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.

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Additional Insurance Benefits
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Loyalty Additions
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Fund Managers

Compare this plan with other Investment Plans

Wealthsurance Dreambuilder - Key Features

There is a choice of Assured Return on the investment to Variable Returns linked to the market performance
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Investment can be managed by self or left to the discretion of the Fund Managers
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Loyalty Additions are provided at the end of the tenure
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There is an option of additional Insurance Benefits on suffering major diseases, hospitalisation, accidental death or disablement and also Premiums can be waived in case of death or disablement
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Wealthsurance Dreambuilder - Benefits

Death Benefit

In case of death of the Life Insured, the nominee would get higher of Sum Assured and Fund Value

Maturity Benefit

On maturity, the Fund Value is paid to the policyholder according to the investment option chosen.

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. P...


There are 6 riders available in this policy

  • Major Diseases Benefit rider - covers 17 major diseases
  • Hospital...

5 Investment Fund Options to choose from

  1. Monthly Guaranteed Interest Fund: gives you a minimum guaranteed rate of interest on the balance in the fund
  2. ...


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 Withdrawal

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

angle right iconWhat happen if you stop paying the premium before 5 years ?

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.

angle right iconWhat happen if you stop paying the premium after 5 years ?

 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.


angle right iconWhat happen if you want to surrender the policy ?

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.

angle right iconWhat happen if you want a loan against your policy ?

Loan facility is not available under this policy.