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Wealthsurance® Growth Insurance Plan
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IDBI Federal Wealthsurance® Growth Insurance Plan (UIN:135L036V01)

As a smart and dynamic individual, you have always charted your own path through life. So when it comes to investing your hard-earned money, you definitely want to stay in complete control.

Presenting, IDBI Federal Wealthsurance Growth Insurance Plan (hereafter referred to as Wealthsurance Growth), which lets you build your wealth, exactly the way you want. With this plan, you get complete flexibility in steering your investments, basis your financial goals in life. What’s more, your family stays financially secured with a life cover!

The IDBI Federal Wealthsurance Growth Insurance Plan is a regular premium unit-linked insurance plan. A plan that gives you freedom to decide how much you want to invest and for how long you want to stay invested. With a bouquet of 9 fund offerings, it gives you the freedom to invest in one or more funds, basis your risk appetite and financial goals in life. Plus it comes with a life cover benefit that ensures financial security for your loved ones. In a nutshell, a smart investment plan that helps you design your investments, your way!

Age at entry Minimum 1 month completed
Maximum 64 years
Age at maturity Minimum 18 years
Maximum 74 years
Policy Term (PT)* Minimum 10 years (in multiples of 5 thereafter)
Maximum 30 years
Premium Payment Term (PPT) Minimum 5 years
Maximum Up to the policy term
Premium amount
Minimum Rs. 25,000/- annually
Maximum Rs. 95,000/- annually subject to underwriting approval
Sum Assured Minimum For ages at entry below 45 years:
Higher of:
  • 10 X annualised premium
  • (0.5 X PT X annualised premium)
For ages at entry 45 years and above:
Higher of:
  • 7 X annualised premium
  • (0.25 X PT X annualised premium)
The minimum sum assured under the policy is Rs 1, 75,000
Maximum For ages at entry less than 54 years:
  • PPT X 2 X annualised premium subject to a maximum of 15 X annualised premium
For ages at entry 54 years and above:
  • If PPT is greater than 7:
    10 X annualised premium
  • If PPT is less or equal to 7:
    7 X annualised premium

All ages are as per last birthday

*Note: In case of policies where the life assured is a minor:

  • Risk commences on the policy commencement date

  • The minimum policy term is 10 years or (18 years less entry age of child insured) in multiples of 5, whichever is higher e.g. if a child is aged 4 years the minimum term is 18-4 =14, rounded to the next multiple i.e. 15 yrs.

Wealthsurance Growth comes with a range of benefits that help you maximize returns on your investments:

  • Choose how much you want to invest and for how long
  • Wealthsurance Growth lets you choose how much you want to invest, the duration for which you want to pay and for how long you want to stay invested. A plan designed by you, for you!

  • Manage your investments as per your risk appetite
  • IDBI Federal Investment Basket gives you the choice of 9 funds to invest in based on your risk profile and return expectations. You can either manage it yourself or leave it to us without any additional charges. In case you choose to manage your funds on your own, you can switch your investment between funds. The switches are free of cost.

  • Get guaranteed loyalty additions to boost your investment
  • At the end of the 10th policy year and every 5 years thereafter, you get guaranteed loyalty additions as a reward for staying invested in the plan. For more details on guaranteed loyalty additions, please refer the product brochure.

  • Life Cover benefit to financially secure your loved ones
  • In case of an unfortunate event of your demise, your nominee will get the death benefit which is the higher of the sum assured or the fund value at that time. The death benefit will always be at least 105% of the total premium amount paid.

  • Get tax benefits on the premiums paid as well as the benefits received
  • Tax benefits under section 80 C and 10(10D) are applicable as per provisions of the Income Tax Act, 1961. You are advised to consult your tax advisor for details. Please note that tax laws may change from time to time. For more information on tax benefits and terms & conditions, please refer to the product brochure.

Wealthsurance Growth works in a very simple way. The investment that you make towards your policy is managed by way of two accounts - a. Investment Account and b. Insurance Account.

  1. My Investment Account:
    • The premium that you pay (less applicable charges) is invested into the funds chosen and in the proportion as specified by you. IDBI Federal Investment Basket offers you 9 fund options to choose from, which helps you make an investment decision as per your risk appetite.
    • The balance in your investment account reflects the wealth built over time from your premium contribution and the returns generated from the investment options chosen by you.

  2. My Insurance Account:
    • You can choose the sum assured amount depending upon the amount of life cover you want for your family. It is a percentage of your premium payment. The charges for this benefit are deducted from your investment account.

IN THIS POLICY, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. The Linked Insurance Products do not offer any liquidity during the first five years of the contract. 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.

Insurance is the subject matter of solicitation. For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale. Trade Logo displayed above belongs to IDBI Bank Limited, The Federal Bank Limited and Ageas International Insurance N. V. and used by IDBI Federal Life Insurance Company Limited under license from respective partners. Tax Benefits are as per the Income Tax Act, 1961 and are subject to changes in the tax laws from time to time. IDBI Federal Wealthsurance Growth Insurance Plan is a Unit Linked Insurance Plan. Unit Linked Life Insurance products are different from traditional insurance products and are subject to the risk factors. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospectus and returns. The premiums paid in these policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. IDBI Federal Life Insurance Company Limited and IDBI Federal Wealthsurance Growth Insurance Plan (UIN : 135L036V01) are only the names of the insurance company and linked insurance contract respectively, and do not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges from your Insurance Agent or the Intermediary. The product is underwritten by IDBI Federal Life Insurance Company Limited (IRDAI Regn. No 135; Corporate Identity Number (CIN) - U66010MH2007PLC167164) having its registered office at: IDBI Federal Life Insurance Company Limited, 22nd Floor, A Wing, Marathon Futurex, N. M. Joshi Marg, Lower Parel (East), Mumbai 400013, India.


IRDAI clarifies to public that:

  • IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums.

  • IRDAI does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.

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