Wealthsurance Dreambuilder
IDBI Federal Wealthsurance Dreambuilder Plan
IDBI Wealthsurance is a Ulip which caters to people who have no risk capacity with fixed and assured returns and to people who would love to invest in the equity market. Thus it has various investment opportunities for people with varied risk appetite. There are investment options for risk lovers to risk averse people who need assured and guaranteed returns. You get to choose from a variety of investment propositions. On death of life insured, the nominee gets higher of Sum Assured or Fund Value and on maturity the Fund Value is paid according to the investment option chosen. This plan can be enhanced by adding Health Benefit, Accident and Disability Benefit and Premium Waiver Benefit rider also.
Compare this plan with other Investment Plans
Wealthsurance Dreambuilder - Key Features
Wealthsurance Dreambuilder - Benefits
In case of death of the Life Insured, the nominee would get higher of Sum Assured and Fund Value
On maturity, the Fund Value is paid to the policyholder according to the investment option chosen.
Life insurance premiums paid up to Rs. 1,50,000 are allowed as a deduction from the taxable income each year under section 80C. P
There are 6 riders available in this policy
...
The minimum top-up premium amount is Rs 5,000 at a time and you can pay whenever you want and any number of times. Top-up premiums are not allowed
Switching is allowed under the same investment options among the funds available.
Partial withdrawals are allowed only after completion of 5 policy years. Minimum amount of partial withdrawal is Rs 10,000 such that the balance sh
Eligibility conditions in IDBI Federal Wealthsurance Dreambuilder Insurance Plan
| Minimum | Maximum | |
| Sum Assured (in Rs.) | Less than 45 yrs,
SA = Higher of (10 x AP) or (0.5 x PT x AP) More than 45 yrs, SA = Higher of (7 x AP) or (0.25 x PT x AP) |
No Limit |
| Policy Term (in years) | 10 | 57 |
| Premium Payment Term (in years) | 5 | Equal to PT |
| Entry Age of Policyholder (in years) | 18 | 65 |
| Age at Maturity (in years) | - | 75 |
| Annual premium (in Rs.) | 25,000 | 1,00,000 |
| Payment modes | Only Annual | |
Wealthsurance Dreambuilder - FAQs
If the policy holder stops paying the premium, the insurance cover will cease and the fund value net of any discontinuance charge will be transferred to the Discontinued Policy Fund. The Discontinued Policy Fund will be credited with a minimum interest rate of 3.5% p.a. and the proceeds from this will be payable after the fifth policy anniversary. In case of death of the Life Assured during this period, only the accumulated fund value will be payable to the nominee.
If the policy holder stops paying the premium after 5 years, then the accumulated policy fund amount till the date of discontinuance shall be paid to the policy holder and the policy will terminate immediately.
You cannot surrender your plan in the first 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.
Loan facility is not available under this policy.
