Tuesday, March 29, 2011

A new Wealthsurance premier insurance plan from IDBI Federal Life

IDBI Federal Life Insurance Company Limited has launched a wealth building plan targeted at high net worth individuals through its IDBI Federal Wealthsurance Plan. It’s a ULIP plan with a one time payment. For further information regarding this new policy please call on our toll free number here.

An attempt to give out the best returns in the market in its class the investment structure here is very interesting. There are a variety of investment funds and protection benefits in this plan. This plan will facilitate the creation of wealth on a long term basis. There are a total of 13 investment fund options.

The individual is insured against death, 17 major diseases, 13 accidental injuries and serious illness’s which require hospitalization or disablement. Thus the income earning capacity of the insured individual is not affected.

The minimum investment option is 5 lakhs. Further investments in the multiples of 10,000 can be made. There are no allocation charges or policy administrations charges involved for investments above 25 lakhs. The options in terms of time, ranges between 5 to 75 years.
The policy provides a variety of benefits for High Net worth Individuals (HNI)’s. Tax benefits under section 10(10D) and 80C can be taken advantage of on contributions, returns and even benefits. The usual benefits like assured returns, variable returns linked to market performance. In certain options the returns are directly linked to the equity markets but the initial capital investment is protected.

Plenty of options to choose from for those who have the capacity to invest.

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