IN THIS PLAN, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER.

GIVE FLIGHT TO YOUR

CHILD’S AMBITIONS.
A unit-linked plan designed to support your child’s future.

IDBI Federal Life Insurance

Wealthsurance Future Star Plan

Unit-linked Insurance Products do not offer any liquidity during

the first five years of the contract. The policyholder will not be
able to surrender/ withdraw the money invested in Unit-linked
Insurance Products completely or partially until the end of the
fifth year.
 Introduction
IDBI Federal Wealthsurance Future Star Insurance Plan
My little princess calls me her genie because she sees me fulfilling all her demands immediately, just like magic, each
time. And I want to be her genie always, even as her little dreams and wishes grow along with her and become more
important aspects of her life; like higher education and marriage. But, this will need early and detailed planning
because big dreams call for bigger means. Sounds difficult? Not with my own financial genie - ‘IDBI Federal
Wealthsurance Future Star Insurance Plan’!

This financial genie is actually a powerful solution designed to help you to efficiently build wealth and fund your child’s
big dreams and aspirations comfortably. Plus, it keeps your little one financially secure under the protection of an
insurance cover for the parents.

So, backed by the Wealthsurance Future Star Insurance Plan, go ahead and weave the magic carpet in your child’s life.

*IDBI Federal Wealthsurance Future Star Insurance Plan will hereafter be referred to as Wealthsurance Future Star
throughout the brochure.

1
 The Introduction
Plan at a Glance

A Unit-linked Plan designed

to help you build a corpus
for your child’s future Life Cover for the parent

Life Cover benefit with immediate

lump sum payout upon death of
the insured parent, plus policy Choice of 2 investment
continuance with waiver of management options to grow
the due future premiums and manage the corpus

Investment choice of 9 Fund

offerings designed to appease Guaranteed Loyalty Additions
different risk-return appetites for long-term investments

Tax Benefits**- on the

premiums paid and the
benefits received
Read to know more.

**Please refer to the Tax benefits for details.

2
What is the Eligibility for the plan?
The Eligibility criteria for investing in Wealthsurance Future Star are tabulated below for easy reference:

Criteria Minimum Maximum

Age at Entry
Insured Person(s)
Parent, Guardian, Grand parent 18 years 54 years

Attained age at Maturity of Insured Person(s) 28 years 64 years

Policy term 10 years 25 years

Premium Payment Term 5 years Up to the policy term

Premium Payment Mode Annual

Premium Amount ` 25,000 annually ` 95,000 annually

Sum Assured Sum Assured is fixed as per the below criteria

For insured person of age below 45 years:
Higher of
• 10 times the Annual Premium
• 0.5 x Policy Term x Annual Premium

For insured person of age 45 years and above:

Premium Payment Term less than 8:
• Higher of 7 times Annual Premium
• (0.25 x Policy Term x Annual Premium)

Premium Payment Term equal or greater than 8:

• Higher of 10 times Annual Premium
• (0.25 x Policy Term x Annual Premium)
All ages are as per their last birthday

3
What are the key benefits of
Wealthsurance Future Star ?
Wealthsurance Future Star is a high-power investment vehicle that comes with a host of dynamic features designed
to give you an enjoyable drive along the financial route of life. Drive it slow and steady or race it – you are at its
steering wheel all through.

Plan as per your Needs Stay invested and gain

You get the flexibility to choose: Receive Guaranteed Loyalty Additions1 as a reward for
being a long term investor.
Premium Amount: Starting from a minimum of
`25,000 per annum, you decide the annual
investment for your child. Life Cover option to secure
Premium Payment Term: Choose to pay your your child’s dreams
premiums for a limited period or for the entire With Wealthsurance Future Star, you secure your
policy term. child’s dreams financially. This plan comes with a life
cover which ensures that in the unfortunate scenario
of the insured parent not being alive, the child will get
financial support with an immediate death benefit
Invest your money your way and the policy continuation with complete waiver on
You are spoilt for choice with 9 investment fund the due future premiums.
offerings that allow you to invest your money as per
your priorities and risk appetite.

Tax Benefits
Choose from our Investment
Tax benefits under section 80 C and 10 (10D) are
Management options applicable as per provisions of the Income Tax Act,
You may self manage your investments if you like or 1961. You are advised to consult your tax advisor for
leave it completely to our team of experts. An details. Please note that tax laws may change from
additional option is the Systematic Allocator facility time to time.
which balances your fund allocation neatly between
Conditions apply
1
the aggressive and conservative funds for the twin
benefits of growth and safety.

