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Incomesurance Guaranteed Money Back Insurance Plan 6 pay
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IDBI Federal Incomesurance Guaranteed Money Back Insurance Plan 6 pay (UIN 135N046V01).

Looking for avenues to save your hard earned money in times of unpredictable financial markets and global financial crisis? Seeking financial opportunities that secure your capital and offer guaranteed* returns to fulfil your goals?

*Conditions Apply

Presenting IDBI Federal Incomesurance Guaranteed Money Back Insurance Plan 6 pay, savings tools that will make you achieve your goals with its ‘systematic and steady’ approach and assurance of guaranteed income. The plan requires you to pay for the first 6 years of the plan and then reap guaranteed returns in the last 6 years. Plus it comes with a life cover and critical illness feature for the entire policy term of 13 years, to keep your family’s dreams financially secure in uncertain and unfortunate faces of life.

Saving your money in IDBI Federal Incomesurance Guaranteed Money Back Insurance Plan 6 pay (hereinafter referred to as Incomesurance 6 pay) is a good way to keep it secure and help it grow. Read along to find out how this plan works and the benefits it offers.

*Going further we will refer to this plan as ‘Incomesurance 6 pay’ for ease of reading

IDBI Federal Incomesurance Guaranteed Money Back Insurance Plan 6 pay is a money-back plan that gives you the confidence of guaranteed income .

You pay for 6 years and start reaping the benefits from the 7th year onwards

Additionally, you can also guarantee a secure future for your family even when you are not around


Minimum Maximum

Age at entry(as on last birthday)

10 years* 50 years

Age at maturity(as on last birthday)

23 years 63 years


Rs. 35,000 Rs. 20,00,000

Premium payment term

Fixed – 6 years

Policy Term

Fixed – 13 years

Premium Payment Mode


*Policies on lives of minors can be taken only by parents / grand-parent/legal guardian

  • Pay only for the first 6 years of the policy:
  • With Incomesurance 6 pay you pay premiums for the short and defined duration of 6 years only, and then reap the benefits.

  • Enjoy guaranteed annual returns from the 8th to the 13th year of the policy:
  • You start reaping the benefit of your savings from the end of the 8th policy year in the form of guaranteed annual pay-outs, up to the end of 13th policy year. These pay-outs are expressed as a percentage of your annualized premium (excluding applicable taxes and extra underwriting premium) and depend on your age at entry. This is explained in further detail under ‘How Incomesurance 6 pay Works’ section.

  • Protect your family with a life cover of 13 years:
  • Incomesurance 6 pay comes with a life insurance cover for the entire policy term of 13 years provided the policy is inforce. So you can also rest assured that your family’s future will be financially secure under all circumstances

  • Get comfort with protection offered by Critical Illness Benefit:
  • In an age of growing health concerns and uncertainties, Incomesurance 6 pay also offers you a financial refuge against a pre-defined list of serious health related conditions with its Critical Illness Benefit that comes to you as inbuilt benefit. In the unfortunate scenario of the life insured being diagnosed with a critical illness:

    a: A lump sum amount is paid out to help in treatment and other expenses; subject to completion of survival period of 30 days from the diagnoses of critical illness.

    b. Plus the life cover continues till the end of the policy term

    c.No further premiums are payable under the plan

    d.Please refer ‘How Incomesurance 6 pay Works’ section for further details.

  • You may avail 2 tax benefits of 80C and 10(10D):
  • Incomesurance 6 pay also helps you avert taxes eating into your hard-earned money:

    a.Deduction under section 80C: The premiums that you pay are eligible for deduction under section 80C of the Income Tax Act, 1961. For the Financial year FY 2016 – 17 deduction can be claimed under Section 80CCE up to Rs. 1,50,000 for the total payments, contributions made under Sections 80C, 80CCC and 80CCD.

    b.Tax-free benefits under section 10(10D): The benefits received under the plan are tax-free under section 10(10D) of the Income Tax Act, 1961.

    Please note that tax laws may change from time to time. Consult your tax advisor for determining the Tax benefits applicable to you.

Incomesurance 6 pay is devised to offer you a simple and secure way of growing your wealth. Plus it comes loaded with insurance benefits to help you keep your loved ones financially secure in the unfortunate situations like death or critical illness.

Here we explain the working of this plan in easy-to-understand pointers, complete with details:

1.You start by choosing the amount that you would want to pay as premium each year.

2. You pay premiums for the first 6 years of your policy only

3.Enjoy the benefits of the policy

A. Survival Benefit: You start receiving regular annual returns from the end of the 8th policy year up to the 13th and final policy year. These guaranteed annual returns depend on two factors:

a.The annualized premium (exclusive of applicable taxes and extra underwriting premium) that you pay.

b. Your age, as on last birthday, when you purchase the policy

B. Death benefitThis benefit is paid in the unfortunate scenario of death of the life insured at any time during the policy term of 13 years. Provided, this benefit will be payable only if the policy is inforce. The death sum assured paid out to the beneficiary would be the highest of:

o Guaranteed Sum Assured on maturity (Maturity Sum Assured)*

o 10 times of annualized premium (excluding extra underwriting premium)

o 105% of all premiums paid (excluding extra underwriting premiums)

o Basic Sum Assured (An absolute amount of 10 times premium, including extra underwriting premiums)

*There is no guaranteed sum assured payable on maturity. The last GAP payment will be made on survival to maturity

Survival Benefit or Critical Illness Benefit already paid, if any, will not be deducted from the Death Sum Assured.

C. Illness Benefit: This benefit comes in play if the life insured is diagnosed with a critical illness from a list of pre-defined critical illnesses covered under this benefit. In such case a lump sum amount is paid out to help with the treatment expenses

o During Premium Paying Term: CI Benefit = GAP x No of premiums paid

o After Premium Paying Term: CI Benefit = (GAP x No of premiums paid) – Sum of GAPs paid till date of claim (if any)

No further GAPs will be paid under the policy after the critical illness benefit is paid out. However the life cover continues till the end of the policy term. No further premiums are payable and no further survival benefits are paid out

IDBI Federal Incomesurance Guaranteed Money Back Insurance Plan 6 pay is non-linked, non-participating insurance plan and no benefits other than those indicated in this brochure are payable. This product does not participate in the profits of the Company. Substandard lives will be charged extra premium. This product is underwritten by IDBI Federal Life Insurance Company Limited (Regn. No 135; Corporate Identity Number (CIN) – U66010MH2007PLC167164) having its registered office at: 22nd Floor, A Wing, Marathon Futurex, N M Joshi Marg, Lower Parel - East, Mumbai 400013. UIN 135N046V01 Tax Benefits are as per the Income Tax Act, 1961 and are subject to changes in the tax laws from time to time.

  • Visit any branch of IDBI Bank, Federal Bank or IDBI Federal Life Insurance Co Ltd. Visit your nearest branch
  • Call us on Call our nationwide toll free number 1800 209 0502 from Monday to Saturday at any time between 8 am to 8 pm.
  • SMS ‘INCOME’ to 5757515 and we will call you back
  • Email us at:
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