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IDBI Federal Termsurance TROP

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This plan has been withdrawn by the insurance company and is no longer available for sale.

IDBI Federal Life Termsurance with Return of Premium Plan 

IDBI Federal Termsurance with Return of Premium plan is according to its name where the life cover is Level throughout the policy tenure and the premiums are returned on maturity. This is a variant of a term plan as there is maturity benefit along with death benefit.


Key Features of Termsurance - Level Cover with Return of Premium

  • I t is a Term Insurance Pol icy with Death Benefit and return of premiums as Maturity Benefit
  • There is an option to pay for limited period and not the whole tenure for only 3 to 5 years as well and single payment option
  • Woman  discount and large  sum assured discount is available  



Benefits you get from Termsurance- Level Cover with Return of Premium

Death Benefit – if the life insured dies within the policy tenure, then the nominee gets the sum assured as Death Benefit and the policy is terminated.

Maturity Benefit – The basic premiums paid are returned on maturity and the policy is terminated.

Income Tax Benefit - Life Insurance premiums paid up to Rs. 1,50,000 are allowed as a deduction from the taxable income each year under section 80C


Eligibility conditions in Termsurance - Level Cover with Return of Premium




Sum Assured (in Rs.)


No Limit

Policy Term (in years)



Premium Payment Term (in years)


Equal to policy term

Entry Age of Policyholder



Age at Maturity



Single premium

Not Specified

Not Specified

Payment modes

Single,  Yearly, Half-Yearly, Quarterly and Monthly


Sample illustration of premium Termsurance - Level Cover with Return of Premium

The below illustration is for a healthy Male (non-tobacco user) opting for a Sum Assured = Rs. 10 lakhs and Policy Term = 25 years.

IDBI Federal Termsurance TROP sample premium rates


Additional Features & Benefits of Termsurance with Return of Premium

Riders – No riders are available in this policy


What happens if?

You stop paying the premium – If you stop paying the premiums before completion of 3 years, then the policy lapses and all benefits would stop. However, if you stop paying the premium after 3 years for 5-pay and regular pay terms, then the policy becomes paid up for a reduced sum insured on death and a reduced return of premium benefits on maturity.

You want to surrender the policy – Option to surrender is available after 3 years only in single, 3-pay and 5-pay options only and there is no guarantee of the surrender value.

You want a loan against your policy – Loan facility is not available under this policy.



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