4
How does the plan work?
Wealthsurance Future Star being a combination of investment and protection gives you 2 accounts:

Investment Account: This account maintains the portion of your premium used to build wealth through the market
linked investments.
The premium amount (less applicable charge) is invested into the fund options selected and in the proportion
specified by you.
The Fund Value in this account reflects the wealth built over time on the basis of your premium contribution and
the returns accrued from the investment options chosen.
Insurance Account: This account reflects the benefit amount under the life cover aspect of the Wealthsurance Future
Star. This amount is a multiple of your annual premium.
The charges for this benefit are deducted from your Investment Account.

How to customise the plan?

Your child is unique and so are her dreams! Hence, your Wealthsurance Future Star also needs to be customised to
her aspirations. You may do this in 5 simple steps (if you fulfil the eligibility criterion mentioned earlier):

Identify the corpus or the wealth that you want to build to fulfil your child’s dreams

Specify the amount (premium) that you wish to contribute and the term for which
you want to continue making this contribution (premium payment term)

Choose the duration (policy term) for which you want to remain invested

Select your preferred investment management option to effectively

utilise and manage your money towards your financial goals

Finalise the amount (Sum Assured) for financial protection of your child from the life cover aspect of the plan
A detailed look at each step will help you to understand the plan benefits better.

5
Step 1: Identify the corpus Step 2: Specify the premium
that you want to build to amount and the premium
fulfil your child’s dreams payment term
You want your child to get the best education and Wealthsurance Future Star gives you the flexibility in
training in whatever career path he/she chooses. determining the duration for which you want/can
However, with the rising demand and inflation, you continue paying the premiums from a minimum of 5
need to identify what it might cost you at that stage in years to a maximum equalling your policy term.
life and invest today to achieve it, therefore.
You also get the flexibility to select the annual
To get this estimate, you may follow the simple steps premium amount starting from a minimum of `25,000.
listed below:
As this amount remains constant until the end of the
a. Select from the popular career options tabulated policy and is a prime factor in building wealth for your
below and note their approximate cost according child’s future, you may adopt one of the below
to today’s estimates#. mentioned approaches to work out this amount:
Career Law Overseas a. Create your Wealthsurance Future Star, with the
M.B.A. Engineer Doctor Graduate Studies
Options
premium amount required to be contributed
Cost in ` 5,00,000 4,00,000 7,50,000 7,50,000 15,00,000 annually to build the corpus calculated in Step 1
within the defined time period;
a = Your selection from the above options. b. Decide the premium amount based on your saving
#
Source - Prospectus and websites of colleges. capacity and use it to build a corpus over the time.
Estimate includes the cost of study material, books and tutorials.
All the costs mentioned above are approximate and the actual costs may vary
depending on the choice of institutes.

b. Take into account the rise in education expenses Step 3: Select your
over time by selecting an inflation multiplier nearest preferred investment
to your child’s present age, from the table below:
management option
Child's Age Today New-Born 3 years 5 years 7 years 10 years
Wealthsurance Future Star helps you to grow and
maintain your corpus efficiently with a choice of 2
Inflation Multiplier 5.56 4.18 3.45 2.85 2.14
Investment Management options that work with fund
offerings from the IDBI Federal Investment Basket®.
b = The inflation multiplier as per your child's age.
Note: Inflation for education expenses is assumed at IDBI Federal Investment Basket is a composition of a
10% per annum wide range of funds that invest in stocks, bonds and
money market. This fund variety is designed to
c. Multiply (a) with (b) to know the amount that you appease different risk-return appetites. The returns
would require in lump sum to fund your child’s on these funds are dependent on the market
education when he/she turns 18 years old. performance.

6
Investment Management Options:
i. Do-it-Yourself:
This option gives you the freedom to deploy your money in your chosen funds, in your defined proportion and revise
this from time to time, if you wish. This option is most suitable for individuals who have the time and inclination to
manage their investments.
The investment funds available under this option are as tabulated below:
Investment Risk - return
Fund Name Allocation
Pattern Profile

Equity Growth Fund (SFIN: ULIF04111/01/08EQOPP135): Equities and 50%-100% The returns from the
Invests in listed stocks and aims to generate high returns Equity-linked Equity Growth Fund
by picking stocks that have growth prospects. It aims to Instruments are likely to be high
diversify the risk involved by investing in large cap as well but the risk is also high
Cash and 0%-50%
as the mid cap stocks, and across multiple sectors. The
Money Market
fund will usually have a high proportion of investments in
equities and equity-linked instruments other than in
market conditions that warrant diversification into cash
and money market.
Fund Management Charge: 1.35%

Midcap Fund (SFIN: ULIF06824/11/09MIDCAP135): Large Cap 0%-50% The returns from the
Invests in mid cap stocks with attractive growth Stocks Midcap Fund are likely
prospects. It aims to diversify risk by investing in large to be high but the risk
Mid Cap Stocks 50%-100% is also high.
cap as well as in cash and money market investments
when required. Cash and 0%-50%
Fund Management Charge: 1.35% Money Market

