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
Toll-free number : 18002090502 (For all subscribers)

Summary of your IDBI Federal Childsurance Savings Protection Insurance Plan

(Product Unique Identification No - 135N032V01)

Name of your child:

Akshitha s

Age of your child:

5 Years

Your name:

Mr Vivekanandh

Mr Vivekanandh, IDBI Federal Childsurance Savings Protection Insurance Plan for Akshitha s to realise his dreams in future!
Please refer to the enclosed Benefit Illustration for your plan details.

IFLI/BI/ Childsurance Savings Protection Insurance Plan/Version 2.0/03 Feb 2015

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
Toll-free number : 18002090502 (For all subscribers)

Application number:

Benefit Illustration - IDBI Federal Childsurance Savings Protection Insurance Plan

(Product Unique Identification No - 135N032V01)

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 return 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:
Person to be insured

Maturity sum assured

312,500 Annualised premium (without service tax)

12,069

312,500 Amount of installment premium (without service tax)

12,069

Name:

Mr Vivekanandh

Death sum assured

Date of birth:

18 Oct 1990

Premium payment term

25 Years

Amount of installment premium including service tax Year 1

12,442

Age:

24 Years

Policy term

Amount of installment premium including service tax 25 Years Year 2 onwards

12,255

Gender:

Male

Premium payment frequency

IFLI/BI/ Childsurance Savings Protection Insurance Plan/Version 2.0/03 Feb 2015

Yearly

C. Policy benefits:

Guaranteed
benefits
payable at the
end of year
Age at the
Annualised Service tax
Policy Year start of
premium
(Rs)
policy year
(Rs)

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25

24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48

12,069
12,069
12,069
12,069
12,069
12,069
12,069
12,069
12,069
12,069
12,069
12,069
12,069
12,069
12,069
12,069
12,069
12,069
12,069
12,069
12,069
12,069
12,069
12,069
12,069

373
186
186
186
186
186
186
186
186
186
186
186
186
186
186
186
186
186
186
186
186
186
186
186
186

Total
payment
(Rs)

12,442
12,255
12,255
12,255
12,255
12,255
12,255
12,255
12,255
12,255
12,255
12,255
12,255
12,255
12,255
12,255
12,255
12,255
12,255
12,255
12,255
12,255
12,255
12,255
12,255

Variable benefits at the end of the year

Total benefits at the end of the year

Gross rate of return of 4%

Gross rate of return of 8%

Accrued bonuses

Accrued bonuses

Maturity benefit

(a)

(b)

(c)

(a+b)

62,500
62,500
62,500
62,500
62,500

78125

328125

62,500
62,500
62,500
62,500
140,625

Guaranteed
annual payouts
(Rs)

Gross rate of return of 4%

Guaranteed surrender
value

Gross rate of return of 8%

Maturity benefit

Guaranteed surrender
value

(a+c)
11049
24388
30641
36769
43116
51206
60060
69148
79061
89520
100524
112074
124637
137308
149004
163239
178675
194781
149058
104692
61060
18910
-

62,500
62,500
62,500
62,500
390,625

The above tables should be read in conjunction with the important notes overleaf.
Death benefit:
On death of the insured person the following death benefit will be paid
Death sum assured, paid immediately on death (shown under section B 'Policy Details' above), plus
Future premiums are waived and guaranteed annual payouts, to be paid on their due dates (shown under column (a) in the table above), plus
Bonuses* to be paid at end of term (shown under columns (b) and (c) in the table above at projected gross investment rates of return of 4% and 8% respectively)
Further we will ensure that the minimum death benefit paid will be equal to 105% of all premiums paid till the date of death (excluding extra mortality premiums, services tax and cess if any)
* The policy will partcipate in future surplus of the participating policy owners' life fund and will be eligible for bonuses as declared (both reversionary and terminal bonuses) till the end of the term even in case of death.
Signature of Proposer

IFLI/BI/ Childsurance Savings Protection Insurance Plan/Version 2.0/03 Feb 2015

11649
25188
32141
38569
45916
54406
64560
74148
85661
97920
110924
124674
141137
156508
172804
192039
214775
238781
201558
168492
136960
110110
-

Important notes:
1) This illustration is for a healthy individual and acceptance of the proposal is subject to underwriting.
2) The unit for age, premium payment term and policy term in this illustration is 'years' and all monetary values are in 'Rupees' (Rs ).
3) The illustration assumes payment of installment premiums on due dates. The annualised premium amount shown includes modal loading as per the premium payment frequency chosen.
4) Maturity sum assured is the sum assured used to determine the premiums and maturity benefits. Your maturity sum assured chosen is shown under section B 'Policy Details'. It is paid in installments called Guaranteed Annual Payouts.
The maturity benefit payable is the aggregate of the maturity sum assured and the declared bonuses.
5) The policy will participate in the profits of the company's participating policyholder life fund by way of reversionary bonuses and possibly terminal bonus. The amount of any profits, and hence, of any bonuses will depend on the future
experience and performance of the fund. The bonuses will be declared by the Company each year and once added they will form a part of the guaranteed benefits of the policy. The bonuses will be determined as a percentage of the
maturity sum assured. The accrued bonuses are shown in the table under variable benefits, at projected gross investment rates of return of 4% and 8% p.a.
6) Life insurance is a long term commitment by both the policy owner and the company. Before surrendering a life insurance policy you should bear in mind that life 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 policies with premium paying term of less than 10 years, will acquire a guaranteed surrender value if all premiums have been paid for at least 2 consecutive years.
The policies with premium paying term of 10 years or more, will acquire a guaranteed surrender value, if all premiums have been paid for at least 3 consecutive years.
Guaranteed Surrender Value (GSV) is the percentage of the amount of premiums paid excluding the extra premiums (if any) plus the surrender value of the accrued bonuses. It is shown at projected gross investment rates of return of 4%
and 8% in the table.
The company, at its discretion, may also pay Special Surrender Value (SSV) which may be higher than GSV.
The surrender benefit paid out will be the higher of the GSV and the SSV, less the guaranteed annual payouts already paid.
7) Suicide claim provision: The Company will pay 80% of the premiums paid as the death benefit if the insured person, whether sane or insane, commits suicide within 12 months from the date of commencement of the policy or from the
date of policy issue whichever is later. In case of suicide within one year of reinstatement of the plan, the benefit payable will be higher of the surrender value as available on the date of death or 80% of the premiums paid as on the date of
death.
8) Tax benefits under Section 80C and 10(10D) of the Income Tax Act, 1961, are available as per applicable laws. Please consult your tax advisor for details.
9) Service tax and other levies, as applicable, will be levied as per the extant laws.
10) The values shown are for illustrative purposes only. Please see the sales literature and policy document for details.
Declaration by Proposer:
I,Mr Vivekanandh, have received the above benefit illustration, have understood the structure of benefits and terms & conditions and risk factors before entering into the contract.
Place :
Date :

Signature of Proposer

Declaration by Marketing Officer:

I,_______________________, have explained the above benefit illustration and ensured that the structure of benefits, terms & conditions and risk factors have been understood by the policy owner before entering into the contract.
Signature of Marketing Official
Place
Date :
Company Seal:
IDBI Federal Life Insurance Co Ltd
Registered Office: 1st Floor Trade View, Oasis Complex, Kamala city, P.B. Marg, Lower parel (W),
Mumbai - 400013, India
IRDA Registration No: 135
Toll-free number : 18002090502 (For all subscribers)
Insurance is a subject matter of solicitation

IFLI/BI/ Childsurance Savings Protection Insurance Plan/Version 2.0/03 Feb 2015