Life Protection Insurance Plan

IDBI Federal Termsurance Life Protection Insurance Plan (hereinafter referred to as Termsurance Life Protection) is a non-linked, non-participating insurance plan that enables you to protect your family in case of an eventuality. It ensures that your family’s dreams remain secure, no matter what!

Key Features

  • Choose the policy term according to your age and needs. Besides with age, your responsibilities and liabilities also keep changing. Which is why, we have built in flexibility in the policy term of the plan. You can opt for any term between 10 years and 30 years.
  • Choose from regular or single premium payment option. You can opt for a single lump-sum premium payment or a regular premium payment for the policy term that can be easy on your wallet. For your convenience, we have provided all premium payment modes: yearly, half-yearly, quarterly and monthly.
  • If you’re a woman, we have good news. We offer a premium discount for women. This means you pay lower charges for the same amount of cover
  • This plan covers you through the policy term. In case you live till the end of the policy term, your premiums are returned* to you. In case of an eventuality during the policy term, your family gets the Death Benefit


  • Maturity Benefit
No Maturity Benefits available under this plan
  • Death Benefit
Under this option, in case of death of the insured person during the term of the policy, the death benefit is paid to the beneficiary and the policy is terminated
  • 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 60 years
MATURITY AGE 28 years 70 years
POLICY TERM 10 years 30 years
Premium Payment Frequency Single, Annual, Half-yearly, Quarterly and Monthly
Sum Assured Rs.500,000 No limit

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