Pure Fund (SFIN: ULIF07205/08/10PURE135): Equities and 80%-100% The returns from the
Invests in money market and Equity and Equity-linked Equity-linked Pure Fund are likely to
instruments. The investments are made in those Instruments be high but the risk is
companies that do not belong to certain sectors engaged also high.
Cash and 0%-20%
in activities which are considered harmful for society at Money Market
large and aims to generate high returns by picking stocks
with medium to long term growth prospects.
Examples of activities considered harmful to the society
include but not limited to gambling, speculative
investments, tobacco and alcohol.
Fund Management Charge: 1.35%

7
 Investment Risk - return
Fund Name Pattern Allocation Profile
Bond Fund (SFIN: ULIF04011/01/08BOND135): Cash and 0%-80% The returns from the
Money Market bond fund are likely to
Invests in fixed income investments and money market.
be moderate and the
It aims to generate returns from interest coupons and Fixed Income 20%- 00% risk is also moderate.
the opportunities in a changing yield curve. The duration Investments
of the underlying portfolio may be high or low depending
on the market conditions.
The fund may use derivatives to meet its objective to the
extent permitted by the applicable guidelines.
Fund Management Charge: 1.35%

Income Fund (SFIN: ULIF04211/01/08INCOME135): Cash and 0%-75% The returns from the
Money Market income fund are likely
Aims to generate returns by investing in fixed income
to be related to short
investments and money market that carry low or Fixed Income 25%-100% term interest rates
medium market risk with the duration of the underlying Investments and the risk is also
portfolio being medium.
low.
Fund Management Charge: 1.35%

Liquid Fund (SFIN: ULIF04311/01/08LIQUID135): Money Market, 100% The returns from the
Cash and liquid fund are likely to
Invests in overnight money and other money market
Short-term be related to money
instruments.
Debt market rates and the
Fund Management Charge: 1.35% risk is also low.

8
ii. Leave-it-to-Us:
This option gives the task of managing your investments as per your defined risk-return appetite to our expert team.
Asset Allocator funds are investment funds exclusively available under this management option, tabled below for
your reference:

Investment Risk - return

Fund Name Pattern Allocation Profile
Aggressive Asset Allocator Fund Fixed Income 0%-50% The possible returns
(SFIN: ULIF04811/01/08AGGRESSIVE135): Investments from the Aggressive
Asset Allocator Fund
Aggressive Asset Allocator Fund aims to generate returns
Money Market 0%-50% are high but the risk is
by taking asset allocation decisions between the money
also high.
market, fixed income and equity within the specified
range. Equity investments would be made with an aim to Equity 50%-100%
generate high returns by picking stocks that have growth
prospects.
Fund Management Charge: 1.35%
Moderate Asset Allocator Fund Fixed Income 50%-100% The possible returns
(SFIN: ULIF04911/01/08MODERATE135): Investments from the Moderate
Asset Allocator Fund
Moderate Asset Allocator Fund aims to generate returns
Money Market 0%-50% are high but the risk is
by taking asset allocation decisions between money
also high. However, the
market, fixed income and equity within the specified
returns and risk may be
range. Equity investments would be made with an aim to Equity 0%-50%
lower than Aggressive
generate high returns by up picking stocks that have
Asset Allocator Fund in
growth prospects.
view of lower exposure
Fund Management Charge: 1.35% to equity assets.

Cautious Asset Allocator Fund Fixed Income 75%-100% The possible returns
(SFIN:ULIF05011/01/08CAUTIOUS135): Investments from the Cautious
Asset Allocator Fund
Cautious Asset Allocator Fund aims to generate returns
Money Market 0%-25% are moderate but the
by taking asset allocation decisions between the money
risk is also moderate in
market, fixed income and equity within the specified
view of lower exposure
range. Equity investments would be made with an aim to Equity 0%-25%
to equity assets.
generate high returns by picking stocks that have growth
prospects.
Fund Management Charge: 1.35%

