Competition Cracker Traditional Products

IDBI Federal Lifesurance Savings

Parameter Bajaj Allianz Invest Assure
Insurance Plan
Features
Non-Linked Participating Regular and
Non-Linked Participating Limited Premium Limited Premium Payment Endowment
Plan Structure Payment Endowment Plan with 2 life cover Plan with Guaranteed Additions equal to
variants: Silver and Gold Rs. 50 per thousand of Maturity Sum
Assured in first five years of policy
Age at Entry Minimum 0 years Minimum 18 years
Policy Term 15 to 40 years 10, 15, 20 and 25 years
5^/ 7/ 10/ 15 years or policy term minus
Premium Paying Term 10 years, subject to chosen variant & policy 5 years to equal to policy term
term
^Available with Gold Variant only
Minimum Annual Premium Rs. 5,000 Rs. 10,000
Simple Reversionary Bonus, after the 5th
Bonus Compound Reversionary Bonus
policy year
Maturity Sum Assured^ plus Vested
Guaranteed Additions^^ plus Vested
Sum Assured plus Vested Bonus plus Bonus, if any plus Terminal Bonus, if any
Maturity Benefit ^It is the sum insured that is used to determine premium
Terminal Bonus
and the maturity benefit
^^Guaranteed Additions equal to Rs. 50 per thousand of
Maturity Sum Assured in first five years of policy
Sum Assured on Death plus Vested Bonus
plus Terminal Bonus
For age at entry less than 45 years: Death Sum Assured* plus Vested
Higher of 10 times annualized premium* Guaranteed Additions accrued till date of
or 105% of total premium* paid till date of death plus Vested Bonus accrued till date of
death or 125% and 200% of Sum Assured death plus Interim bonus, if any plus
Death Benefit for Silver and Gold variants respectively Terminal Bonus, if any
For age at entry 45 years & above: *Death Sum Assured is higher of 10 times
Higher of 7 times annualized premium* or of annualized premium, or 105% of all
105% of total premium* paid till date of premiums paid as on date of death, or
death or 125% and 200% of Sum Assured Maturity Sum Assured
for Silver and Gold variants respectively
(*Exclusive of extra premium and service tax and
cess, if any)
Policy Loan Available up to 90% of Surrender Value Available up to 85% of Surrender Value
Option to alter premium
Available Not Available
payment frequency
Age at Maturity Maximum 70 years Maximum 75 years
Riders Not Available Available
Bajaj Allianz Invest Assure IDBI Federal Lifesurance Savings
Illustrative Benefit
Silver Gold Insurance Plan
Age/Gender 30 years/ Male 30 years/ Male 30 years/ Male
Policy Term/PPT 20/ 10 years 20/ 10 years 20/ 10 years
Annual Premium (in Rs.)* Rs. 38,950 Rs. 38,951 Rs. 38,950
Total Premium Paid Rs. 3,89,500 Rs. 3,89,510 Rs. 3,89,500
Sum Assured Rs. 5,24,210 Rs. 5,00,000 Rs. 3,99,820
Guaranteed Death
Rs. 6,55,263 Rs. 10,00,000 Rs. 5,08,935
Benefit**
Guaranteed Maturity
Rs. 5,24,210 Rs. 5,00,000 Rs. 4,99,775
Benefit***
Prepared on 19.03.2014. Source for information on IDBI Federal Lifesurance Savings Insurance Plan is www.idbifederal.com and contacts. However, we do not
guarantee on the veracity of the information provided by the source. Please read the product brochure and benefit illustration for details.
*The annual premium of Bajaj Allianz Invest Assure (Silver & Gold) and IDBI Federal Lifesurance Savings Insurance Plan are excluding of service tax.
**To calculate Guaranteed Death Benefit, we have considered 125% and 200% of Sum Assured for Bajaj Allianz Invest Assure Silver and Gold Variant respectively and
Guaranteed Additions equal to Rs. 50 per thousand of Maturity Sum Assured in first five years of policy plus 105% of all premiums paid as on date of death for IDBI
Federal Lifesurance Savings Insurance Plan.
***To calculate Guaranteed Maturity Benefit, we have considered Sum Assured for Bajaj Allianz Invest Assure (Silver & Gold) and Guaranteed Additions equal to Rs. 50
per thousand of Maturity Sum Assured in first five years of policy plus Maturity Sum Assured for IDBI Federal Lifesurance Savings Insurance Plan.
This is strictly for internal training purposes.
Bajaj Allianz is the name of our Insurance Company and Bajaj Allianz Invest Assure (UIN: 116N121V01) is the name of the plan. The name of our company and the
name of our plans do not, in any way, indicate the quality of the plan, its future prospects or returns. Insurance is the subject matter of the solicitation.
Compiled by Market Intelligence Team, Product Development Department