IDBI Federal Life Insurance Company Limited Registered Office: 1st Floor Trade View, Oasis Complex, Kamala city, P. B. Marg, Lower parel (W), Mumbai – 400013, India IRDA Registration No: 135 Website: www. idbifederal. com Toll-Free : 18001025005 (For non-MTNL subscribers) /1800221120 (for MTNL subscribers) IDBI Federal Incomesurance Endowment and Money Back Plan – What if Analysis (Product Unique Identification No – 135N010V01) Some benefits are guaranteed and some benefits are variable with returns based on the future performance of IDBI Federal Life Insurance Company Limited.
If your policy offers guaranteed returns then these will be clearly marked “guaranteed” in the illustration shown below. If your policy offers variable returns then the illustration will show two different rates of assumed future investment returns. 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.
Details of Person to be Insured Date of illustration Name of the person to be insured Date of birth of the person to be insured Age of person to be insured (in years) Gender of the person to be insured Plan Details Plan option Policy term (in years) Premium payment period (in years) Premium payment mode Sum insured (in Rs) Instalment premium (in Rs) Service tax and education cess (in Rs) Total installment premium (in Rs) Guaranteed annual payout option 01-May-2013 Hari Krishna 12-May-1989 23 Male Average 10 year G-Sec rate in the last 5 years 2 Year 2012 2011 2010 Rate 7.
86% 7. 8% 7. 66% 7. 48% 7. 27% Lump Sum Cover Option 10 5 Annual 100000 15829 489 16318 Annual payout option 2009 2008 Policy Year Guaranteed Benefits (in Rs) Projected Guaranteed Benefit @ 8.
5 % (in Rs) Annualised Service Total Payment Additional Guaranteed Special Premium Tax (in Rs) Minimum Annual 6 Annual Annual Death Benefit Surrender Value (in Rs) (in Rs) (boy) Sum Insured Payout Payout Payout (eoy) (boy) (boy) (eoy) (eoy) (eoy) 15829 15829 15829 15829 15829 489 245 245 245 245 16318 16074 16074 16074 16074 100000 100000 100000 100000 100000 100000 84000 68000 52000 36000 16000 16000 16000 16000 16000 5360 5360 5360 5360 5360 21360 21360 21360 21360 21360 105360 110720 116080 121440 126800 126800 105440 84080 62720 41360 6440 20444 34846 54340 74333 81595 68138 53400 37166 19438.
1 2 3 4 5 6 7 8 9 10 Important Notes 1) The “what if analysis” is for information only. 2) The Average 10 year G-Sec rates are published by FIMMDA. 3) The FIMMDA G-Sec rates are indicative rates and doesn’t reflect any trend for the future. 4) The FIMMDA G-Sec rate in future will depend on the prevailing economic conditions and market developments. 5) The plan offers some guaranteed benefits which are marked as “Guaranteed”. 6) Special surrender values are not guaranteed and can change from time to time and are applicable if all due premiums have been paid.
7) The premium stated is for a healthy individual and would be subject to underwriting. 8) eoy refers to payment at end of year 9) boy refers to payment at the begining of year 10)Tax Benefits A. For premiums paid Under Section 80C of the Income Tax Act, 1961, the premiums you pay towards your policy are eligible for deduction from your income to the extent of 10% of the actual capital sum assured*, subject to a limit of Rs. 1,00,000 per year. B.
For benefits received Under Section 10(10D) of the Income Tax Act, 1961, the benefits you will receive under your policy will qualify for tax exemption, provided the premiums payable in any of the years during the policy term do not exceed 10% of the actual capital sum assured*. In case this condition is not fulfilled, the benefits you will receive will be subject to tax. However, the death benefit is tax-free under Section 10 (10D) of the Income Tax Act, 1961.
You are advised to consult your tax advisor for details. Please note that tax laws may change from time to time, and tax benefits applicable will be as per prevailing tax laws. *Actual Capital Sum Assured: It is the minimum amount assured under the policy on death at any time during the term of the policy, not taking into account the value of any premium agreed to be returned or any benefit by way of bonus or otherwise which is to be received by any person under the policy over and above the sum actually assured.
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: 1800-102-5005 (for non-MTNL subscribers)/ 1800-22-1120 (for MTNL subscribers) Insurance is the subject matter of the solicitation.