9
Systematic Allocator facility: This tool is specially Systematic Allocator Glide Path
designed to cater to the key needs of balancing Proportion Proportion
growth and safety on investments. As your Balance time for
allocated allocated to
Wealthsurance Future Star nears maturity, it becomes the plan to attain
to the Equity the Income
essential to ensure the wealth accumulated over the maturity (in years)
Growth Fund Fund
years is not risked by some sudden drop due to the
unfortunate market fluctuations. 1 5.00% 95.00%
Systematic Allocator is a programmed investment 2 10.00% 90.00%
solution in which the fund mix becomes more
conservative (i.e. more debt-oriented with an attempt 3 15.00% 85.00%
to reduce the risk of loss) as the investment goal
comes closer to fulfilment. 4 20.00% 80.00%
As per this strategy, your funds will be
5 25.00% 75.00%
proportionately invested in Equity Growth Fund (a
high risk fund) and Income Fund (a low risk fund)
6 30.00% 70.00%
based on the balance time to maturity of your plan
(end of your policy term). As your plan approaches 7 35.00% 65.00%
maturity, funds will be proportionately allocated to
the Income Fund from the Equity Growth Fund. By 8 45.00% 55.00%
reducing the investment in Equity Growth Fund, the
risk of a sudden drop in the equity market affecting 9 50.00% 50.00%
your accumulated fund value reduces.
Balance time to maturity (in years, rounded up to the 10 55.00% 45.00%
nearest integer) of your plan is used to determine the
11 60.00% 40.00%
proportion of allocation to the Equity Growth Fund
and the Income Fund. This proportion is pre-defined
12 65.00% 35.00%
by the Systemic Allocator "Glide Path". The premiums
you invest will be allocated as per this Glide Path. At 13 70.00% 30.00%
each policy anniversary, we will rebalance the fund
value in Equity Growth Fund and Income Fund on the 14 75.00% 25.00%
basis of the time remaining for the plan to attain
maturity, as shown in the table: 15 and above 80.00% 20.00%

10
You may choose the Systematic Allocator facility at Units for renewal premiums or instructions of
the time of policy purchase. Alternately, you may also switches in investment fund(s), received before the
switch to this option on any policy anniversary. Once cut-off time at the company’s designated offices will
you have chosen the Systematic Allocator, you will not be allocated on the basis of the same day’s NAV. If
be allowed to manually switch or redirect your received after the cut-off time, the units will be
premiums between the investment funds. However, allocated on the basis of the next business day’s NAV.
you may switch back to the ’Do-it-yourself’ strategy at Renewal premiums paid through outstation cheques
anytime during the plan term. or outstation demand drafts will be allocated units as
There are no additional charges for the Systematic per the NAV on the business day of realisation of the
Allocator facility. However, the underlying fund cheques or demand drafts. In case, you pay your
management charges applicable to the Equity Growth renewal premiums in advance, the units will be
Fund and Income Funds will apply. allocated as per the NAV prevailing on the due date of
the premium due.
Minimum allocation to a fund:
In case of cancellation of units for charges and valid
The minimum amount of premium allocated or
notification and instructions received at the
redirected to any investment fund should be at least
company’s designated offices for switches, partial
15% of the annual premium. However, this is not
withdrawals, surrenders and death claims, the same
applicable for the Systematic Allocator facility.
day’s NAV is applicable if the request is received
Unit price (Net Asset Value) formula: before the cut-off time. Else, the request will be
The Net Asset Value (NAV) is determined using the processed at the next business day’s NAV.
market value of assets in accordance with the The cut-off time is as per the IRDAI guidelines, which,
regulatory requirements. at present is 3.00 pm.

(Market value of investments held by The suspension of unit pricing should be only on
the fund + Value of current assets - Value external events to the insurer.
Net Asset of current liabilities & provisions if any) Force Majeure Condition
Value =
(NAV) Number of Units existing on valuation Force Majeure: Under ‘Force Majeure’ conditions, the
date (before creation/redemption Company may suspend unit pricing in the general
of Units) interest of the holders of unit linked policies.
The NAV calculated as per the above formula shall be a. The Company will value the Funds on each day
declared on our website daily in accordance with the that the financial markets are open. However, the
regulations of IRDAI. Company may value the Funds less frequently in
extreme circumstances external to the Company,
Applicable NAV: where the value of the assets is too uncertain. In
Units will be allocated on new business premiums at such circumstances, the Company may defer the
the NAV applicable on the policy start date and after valuation of assets for up to 30 days until the
completion of the proposal. Company feels that certainty as to the value of
assets has been resumed. The deferment of the

