About IDBI Federal Life Insurance

IDBI Federal Life Insurance Co Ltd is a joint-venture of IDBI Bank, Indias premier development and
commercial bank, Federal Bank, one of Indias leading private sector banks and Ageas, a multinational insurance
giant based out of Europe. In this venture, IDBI Bank owns 48% equity while Federal Bank and Ageas own 26%
equity each. . Having started in March 2008, in just five months of inception, IDBI Federal became one of the
fastest growing new insurance companies to garner Rs 100 Cr in premiums. IDBI Federal Life Insurance is one
of Indias growing life insurance companies and offers a diverse range of wealth management, protection and
retirement
solutions
to
individual
and
corporate
customers.
IDBI Federal Life Insurance Co Ltd is a joint-venture of IDBI Bank, Indias premier development and commercial
bank, Federal Bank, one of Indias leading private sector banks and Ageas, a multinational insurance giant based
out
of
Europe.
Having commenced operations in 2008, IDBI Federal was able to achieve breakeven within just 5 years; the
Companys
passion
for
innovation
and
growth
helped
it
achieve
this
feat.
Through a nationwide network of 3, 014 branches of IDBI Bank and Federal Bank, and a sizeable network of
advisors and partners, IDBI Federal Life Insurance has achieved presence across the length and breadth of the
country. As on March 31, 2015, the company has issued nearly 8.23 lakh policies with a sum assured of over Rs.
51,918 crore. IDBI Federal Life Insurance has total assets under management of 4,893 crore and a robust capital
base of over 800 crores, as on March 31, 2016.

About the sponsors of IDBI Federal Life Insurance Co Ltd

IDBI Bank Ltd. continues to be, since its inception, Indias premier industrial development bank. It came into
being as on July 01, 1964 (under the Companies Act, 1956) to support Indias industrial backbone. Today, it is
amongst Indias foremost commercial banks, with a wide range of innovative products and services, serving retail
and corporate customers in all corners of the country from 1077 branches and 1702 ATMs. The Bank offers its
customers an extensive range of diversified services including project financing, term lending, working capital
facilities, lease finance, venture capital, loan syndication, corporate advisory services and legal and technical
advisory services to its corporate clients as well as mortgages and personal loans to its retail clients. As part of its
development activities, IDBI Bank has been instrumental in sponsoring the development of key institutions
involved in Indias financial sector National Stock Exchange of India Limited (NSE) and National Securities
Depository Ltd, SHCIL (Stock Holding Corporation of India Ltd), CARE (Credit Analysis and Research Ltd).

Federal Bank is one of Indias leading private sector banks, with a dominant presence in the state of Kerala. It
has a strong network of over 1060 branches and 1158 ATMs spread across India. The bank provides over four
million retail customers with a wide variety of financial products. Federal Bank is one of the first large Indian
banks to have an entirely automated and interconnected branch network. In addition to interconnected branches
and ATMs, the Bank has a wide range of services like Internet Banking, Mobile Banking, Tele Banking, Any
Where Banking, debit cards, online bill payment and call centre facilities to offer round the clock banking
convenience to its customers. The Bank has been a pioneer in providing innovative technological solutions to its
customers
and
the
Bank
has
won
several
awards
and
recommendations.

Ageas is an international insurance group with a heritage spanning more than 180 years. Ranked among the
top 20 insurance companies in Europe, Ageas has chosen to concentrate its business activities in Europe and
Asia, which together make up the largest share of the global insurance market. These are grouped around four
segments: Belgium, United Kingdom, Continental Europe and Asia and served through a combination of wholly
owned subsidiaries and partnerships with strong financial institutions and key distributors around the world.
Ageas operates successful partnerships in Belgium, UK, Luxembourg, Italy, Portugal, Turkey, China, Malaysia,
India and Thailand and has subsidiaries in France, Hong Kong and UK. Ageas is the market leader in Belgium for
individual life and employee benefits, as well as a leading non-life player through AG Insurance. In the UK, Ageas
has a strong presence as the fourth largest player in private car insurance and the over 50s market. Ageas
employs more than 13,000 people and has annual inflows of more than EUR 21 billion.

Vision and Values

Maintaining integrity through our values

Our Vision
To be the leading provider of wealth management, protection and retirement solutions that meets the needs of
our customers and adds value to their lives.

Our Mission
To continually strive to enhance customer experience through innovative product offerings, dedicated relationship
management and superior service delivery while striving to interact with our customers in the most convenient
and cost effective manner.
To be transparent in the way we deal with our customers and to act with integrity.
To invest in and build quality human capital in order to achieve our mission.

