IDBI Federal Bondsurance

Summary Info

Insurance Company IDBI Federal Life Insurance Company Ltd
Plan Name IDBI Federal Bondsurance
Plan Nature TRADITIONAL
Plan Category Protection Plan
UIN No. 135N003V01
About Plan Bondsurance is a single premium plan where you need to make a one-time investment. You can choose a maturity period of 5 or 10 years. At the end of the chosen period, you will receive a guaranteed maturity amount. In case of death before the maturity date, a Death Benefit which is also guaranteed will be paid. Thus you can get life insurance cover while earning an assured return on your investment. The premium you pay is eligible for deduction of tax under Sec 80C of the Income Tax Act. Also, the Maturity Benefit and the Death Benefit are tax-free under Sec 10(10D) of the Income Tax Act.

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