Future Star Insurance Plan

IDBI Federal Wealthsurance Future Star Insurance Plan is a unit-linked insurance plan that enables you to fulfil your child’s dreams. This plan with its exclusive ‘waiver of premium’ benefit ensures that the plan continues even in the case of an eventuality and provides the maturity benefit as you had initially planned.

Key Features

  • Wealthsurance Future Star is designed with triple benefits to help you secure your child’s future in the unfortunate event of death.
  • You will have to opt for this benefit at the time of purchasing the policy. This benefit would trigger in case of death of the life insured. Under this benefit, as the policy approaches maturity, we would transfer the funds from equity (high risk) to debt (low risk) in a pre-defined manner
  • This is also an optional benefit that you can select when purchasing the policy. Under this benefit, on the death of the life insured, the fund value is paid out in instalments during the last 5policy years instead of a lump sum amount at maturity
  • To boost your investments, we attach loyalty additions to your policy at the end of the 10th policy year and at the end of every 5 years thereafter. So, stay invested and gain.


  • 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 is 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
  • 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
MATURITY AGE 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 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