Our Values

Transparency: Crystal Clear communication to our partners and stakeholders

Value to Customers: A product and service offering in which customers perceive value
Rock Solid and Delivery on Promise: This translates into being financially strong, operationally robust
and having clarity in claims

Customer-friendly: Advice and support in working with customers and partners

Key Persons

Vighnesh Shahane
CEO & Whole Time Director
Ajay Oberoi
Chief People Officer & Head Administration
Aneesh Srivastava
Chief Investment Officer
Arvind Shahi
Chief Risk Officer
Ashley Kennedy
Chief Distribution Officer West & East
Ganesha Ratnam
Chief Distribution Officer North & South
Karthik Raman
CMO, Head - Products & Strategy
Kedar Patki
Chief Financial Officer
Lalitha Bhatia
Chief Operating Officer
Mahesh Keni
Vice President Internal Audit
Rajesh Ajgaonkar
Chief Compliance & Legal Officer and Company Secretary
Mr. Shivank Chandra
Appointed Actuary

Childsurance

Savings

Protection

Insurance

Plan

(UIN:

135N032V01)

Being a good parent means making sure your child gets good education so that her future stays secure. The cost
of education has shot up significantly and is expected to rise further. Add to that the cost of your childs marriage
or giving her a head start in career. It is therefore important for you to stay prepared. Plan early to help your
childs dreams come true tomorrow and support her at every important milestone of life. Go ahead; secure your
childs future. At every step!
Plan Overview

IDBI Federal Childsurance Savings Protection Plan (UIN: 135N032V01) is a non-linked participating
endowment plan that ensures your childs future financial needs are fulfilled. Childsurance Savings, is designed
to give you guaranteed annual payouts and aid the important milestones in your childs life. Whats more, in the
unfortunate event of you not being around, the policy will continue exactly as you had planned it, without any
further premiums being paid. .In other words, this plan ensures that your child gets to live his/her dream exactly
as you have planned, whether or not you are around.

Age at entry - Insured Person (Parent)

Minimum

18 years

Maximum

Regular payment option: 40 years

Limited payment option: 50 years

Age at entry - Nominee (Child)

Greater than one month and less than 18 years of age

Maturity age (Insured Person)

Minimum

28 years

Maximum

Regular payment option: 65 Years

Limited payment option: 75 years

Minimum

10 years

Maximum

25 years

Policy term

Premium payment term

Regular payment option: Equal to policy term

Limited payment option: 5 years less than the policy
term

Premium payment frequency

Yearly, and monthly by ECS, standing instructions or

direct debit only

Premium
(exclusive of service tax and education
cess)

Maturity Sum Assured

Minimum

Yearly: Rs.10,000, Monthly: Rs.1,000 Loading factor

of 0.09 is applicable for monthly premium payment
frequency

Maximum

No limit (subject to underwriting)

Minimum

Subject to above minimum premium

Maximum

No limit, subject to underwriting

Being a good parent means making sure your child gets good education so that her future stays secure. The cost
of education has shot up significantly and is expected to rise further. Add to that the cost of your childs marriage
or giving her a head start in career. It is therefore important for you to stay prepared. Plan early to help your
childs dreams come true tomorrow and support her at every important milestone of life. Go ahead; secure your
childs future. At every step!
PLANS OVERVIEW
How does Childsurance Savings Protection Insurance Plan work?

We recommend you follow the steps given below while buying Childsurance Savings:
1.

Decide the amount of guaranteed annual payouts you would need. This will depend on your plans for
your childs future.

2.

Basis the amount of payouts, you should choose the Maturity Sum Assured (MSA). Guaranteed annual
payouts are percentages of MSA such that sum of all guaranteed annual payouts equal to the MSA.

3.

Next, choose when and for how long you would need the payouts the difference between your childs
current age and the age at which the guaranteed annual payouts should end, will be the policy term.

Accordingly, you will know whether you will get 3 or 5 guaranteed annual payouts. This can help you
plan your childs future better.
If you choose a Policy Term of 10 to 14 years, you will receive 3 Guaranteed annual payouts as
20%, 20% and 60% of MSA in the corresponding last 3 years of your policy. If you choose a Policy
Term of 15 to 25 years, you will receive 5 Guaranteed annual payouts s in the last 5 years of your
policy with 20% of Maturity Sum Assured each year.
The illustration below explains how the product works for a limited premium policy with a policy
term of 14 years.

IDBI

Federal

Lifesurance

Whole

Life

Savings

Insurance

Plan

(UIN

135N035V01)

We all want to live long and see our future generations grow and prosper. However, not many of us plan for the
long life that we wish for, either because we do not know how to go about it or because we believe it is an
arduous task.
Presenting, IDBI Federal Lifesurance Whole Life Savings Insurance Plan (hence referred to as Lifesurance
Whole Life) which helps you plan for a long and worry-free life in a simple and convenient way.
PLANS OVERVIEW
IDBI Federal Lifesurance Whole Life Savings Insurance Plan is a non-linked participating whole life savings plan.
A plan that lets you enjoy life & live your dreams with 2 lump sum payouts; first at the end of your premium
payment term and second when you reach 100 years of your age. Plus, it keeps your family financially secured
throughout the period of 100 years, with you or without you being around!

Criteria

Minimum

Age at entry

18 years

Maximum

55 years (Subject to a maximum age at the end of

PPT being 75 years for cover without Accidental
Death Benefit)

53 years (Subject to a maximum age at the end of

PPT being 65 years for cover with Accidental

Death benefit)

Age at maturity

100 years

Premium payment
term

12 years

Premium payment
frequency

Yearly, Half-Yearly, Quarterly, Monthly

Modal frequency
factor

0.51 for half yearly, 0.26 for quarterly and 0.09 for monthly mode

Premium (exclusive
of service tax and
education cess)

Rs. 10,000 per annum

for all modes except for
monthly mode
Rs 12,000 per annum for
monthly mode

No limit subject to underwriting approval

Guaranteed Sum
Assured

Depending on age at
entry and premium
payment term

No limit subject to underwriting approval

30 years