11
 valuation of assets will be with prior consultation Account Statement: We will send you the account
with the IRDAI. statement every year at the policy anniversary.
b. The Company will make investments as per the
Fund Mandates given above. However, the Step 4: Choose the Sum Assured
Company reserves the right to change the amount and Coverage Options
exposure of all/any Fund to money market
instruments to 100% only in extreme situations for Life Insurance benefit:
external to the company, keeping in view market Finalise the Sum Assured as an amount that would
conditions, political situations, economic comfortably take care of your child’s financial needs
situations, war/war-like situations, terror in the unfortunate scenario of you not being alive. The
situations. The same will be put back as per the Sum Assured for this plan is based on age at entry,
base mandate once the situation has corrected. policy term, premium payment term and annual
c. Some examples of such circumstances [in premium. For details please refer the eligibility
Sub-Section a) & Sub-Section b) above] are: criteria.
When one or more stock exchanges which provide Death Benefit:
a basis for valuation for a substantial portion of the Wealthsurance Future Star offers the following
assets of the Fund are closed otherwise than for options under life cover benefit:
ordinary holidays.
In the event of an unfortunate death of the life
When, as a result of political, economic, monetary insured, all future premiums payable are waived off
or any circumstances out of the control of the and the following benefits come into force:
Company, the disposal of the assets of the Fund
are not reasonable or would not reasonably be The Sum Assured is paid out as a lump sum
practicable without being detrimental to the amount; plus
interests of the remaining Policyholders. All future premiums payable (if any) are waived off
During periods of extreme market volatility during and additional units for an amount equal to the
which Surrenders and Switches would be sum of all future premiums are credited to the
detrimental to the interests of the remaining chosen investment fund(s) in a single lump sum.
Policyholders. The fund value in the Investment Account
continues to grow as planned and is paid at the
In the case of natural calamities, strikes, war, civil end of the policy term as chosen by the insured
unrest, riots and bandhs. person at the time of policy purchase.
In the event of any force majeure or disaster that In case the value of the complete death benefit which
affects the normal functioning of the Company. equals the Sum Assured + sum of future premiums
If so directed by the IRDAI. due is less than 105% of the total premiums paid until
death, then, the differential is also paid along with the
d. The Policyholder shall be notified of such a
Sum Assured as part of the benefit.
situation if it arises.

12
Sum Assured is fixed as per the below criteria The instalment pay-outs are tabulated below for
For insured person of age below 45 years: reference:

Higher of 10 times Annual Premium or Balance period

Instalment amount
to end of term
(0.5 x Policy Term x Annual Premium)
4 years 20% of fund value on that date

For insured person of age 45 years and above: 3 years 30% of fund value on that date
Premium Payment Term less than 8:
2 years 40% of fund value on that date
Higher of 7 times Annual Premium or
(0.25 x Policy Term x Annual Premium) 1 year 50% of fund value on that date

End of Term Remaining fund value

Premium Payment Term equal or greater than 8:
Higher of 10 times Annual Premium or Suicide Exclusions: Death benefit is not paid in the
event of suicide within 12 months from the
(0.25 x Policy Term x Annual Premium) commencement of the plan or within 12 months from
the date of revival of the policy. If the life insured
commits suicide within 12 months of the policy start
Wealthsurance Future Star also gives you a choice or revival date, the death benefit is limited to the fund
from two benefit options under the Life Cover benefit value and the policy is terminated.
which you can choose at the time of the policy
purchase:
The policyholder may select either of the option or
both the options at policy inception.
i. Wealth Care Switcher Benefit: On the death of the
policy owner, this benefit option switches the
existing investment management strategy to the
Systematic Allocator facility. This ensures that
accumulated corpus is well managed for growth
and is not exposed to the market risk as it
approaches maturity.
ii. Education Support Benefit: On the death of the
policy owner, the fund value is paid out in
instalments during the last five policy years
instead of a lump sum amount at maturity. These
instalments can be used to support the child’s
educational needs.

13
Step 5: Choose your policy withdraw the entire fund value at any time during the
settlement period. By paying the entire fund value to
term based on the milestones the policy owner; as duly accrued under the policy;
in specific to your child: the Company is fully discharged and absolved from all
the liability that arose under the policy.
At the end of the policy term you receive the maturity
value, the life cover benefit ceases and the policy
terminates. Choice of Instalment paid
Hence, it is essential to define the policy term on the the (expressed as a percentage of Fund
basis of the major milestones of your child’s future settlement Value available at the end of each
period year during settlement period)
that would need the corpus.
(in years) Year 1 Year 2 Year 3 Year 4 Year 5
Choice of policy term: You may specify any policy term
from a minimum of 10 years up to a maximum of 25 2 50% 100% - - -
years.
Maturity Benefit: 3 33% 50% 100% - -
The maturity benefit is equal to the fund value in your
Investment Account on the date of maturity. Upon 4 25% 33% 50% 100% -
payment of the maturity benefit, your Wealthsurance
5 20% 25% 33% 50% 100%
Future Star plan gets terminated.
Opt for maturity proceeds through Settlement
Option: You may choose to withdraw your maturity
benefit in instalments within 5 years from the
maturity date instead of redeeming the entire
amount on the maturity date itself. During this period,
your fund value will continue to participate in the
performance of unit-linked funds as chosen by you
and you will also bear the associated investment risks.
The applicable charges for fund management will be
deducted by the company, and no switching or partial
withdrawals will be allowed during this period. Life
Insurance benefits cease at maturity of the plan and
are not applicable during the period of the
settlement. In case of death of the policyholder during
the settlement period, only the available fund value
shall be paid.
You may choose from any of the settlement options
listed below, at the least 3 months before the
maturity date. You will also have the flexibility to

