India's 1st IRDAI Approved Insurance Web Aggregator
Ageas Federal iSurance Online Term
IDBI’s iSurance Online Term Plan Review
IDBI’s iSurance is an online term plan that provides a large life insurance cover in the range of Rs. 50 Lakh-80 Crore by paying an annual premium for the term or duration of the policy. It also provides an additional death benefit option. There are discounts on premium for opting a cover higher than Rs 75 lakhs and above.
Eligibility & Other Restrictions under IDBI’s iSurance
AGE AT ENTRY
Minimum: 18 years (as of last birthday) Maximum: 50 years (as of last birthday)
Minimum: 50 lacs Maximum: 30 crore.
We assess your health and financial profile before
we offer the life cover.
ACCIDENTAL DEATH BENEFIT
Maximum: Rs. 2 Crore
- The premium for ADB can be amaximum of
30% of the premium for life cover, and
- The maximum ADB cover is equal to the Life cover
Minimum: 10 Years Maximum: 25 Years
PREMIUM PAYMENT TERM
It is the same as the policy term.
For example, for 10 years policy term, you pay premium for 10 years
PREMIUM PAYMENT FREQUENCY
Additional Features and Benefits of IDBI Federal iSurance Online Term Insurance Plan
In case of your unfortunate death during the policy termwewill pay your beneficiary the highest of the 3 amounts given below:
Life cover asmentioned in the policy schedule
105% of all the premium paid till the date of death
10 times the annual premium (if you are less than 45 years) or 7 times the annual premium (if you are 45 years or above)
What happens when?
What if I want to cancel after buying this plan?
No problem. You can cancel the plan within 30 days from the date of commencement of your plan. This is your free look period.Wewill refund you the premium amount after deducting charges for the period youwere covered and cost incurred on stamp duty andmedical tests, if any.
What if premiums are not paid on time?
If for some reason you cannot pay the premium on the due date, you get a grace
period of 30 days. During this time, your policywill be active. In case of your death
during this period,wewill pay the life cover to your beneficiary after deducting the
premium amount due.