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Incomesurance™ Guaranteed Money Back Insurance Plan
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Incomesurance™ Guaranteed Money Back Insurance Plan (UIN No. 135N031V01)

Life is full of uncertainties, and as a result we always try and predict what lies in store in the future, so we can be prepared. However, our minds are always full of doubts as there is no way to guarantee the future. Incomesurance Guaranteed Money Back is a plan which will enable you to stop predicting the future, and guarantee it instead!

IDBI Federal Incomesurance™ Guaranteed Money Back Insurance Plan (UIN No. 135N031V01) is a non-linked non-participating money back plan which gives you guaranteed* returns on your investment, so that you stop worrying about the future. With Incomesurance, you can guarantee a secure future for your family even when you are not around.

Age at entry of life insured (last birthday) Min 18 years
Max 55
Age at maturity of the life insured (last birthday) Max 65 years
Death sum assured Fixed 10 times of Annual premium
Premium Min Rs.20,000
Max Not applicable
Premium payment period Fixed 5 years
Policy term Fixed 10 years
Survival benefit   Guaranteed annual payouts are paid at the end of every year from the 6th to the 10th policy year

* Conditions apply

  • Guarantee as it should be
  • At the time of buying Incomesurance, you know exactly how much you will get as guaranteed annual payouts.

  • Limited premium payment term
  • You pay premiums only for the first 5 years of the policy.

  • Guaranteed annual payouts
  • You will receive guaranteed annual payouts at the end of each year from the 6th to the 10th policy year. These payouts are a defined percentage of your annual premium* depending on your age at entry.

  • Flexibility to choose premium amount as per your needs
  • You can decide the premium amount based on how much money you want as guaranteed annual payouts from the 6th to 10th year of the policy.

  • Financial protection against uncertainty
  • In case of the unfortunate death, your family will get 10 times the annual premium* as death benefit regardless of any payouts received by you in the past.

  • Two tax benefits
  • You get tax benefit of Section 80(C) of the Income Tax Act, 1961 on premiums paid towards Incomesurance. The payouts you receive are also tax free under Section 10(10D) of the Income Tax Act, 1961. Please consult your tax advisor for more details.

  • Loan facility
  • Loan amount granted will be limited to 85% of Guaranteed Surrender Value available under the policy subject to a minimum loan amount of Rs 5000.

  • In case of financial emergency
  • You have the option to surrender the policy in case of a financial emergency after you pay 2 annual premiums from the date of commencement of your policy.

  • Exclusive funds for your loved ones
  • You can create an exclusive fund for your loved ones by endorsing your policy under the Married Women Property Act, 1874. These funds are legally protected from creditors and claimants.

    For more information on plan benefits, please refer to the product brochure.

    *(Excluding service tax, education cess and extra mortality charges)

Guaranteed annual payouts are a defined percentage of your annual premium, based on your age at entry. The table given below shows the rates corresponding to age:

Age Payout Age Payout
18-30 138% 47 131%
31-36 137% 48 131%
37-39 136% 49 130%
40 135% 50 130%
41 135% 51 130%
42 134% 52 128%
43 134% 53 128%
44 133% 54 127%
45 133% 55 126%
46 132%  

Insurance is the subject matter of solicitation. IDBI Federal Incomesurance Guaranteed Money Back Insurance Plan is a non-linked non-participating insurance plan (UIN: 135N031V01). The product is underwritten by IDBI Federal Life Insurance Company Limited (IRDAI Regn. No 135) 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. Toll free number: 1800 209 0502 from Monday to Saturday between 8 am and 8 pm. Tax Benefits are as per the Income Tax Act, 1961 and are subject to changes in the tax laws from time to time. For more details on risk factors, please read sales brochure carefully before concluding a sale.

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