14
What are the other benefits?
Realise your goals with Guaranteed Loyalty If you surrender within the lock-in period of 5
Additions: An impetus for your wealth multiplying years, a ‘Discontinuance Charge^’ is deducted
goals, loyalty additions are credited to your policy at from your fund value. The resulting value is
the end of the 10th policy year and at the end of every credited to the discontinued policy fund and the
5 years thereafter. So, stay invested and gain! insurance benefit ceases. At the end of the lock-in
period, your policy terminates and the proceeds of
The Guaranteed Loyalty Additions will be 3% of the
the discontinued policy are refunded.
average fund value, in the last 36 months preceding
the loyalty unit allocation date. In case you have If you surrender the policy after the lock-in period
invested in multiple funds, the loyalty additions will of 5 years, no ‘Discontinuance Charge’ is applied
be added to each fund in the same proportion as and you get the entire fund value as on the date of
the fund value in each fund bears to the total fund surrender.
value.
^Know more about ‘Discontinuance Charge’ in the
Use Partial Withdrawal facility after 5 years in an section on ‘Discontinuance of Premiums’
emergency: In case of an emergency requirement of Change your plan as per your needs: Flexibility is an
funds, you are allowed to make partial withdrawals inherent feature of the Wealthsurance Future Star, as
but only after the lock-in period of 5 policy years. The it is evident from the features explained below:
following conditions apply:
1. Discontinuance of Premiums:
The total partial withdrawals in a policy year
cannot exceed 20% of the fund value at the a. Discontinuing premiums after 5 years from the
beginning of that policy year; policy start date:
The minimum amount of partial withdrawal is After payment of all due premiums in the first five
`10,000 but the fund value after the partial years, if you fail to pay the due premium within
withdrawal should not be less than one annual the grace period of thirty days, you are given a
premium; notice within a period of fifteen days from the date
of expiry of the grace period. You are entitled to
Units equivalent to the value of each withdrawal exercise, within a period of thirty days from the
will be cancelled from the unit-linked funds receipt of such a notice, the following options:
according to the proportions as specified by you.
Revive the policy within a period of two years:
You may surrender your policy after 5 years in an
emergency: Wealthsurance Future Star is your long You get a revival period of two years from the date
term investment commitment towards your child’s of discontinuance of the premium. During this
future. However, you are allowed to surrender your period, the policy is deemed to be in force with
policy in emergency situations, if any. risk cover as per the terms and conditions of the
policy. If you exercise the option to revive the

15
 policy by payment of due premiums within the a period of thirty days from the receipt of such a
revival period, the insurance benefits along with notice, the option of either revival of the policy within
the investment made in the segregated funds, less a period of two years by making a payment of all the
applicable charges, shall be continued, subject to due premiums or a complete withdrawal of the policy.
the underwriting guidelines. The policy will remain in force and the fund value will
Completely withdraw from the policy without continue to be a part of the segregated funds chosen,
any risk cover: till you exercise your option, or until the expiry of
thirty days’ notice period from the date of receipt of
If you exercise the option of complete withdrawal
the notice, whichever is earlier.
or if you do not exercise any option within the
thirty days’ notice period, your policy terminates, If you exercise the option of complete withdrawal or if
the insurance benefits cease and the fund value is you do not exercise any option within the thirty days’
refunded. notice period, the fund value less the discontinuance
charge is credited to the discontinued policy fund and
Convert the policy into a paid-up policy:
the insurance benefits cease.
Under this option, the Sum Assured will be revised
The discontinued policy fund is a segregated fund that
to the paid-up Sum Assured. The paid-up Sum
aims to generate returns by seeking to invest
Assured is equal to the Sum Assured multiplied by
primarily in money market instruments and
the total number of premiums paid divided by the
Government securities, and will provide a minimum
original number of premiums payable. At the
guaranteed interest rate of 4% p.a. from the date of
beginning of each policy month, we will monitor
discontinuance or as per the prevailing regulations.
the fund value of the paid-up policy and terminate
The excess income earned in the discontinued policy
the policy if the estimated fund value is less than
fund over and above the minimum guaranteed
the annual premium, we will immediately
interest rate shall also be apportioned to the
terminate the policy and pay the fund value,
discontinued policy fund in arriving at the proceeds of
subject to a minimum value of one annual
the discontinued policies and shall not be made
premium.
available to the shareholders.
The policy will remain in force and the fund value
The fund management charge levied on the
will continue to be a part of the segregated funds
discontinued policy fund is recovered after ensuring
chosen, till you exercise your option, or until the
the guaranteed return. At the end of the lock-in
expiry of thirty days’ notice period from the date
period of five years from commencement of the
of receipt of the notice, whichever is earlier.
policy your policy gets terminated and the proceeds
b. Discontinuing premiums within 5 years of the of the discontinued policy are refunded.
policy start date:
In case you exercise the option of a complete
Within the first five years from the policy start date if withdrawal, the policy cannot be revived.
you fail to pay the premium within the grace period of
If you exercise the option to revive the policy by
thirty days from the due date, you are sent a notice
payment of due premiums within the revival period,
within a period of fifteen days from the date of expiry
the insurance benefits along with the investment
of the grace period. You are entitled to exercise within

