IDBI iSurance Online Term Insurance Plan

What is the Plan all About?

Term plan is a pure protection plan as it provides financial security to your family when you are not there. With IDBI Federal iSurance Online term Insurance plan, you can make your family financially secure in the event of a mishap. iSurance online term plan is a simple, affordable, and a comprehensive life insurance plan to ensure your family can easily meet expenses such as daily household expenses, child’s education & marriage, medical expenses and emergencies, and other liabilities such as loans.

What are the Key Features?

Big Life cover at small premium amount

Avail Accidental Death Benefit

Medical Test at your door steps

Hassle free online buying

Special Discounts for high sum assured

Special Discounts for women

What are the Plan benefits?

Death Benefit

In the event of the death of life insured during the policy term, the beneficiary is entitled to receive the higher of one of the three amounts as mentioned below:

Life cover, as specified in your policy schedule;
105% of all the premiums paid (as on the date of death);
10 times of the annual premium amount (for less than 45 years of age) or 7 times the annual premium amount (for 45 years of age or above).

Who can Buy the Plan?

Feature	Specification
Age (as on last birthday)	Minimum: 18 Years Maximum:50 Years
Age at Maturity	75 Years
Policy Tenure	Minimum: 10 Years Maximum: 25 Years
Sum Assured	Minimum: 50 Lacs Maximum: Rs.30 crores (subject to underwriting)
Premium Paying Term	Regular Pay Years
Premium Paying Mode	Annually
Maturity Proceeds	Nil
Plan Type	Online
Grace Period	30 days

Is any Rider Available with this Plan?

Accidental Death Benefit (ADB)

In addition to the life cover, you also have the option to opt for the accidental death benefit rider. He benefits of this rider are given in case the insured dies of an accidental death during the policy term.The maximum ADB cover can be equal to the life cover.

Premium Illustration

Sample illustration of the Premium Amount for an individual of age 25, 30 and 35 years, opting for a Life Cover of Rs. 50 lacs or Rs. 1 crore as Sum Assured and 25 years as Policy Tenure.

	25 years	30 years	35 years
Sum assured = Rs. 1 crore	Rs. 5,766	Rs. 7,380	Rs. 10,397
Sum assured = Rs. 50 lacs	Rs. 3,169	Rs. 3,977	Rs. 5,485

(Note: Premium amount is for a non smoker individual keeping good health conditions at the time of buying this insurance plan)

Is the Plan, eligible for Tax Benefit?

IDBI Federal iSurance Online term Insurance plan is eligible for Tax benefits as stated:

Premiums paid, qualify for tax benefits as per Section 80C of the Income Tax Act, 1961.
Death benefit(s) are entitled for tax benefits as per Section 10 (10D) of the Income Tax Act.

(Subject to the provision stated therein.)