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!

Key Features

  • 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
  • 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.
  • 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.
  • 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


  • Maturity Benefit
The maturity benefit is equal to the fund value in your Investment Account on the date of maturity. Upon payment of the maturity benefit, your Wealthsurance Future Star plan gets terminated
  • Death Benefit
In the event of an unfortunate death of the life insured, all future premium payable are waived off the following benefits come into force:
1) The Sum Assured is paid out as a lump sum amount;
2) All future premiums payable (if any) are waived off and additional units for an amount equal to the sum of all future premiums are credited to the chosen investment fund(s) in a single Lumpsum. The fund value in the Investment Account continues to grow as planned and is paid at the end of the policy term as chosen by the insured person at the time of policy purchase
  • Tax benefit
Tax benefits are subject to conditions specified under section 10(10D) and section 80C of the Income-tax Act, 1961. Tax laws are subject to amendments from time to time. Customer is advised to take an independent view from tax consultant. Service Tax & Cess, as applicable shall be levied over and above premium amount shown here as per applicable tax laws.

Am I eligible?

ENTRY AGE 18 years 54 years
AGE OF MATURITY 28 years 64 years
SUM ASSURED Sum Assured is fixed as per the below criteria
For insured person of age below 45 years:
Higher of:
• 10 times the annual premium
• 0.5 x policy term x annual premium
For insured person of age 45 years and above:
Premium Payment Term less than 8
Higher of
• 7 times Annual Premium
• (0.25 * Policy Term* Annual Premium)
Premium Payment Term equal or greater than 8: Higher of
• 10 times Annual Premium
• (0.25 * Policy Term* Annual Premium)
POLICY TERM 10 years 25 years
PREMIUM PAYMENT TERM 5 years Up to policy term
Premium Payment Frequency Annual

What if?

I am to unable to pay premium

  • Grace period of 30 days will be provided and you should pay the premium with in the specified time period.

I want to take a loan

  • No Such option is available under this policy