16
made in the segregated funds less applicable charges
shall be continued, subject to meeting our
underwriting guidelines. In case you opt to revive your
policy within the revival period, the outstanding policy
administration charge and premium allocation charge
is recovered while the discontinuance charge
deducted, is added to the fund value and you are
allotted units of the segregated funds chosen, at the
NAV as on the date of revival.
For policies which have not completed two years of
revival period, at the end of the lock-in period you are
sent a notice within a period of fifteen days from the
date of expiry of lock-in period to exercise the below
options. You may need to exercise your option within
a period of thirty days of receipt of such a notice:
To revive the policy within the revival period;
Completely withdraw from the policy without any
risk cover;
Receive the proceeds of the policy at the end of
the lock-in period or revival period, whichever is
later.
If you exercise the option of a complete withdrawal or
if you do not exercise any option within the notice
period of thirty days, the fund value will continue to
remain in the discontinued policy fund till the policy is
revived or up to the end of the revival period
whichever is earlier. The proceeds of the discontinued
policy will be refunded only upon completion of the
lock-in period.
If you exercise the option to receive the proceeds of
your policy at the end of the lock-in period or revival
period, the fund value will continue to remain in the
discontinued policy fund until the policy is revived or
up to the end of the revival period whichever is
earlier. If the policy is not revived within the revival
period of two years, the proceeds of the discontinued
policy fund are refunded.

17
Discontinuance Policy Fund: This fund is available only on discontinuance of the policy.

Investment Objective & Strategy Asset Category Allocation Risk-Return

Profile
The objective of the fund is to invest in a portfolio of money Money Market 100% Low
market and fixed income instruments, to generate minimum Instruments
returns as prescribed by IRDAI from time to time.
To keep the volatility of returns low, the fund invests in
instruments with minimal market risk, and to minimize the credit
risk, the fund invests in money market and high quality fixed
income instruments.
Fund Management Charge - 0.50% per annum.

The minimum guaranteed interest rate applicable to the discontinued policy fund is 4 percent per annum.

Discontinuance charge: The premium discontinuance charge is decided as per the policy year in which the policy is
discontinued.

Policy year in which the Premium discontinuance Premium discontinuance charge

policy is discontinued charge for premium ` 25,000/- for premium above ` 25,000/-
Lower of 20% x (AP or FV) subject to Lower of 6% x (AP or FV) subject to
1
a maximum of 3,000/- a maximum of 6,000/
Lower of 15% x (AP or FV) subject to Lower of 4% x (AP or FV) subject to
2
a maximum of 2,000/- a maximum of 5,000/-
Lower of 10% x (AP or FV)subject to Lower of 3% x (AP or FV)subject to
3
a maximum of 1,500/- a maximum of 4,000/-
Lower of 5% x (AP or FV)subject to Lower of 2% x (AP or FV)subject to
4
a maximum of 1,000/- a maximum of 2,000/-

5 onwards Nil Nil

AP – Annual premium FV - Fund Value on date of discontinuance

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2. Change your Investment Options: You may revise Rates per Annum per ` 1000 Sum at Risk (`)
your investment options as per your changing
requirements in the following ways: Mortality Charge
Age
Premium Redirection: With this option, you may Male Female
revise the investment strategy for your future 25 0.98 0.94
premiums. There are no charges levied on this
facility. 30 1.06 1.00
Switching: This facility allows you to shift your
investment, from one investment option to 35 1.28 1.12
another free of charge. There are no charges for
undertaking the switches. 40 1.80 1.45

