IDBI FEDERAL LIFE INSURANCE

IDBI one of the india's best bank. It is providing various facilities in the bank. And it is One of the part of idbi bank, it is entered in life insurance.

Since Centuries India has been known as the Golden Bird and now she is ready to fly it is the slowgen of IDBI Life insurance company.

Plan details are below :

Most people do not have the time, knowledge, and information tools to maximize returns in a dynamic market. The asset allocator funds take this task off your hands and put it into the hands of our knowledgeable and professional fund managers. All you need to do is tell us the level of risk you are comfortable with, which could depend on factors such as your life stage (whether you are married, married with children), your age and investment style preference. Our fund managers will then manage your investments so as to optimize your return within these parameters.

Asset allocator funds are funds of funds which invest in the right options within the wealthsurance investment basket based on your choice of investment style. our fund managers will deploy your investments in the most appropriate stock, bond or money choices for your benefit.

Cautious fund (Low risk)

Equities :: up to 25%

Fixed interest instruments :: Up to 100%

Moderate fund

Equities :: Up to 50%

Fixed interest instruments :: up to 100%

Aggressive fund

Equities :: Up to 100%

Fixed interest instruments :: Up to 100%

Plan Benefits :

Optimal returns with complete peace of mind

In Asset Allocatoir Funds, our fund managers invest in various funds available within the Wealthsurance investment basket.

The fund manager takes a view on the markets and after projecting which asset class is likely to perform better in the medium term, he may invest 100% of your monies into the equity fund if you are in the Aggressive Asset Allocator Fund. Conversely, if the fund manager feels that the debt class is likely to out perform in the medium term, he may invest 100% of your monies in the debt fund if you have invested in any of the asset allocator funds namely cautious, moderat or aggressive.

Asset Allocator Funds seek to actively manage asset allocation, based on market conditions and will try to take advantage of long term market cycles.

The funds have the ability to shift entirely to debt or shift substantially entirely into equity, based on your selected risk profile.

All you have to do is indicate your risk profile, and leave it to us to manage your investments.

Flexibility to Withdraw money from your fund :

You have the flexibility to withdraw money from your fund at times of emergency.

No Charges for partial withdrawals from your fund after 5 years.

Limited Premium Payment Facility :

You have the option to pay premiums for a period convenient to you, viz. 5 years or full term.

Regardless of your premium payment term, you will enjoy insurance protection up to the end of your policy term.

Protection against bad kismat :

Provides life insurance cover to take care of your loved ones if you are not there.

For more details, please refer to IDBI Federal Insurance Basket.

Complete Repatriability of funds :

Investments made into this plan from your NRE account are fully repatriable.

TAX Benefits :

The entire fund value at maturity is Tax free under section 10(10 D)

All premiums paid are deductible under section 80C upto Rs.1 Lks. per annum.

No tax deduction at source.

Fund Management Charges :

For Asset Allocator Funds, there are no additional charges for fund management other than the fund management charges for the respective feeder funds. Where the Asset Allocator funds will in turn invest. Please refer to the sales brochure of the Wealthsurance Milestone Plan for the fund management charges of the feeder funds.

Policy administeration Charge :

The Policy Administration charge is deducted at the beginning of the policy year by cancellation of units from your investment account. For regular Premium policies, there is no policy administration charge during the premium payment term. After the complletion of premium payment term the policy administration charge is 1.75% of the initial annual premium per annum.

Surrender :

However you cannot surrender your plan in the fist five years. After completion of five policy years there is no surrender charge, we will pay you the entire fund value as on date of surrender.

Switch Charge :

There are no switching charges.

Partial Withdrawal Charges :

There are no charge on partial withdrawals after 5 years.

If you want to buy this policy please contact your nearest IDBI Bank Ltd., or web site www.idbifederal.com or call me rajesh arvind zingade 07483008467 Karnataka