IDBI Federal Life Insurance Company Limited

Registered Office : 1st Floor, Tradeview, Oasis Complex, Kamala City, P.B. Marg, Lower Parel (W), Mumbai - 400 013, India.
Registration Number : 135, Tel : +91 22 2490 8109/10, Website : www.idbifederal.com
Corporate Identity Number (CIN) U66010MH2007PLC167164

Benefit Illustration - IDBI Federal Lifesurance Whole Life Savings Insurance Plan

Application number:

(Product Unique Identification No - 135N035V01)

Sales channel:

Direct Sales Force

Some benefits are guaranteed and some benefits are variable with returns based on future performance of IDBI Federal Life Insurance Company Limited. If your policy offers guaranteed benefits then these will be clearly marked "guaranteed" in the illustration shown below. If your policy offers variable benefits then the illustration will show two different rates of assumed
future investment returns. The benefit illustration is based on projected gross investment rates of returns of 4% and 8% respectively. These assumed rates of return are not guaranteed and they are not the upper or lower limits of what you might get back as the value of your policy is dependent on a number of factors including future investment performance.

A. Personal details:

B. Policy details:
Guaranteed sum assured

Mr Rajiv

Ms Sneha

Accidental death benefit

NIL Amount of instalment premium

06 Jan 1986

24 Jul 1992

Premium payment term

15 Years Service tax on instalment premium:

29 Years

22 Years

Policy term

71 Years Total instalment premium:

Male

Female

Premium payment frequency:

Date of birth
Age
Gender

C. Policy benefits:

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15

Age at the start of

policy year

Annualised
Premium
(Rs)

10,746
10,746
10,746
10,746
10,746
10,746
10,746
10,746
10,746
10,746
10,746
10,746
10,746
10,746
10,746

Service tax
(Rs)

332
166
166
166
166
166
166
166
166
166
166
166
166
166
166

Total payment
(Rs)

11,078
10,912
10,912
10,912
10,912
10,912
10,912
10,912
10,912
10,912
10,912
10,912
10,912
10,912
10,912

10,746

Death Benefit*
(Rs)

Additional Accidental Death

benefit

Survival benefit**
(Rs)

(a)

(b)

(c)

112,460
117,460
122,460
127,460
132,460
132,460
132,460
132,460
132,460
137,833
149,116
160,400
171,683
182,966
194,250

0
0
0
0
0
0
0
0
0
0
0
0
0
0
125,000

Variable Benefits payable at the end of the year

Gross rate of return of 4%
Surrender value
(GSV)3
(Rs)

Death benefit*
(d)

10,891
23,362
29,553
35,328
41,164
50,837
61,519
73,244
86,004
99,838
114,740
130,755
22,882

170
340
510
680
850
1,020
1,190
1,360
1,530
1,700

Survival benefit**

Total Benefits at the end of the year

Gross rate of return of 8%

Gross rate of return of 4%

Gross rate of return of 8%

Death benefit*

Survival benefit**

Death benefit*

Survival benefit**

Death benefit*

Survival benefit**

(e)

(f)

(g)

(a+d)

(c+e)

(a+f)

(c+g)

1,700

9,090
18,180
27,270
36,360
45,450
54,540
63,630
72,720
81,810
90,900

90,900

112,460
117,460
122,460
127,460
132,460
132,630
132,800
132,970
133,140
138,683
150,136
161,590
173,043
184,496
195,950

126,700

112,460
117,460
122,460
127,460
132,460
141,550
150,640
159,730
168,820
183,283
203,656
224,030
244,403
264,776
285,150

215,900

56,000

174,850

174,850

225,250

225,250

71
99
169,250
169,250
5,600
5,600
56,000
THE ABOVE INTEREST RATES ARE ONLY FOR ILLUSTRATIVE PURPOSE.
The above tables should be read in conjunction with the important notes overleaf.
*Death Benefit shown in this column includes guranteed additions.
Enhanced Death Benefit (i.e. With Accidental death benefit) - In case of accidental death during the premium payment term, we will pay the amount shown under column b (Additional Accidental death benefit) in addition to the Death Benefit shown in the table above.
** Survival Benefit paid at the end of premium payment term is portion of total benefits paid for details refer to next page

IFLI/BI/ Lifesurance Whole Life Savings Insurance Plan/Version 1.0/12 Jan 2015

332
11,078

Annual

Guaranteed benefits payable at the end of year

29
30
31
32
33
34
35
36
37
38
39
40
41
42
43

10,746

Proposer

Name

Policy Year

100,000 Annualised premium:

Person to be insured

Important Notes
1) This illustration is for a healthy individual and acceptance of the proposal depends on underwriting.
2) Age, premium payment term (PPT) and policy term are in years. All monetary values are in Rupees (Rs ).
3) The illustration assumes that the premiums have been paid as and when due. The annualised premium amount shown includes modal loading as per the premium payment frequency chosen.
4) The values for all benefits are shown at the end of the respective policy years. The values shown are for illustrative purposes only.Please read the sales literature and policy document for details.
5) Guaranteed Sum Assured is the minimum amount guaranteed to be paid at the end of the PPT and is used to determine the premiums and survival benefits (if you touch 100 years of age).
6) Death Sum Assured (DSA) is the minimum amount guaranteed to be paid on death of the insured person during the term of the policy. It is higher of a) 10 times the Annualised Premium (AP), b)Guaranteed sum assured and c)105% of all the premiums paid as on date of death.
7) Lifesurance Whole Life is a non linked whole life participating savings plan. Guaranteed additions are added in the first 5 years of the policy at the rate of Rs 50 per Rs 1,000 of guaranteed sum assured. The policy will participate in the profits of the company's participating policyholders life fund by way of reversionary bonuses from the 6th policy year onwards.Terminal bonus, if
any is payable at maturity or on earlier death. The amount of any surplus, and hence of any bonuses will depend on the future investment performance of and the expenses incurred in the participating policyholders life fund. The bonuses will be declared by the Board of IDBI Federal Life Insurance Company each year, and once added they will form part of the guaranteed benefits of
the policy. Bonuses are expressed as percentage of guaranteed sum assured.
Reversionary bonus from 6th policy year till end of PPT It is the bonus rate applicable for the policy from the 6th policy year till the end of the premium payment term.
Reversionary bonus from the year after the end of premium payment term till maturity It is the bonus rate applicable for the policy from the year after the end of premium payment term till maturity.
8) The following are the survival benefits under this plan (provided all premiums have been paid in full when due):
i. At the end of PPT: Guaranteed sum assured plus vested guaranteed additions and vested reversionary bonuses.
ii. After attaining 100 years of age: Higher of a) guaranteed sum assured b) 10 times annual premium and c) 105% of all premiums paid plus vested reversionary bonuses from the year after the end of PPT plus terminal bonus (if any).
9) The following are the death benefits under this plan (provided the policy is in force and all premiums have been paid in full when due):
i. During the PPT: DSA, vested guaranteed additions, vested reversionary bonuses plus terminal bonus (if any) . In case of death due to an accident (within a period of 180 days from the date of the accident) during the PPT, an additional amount i.e. Additional Death Benefit (ADB) will be paid (if opted for) to the nominee. The amount payable is equal to the Guranteed sum assured
(subject to a maximum limit of Rs. 50 Lac). Conditions apply.
ii. After the PPT: DSA, vested reversionary bonuses from the year after the end of PPT plus terminal bonus (if any).
10) Life insurance is a long term commitment by both the policyholder and the company. Before surrendering a life insurance policy , you should bear in mind that life insurance policies do not offer such good value for money on surrender as they do on maturity. Particularly during the early years of a policy, the surrender value may be low in comparison to the premiums paid. The
policy will acquire a surrender value if premiums have been paid for 3 full years. On surrender, the higher of the 'Guaranteed Surrender Value (GSV)' and the 'Special Surrender Value (SSV)' will be paid.
11) (GSV) is the sum of 3 components less any survival benefits already paid. It has a percentage of total premiums paid , a percentage of vested guaranteed additions plus vested bonuses before the end of PPT, and a percentage of vested bonuses after the end of PPT. The company, at its discretion, may pay a SSV which is higher than GSV. The SSVs are not guaranteed and may be
changed at any time.
12) . Suicide clause:
i. In case of death due to suicide within 12 months from the date of inception of the policy, the beneficiary will receive at least 80% of the premiums paid, provided the policy is in force, or
ii. In case of death due to suicide within 12 months from the date of revival of the policy, the beneficiary will receive an amount which is higher of 80% of the premiums paid till the date of death or the surrender value as available on the date of death.
13) Tax benefits under Section 80C and 10(10D) of the Income Tax Act 1961 are available as per the extant tax laws. Please consult your tax advisor for details.
14) Service tax and other levies, as applicable, will be levied as per the extant laws.

Declaration by Proposer:
I,Ms Sneha, having received the above benefit illustration, and have understood the structure of benefits and terms & conditions before entering into the contract.
Name :

Ms Sneha

Place :

Proposer's signature:

Date :

Declaration by marketing official

I, _______________________, have explained the above benefit illustration and ensured that the structure of benefits, charges, terms & conditions and risk factors have been understood by the proposer before entering into the contract.
Marketing official's name:
Place :
Date :
Marketing official's signature:
Company Seal:

IDBI Federal Life Insurance Company Limited

Registered Office : 1st Floor,Tradeview, Oasis Complex, Kamala City, P.B. Marg, Lower Parel (W), Mumbai - 400 013, India.
Registration Number : 135, Website : www.idbifederal.com
Toll-free number : 18002090502 (For all subscribers)

IFLI/BI/ Lifesurance Whole Life Savings Insurance Plan/Version 1.0/12 Jan 2015