LifeSurance Saving Plan

IDBI Federal Lifesurance Savings Insurance plan - a fixed term non-linked participating endowment plan that provides you with the twin benefits of long-term savings and life cover

Key Features

  • Lump sum payout at Maturity
  • Lifesurance gives you the benefit of guaranteed additions that safeguards your investment. In the first 5 years of the policy, you get guaranteed additions at the rate of Rs. 50 per Rs. 1,000 of maturity sum insured, for each full annual premium paid when due
  • From the 6th policy year, your Lifesurance policy will receive reversionary bonus which will be accrued to your policy at the end of each policy year. If your policy has any terminal bonus, it will be paid out at maturity or on death.
  • You have the freedom to choose the right combination of policy term and premium payment term as per your needs
  • Lifesurance offers an additional premium discount for female lives. The premium payable for a female policyholder will be equivalent to the premium for a corresponding 3 year younger male policyholder.


  • Maturity Benefit
  • Maturity sum insured, plus
  • Vested guaranteed additions, plus
  • reversionary bonuses, if any plus
  • Terminal bonus, if any. The benefits mentioned above are paid out to you only if you have paid all the due premiums in full when due..
  • Death Benefit
On the death of the life insured during the policy term, we pay out
  • Death sum insured, plus
  • Vested guaranteed benefits, accrued till date of death plus
  • Vested reversionary bonuses, accrued till date of death plus
  • Interim bonus, if any, plus
  • Terminal bonus, if any.
  • 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 55 years
MATURITY AGE - 75 years
POLICY TERM 10 years 25 years
Premium Payment Frequency Annual, Semi- Annual, Quarterly and Monthly

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

  • Such option is available under this policy