45 2.87 2.14
What are the Charges associated with the plan?
50 4.95 3.57
The costs incurred in managing your policy,
investments and the accompanying benefits are the These charges may increase on the basis of an
charges associated with the Wealthsurance Future underwriting assessment of your family history and
Star, listed below for reference: medical condition.
Premium Allocation Charge: This charge gets Sum at risk is the higher of (105% of all premiums
deducted from the premium paid and the balance paid, Sum Assured + Sum of premiums to be waived)
premium amount is then transferred to your
Policy Administration Charge: To meet the costs of
investment account. Any taxes, duties or surcharges
your Wealthsurance Future Star and support the
of whatever description levied or that may be levied
benefits, a policy administration charge is levied. The
by any statutory authority, are deducted from your
charge is deducted at the beginning of each month by
investment account.
cancellation of units from your Investment Account.
The premium allocation charge in the first year of the Policy administration charge is given as below.
plan is 3.15% of the annual premium. However, there
The policy administration charge as a percentage of
is no premium allocation charge from the second year
the annual premium, deducted per month is:
onwards.
Mortality Charges: To meet the cost of Life Insurance Year Six till end
Policy Year First 5 Years
Benefit, Mortality Charge is deducted at the beginning of Policy Term
of each month by cancellation of the units in your
Policy
Investment Account. It is calculated on the basis of
Administration 6.30% p.a 3.15% p.a
the sum at risk.
Charge
i. The Mortality Charges (Goods & Services Tax and
cess as applicable) for sample ages of a healthy Fund Management Charges: These are 1.35% per
adult are tabulated : year for all the investment funds available.

19
Terms and Conditions
of the unit-linked life insurance contract and does not
in any way indicate the quality of the contract, its
Nomination future prospects, or returns. The various funds
Nomination will be allowed as per provisions of offered under this contract are the names of the funds
section 39 of Insurance Act, 1938 as amended from and do not in any way indicate the quality of these
time to time. plans, their future prospects and returns. The past
performance of the funds is not indicative of the
future performance.
Please be aware of the associated risks and the
Assignment applicable charges from your insurance agent or
Assignment and transfer of insurance policies will be intermediary or the policy document issued by us.
allowed as per provisions of section 38 of Insurance
Act, 1938 as amended from time to time.
For further information on Section 38 and 39 of the
Insurance Act, 1938 you may contact your
intermediary, or refer our website or refer The
Insurance Laws (Amendment) Act, 2015 for the
relevant sections.

Risks associated with

unit-linked products
Unit-linked life insurance products are different from
the traditional insurance products and are subject to
risk factors. The premiums paid in unit-linked life
insurance policies are subject to investment risks
associated with capital markets, and NAVs of the units
may go up or down, based on the performance of the
fund and factors influencing the capital market. The
insured is responsible for his/her decisions.
IDBI Federal Life Insurance Company Limited is the
name of the Insurance Company and IDBI Federal
Wealthsurance Future Star Insurance Plan is the name

20
Statutory information
equal to non-allocated premium plus charges levied
Section 41: by cancellation of units plus Fund Value at the date of
Prohibition of Rebate cancellation less expenses i.e. medical and stamp duty
incurred by us in respect of the policy. All the benefits
The Insurance Act, 1938, prohibits an agent or any under the policy will stand extinguished immediately
other person from passing any portion of his on the cancellation of the Policy under the free look.
commission to the customer whether as incentive or For electronic policies and the policies solicited
rebate of the premium. Section 41 of the Act states: through Distance Marketing mode*, free-look period
(1) No person shall allow or offer to allow, either of 30 days from the date of receipt of your policy
directly or indirectly, as an inducement to any document is applicable.
person to take out or renew or continue an *Distance Marketing mode includes every activity of
insurance in respect of any kind of risk relating to solicitation (including lead generation) and sale of
lives or property in India, any rebate of the whole insurance products through the following modes:
or part of the commission payable or any rebate of
the premium shown on the Policy, nor shall any Voice mode, which includes telephone-calling
person taking out or renewing or continuing a Short Messaging Service (SMS)
policy, accept any rebate, except such rebate as
may be allowed in accordance with the published Electronic mode which includes e-mail and
prospectuses or tables of the Insurer. interactive television (DTH)

(2) Any person making default in complying with the Physical mode which includes direct postal mail,
provisions of this Section shall be liable for a newspaper and magazine inserts
penalty which may extend to ten lakh rupees.

Free-look Period
You /Policyholder are entitled to a free look period of
15 days from the date of receipt of the policy
document to review the terms and conditions of the
policy. In case you do not agree with any of the terms
and conditions, you have the option to return the
policy to us for cancellation by communicating the
same in writing stating the reasons for objections. We
will refund you the premium amount which shall be

21
 Wealthsurance® and InvestmentBasket® are
registered trademarks and all rights are reserved with
Policy Document IDBI Federal Life Insurance Co. Ltd.

This brochure gives only the salient features of Trade Logo displayed belongs to IDBI Bank Limited,
Wealthsurance Future Star. It uses an The Federal Bank Limited and Ageas Insurance
easy-to-understand language to explain the features. International N. V. and used by IDBI Federal Life
Your plan is governed only by the full legal terms, