthsurance Growth Insurance Plan SP:

This plan is a one-time investment plan where the policyholder pays premium only once and is best suited for those who find it inconvenient to pay regular premiums. The plan secures your family with a life cover as well as providing you with returns on your investment.

Features and Benefits:

1. Since it is a single-pay plan, you pay the premium only once at the onset of the plan.
2. Flexibility to manage investments on your own or allow the company to manage them for you as per your risk profile.
3. This plan guarantees loyalty additions at the end of the fifth policy year.
4. After the completion of 5 years, partial withdrawals are allowed.
5. Flexibility to change between funds during the policy tenure.

3. Wealthsurance Suvidha Growth Insurance Plan:

This plan is designed to offer the policyholder a simple and easy way to build their wealth over a period of time and provide protection against financial uncertainty. The plan also offers life cover for the policyholder's family.

Features and Benefits:

1. This plan offers two options of managing funds. You can either manage them yourself or through the System Allocator, which gives you a balance between growth and safety.
2. Flexibility to choose the policy term and the duration for which you want to stay invested.
3. The plan allows you to choose how long you want to pay your premiums for.
4. Loyalty additions are guaranteed at the end of the tenth policy year.
5. Partial withdrawals are allowed at the end of the fifth policy year.
6. The plan offers the option to surrender the policy free of charge after the fifth policy year.
7. The maturity benefit and death benefit are tax free under Sec10(10D)

4. Wealthsurance Future Star Insurance Plan:

This plan is specially designed to protect you against financial uncertainty and ensure your child's future is secured. The plan comes with a unique 'waiver of benefit' feature that ensures the plan continues even in the case of an eventuality and provides the maturity benefit as planned initially.

Features and Benefits:

1. The plan is designed with a triple-benefit feature:
   1. The Sum Assured is paid out as a lump sum amount on death of the policyholder.
   2. All future premiums are waived off and an equivalent sum is invested by the company into the policy.
   3. The policy continues and is paid out on maturity.
2. Option of transferring the funds from high risk to low risk investments as the policy nears maturity.
3. In the event of the policyholder's death, the fund value is paid out in installments during
4. the last five years of the policy, which can be used to support the child's education.Loyalty additions are guaranteed at the end of the tenth policy year.

GST of 18% is applicable on life insurance effective from the 1st of July, 2017