Product Information
Other Plans IDBI Federal Lifesurance® Savings Insurance Plan (Endowment Plan)
IDBI Federal Lifesurance® Savings Insurance Plan (UIN:135N029V01) is a fixed term non-linked participating plan that provides you the twin benefits of long-term savings and life cover. With Lifesurance Savings, your small savings will help you realise the big dreams that you have for yourself and your family. This plan also offers you the benefit of life cover that will provide financial security to your family in your absence.


  • Lump sum payout at Maturity
    1. At maturity, you receive maturity sum insured (guaranteed from the day of commencement of the policy), plus vested guaranteed additions, plus vested reversionary bonuses, plus interim bonus and terminal bonus (if any).
  • Guaranteed Additions to safeguard your savings
    1. 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.
  • Bonuses to boost your savings
    1. 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.
  • Flexibility to plan for your needs
    1. You have the freedom to choose the right combination of policy term and premium payment term as per your needs.
  • Double Protection – Accidental Death Benefit
    1. Your nominee will get an additional payout in the unfortunate event of an accidental death during the premium payment term.
  • High Sum Insured Rebate
    1. Lifesurance offers attractive premium discounts, if you opt for a maturity sum insured of Rs. 10 lac and above.
  • Advantage Women
    1. 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.
  • Exclusive funds for loved ones
    1. By endorsing your LIfesurance policy under Married Women’s Property Act, 1874, you can create an exclusive fund for your loved ones which is legally protected from creditors and claimants.
    2. Loans
      1. The policy has loan provision of upto 85% on the policy’s surrender value.
    3. Tax Benefits
      1. Lifesurance allows you to enjoy deductions under section 80C(of the Income Tax Act,1961) on all premiums paid. The maturity benefit and the death benefit are also tax-free under section 10(10D).(of the Income Tax Act,1961)
Age at entry (last birthday) Minimum Maximum
18 years 55 years
Age at maturity (last birthday) 75 years
Policy terms and premium payment terms available Policy term(s) Premium payment term(s) available
10 years

15 , 20, 25 years
Only 5 years premium payment term is allowed

Min: 5 years
Max: Equal to policy term
Premium payment frequency Yearly, half yearly, quarterly and monthly
Premium Minimum Maximum
Yearly Rs. 10,000, Half Yearly Rs. 5,000, Quarterly Rs. 2,500 and Monthly - Rs. 1,000 No limit (subject to underwriting)
Maturity sum Insured Minimum Maximum
Depends on age, premium payment and policy term No limit (subject to underwriting)
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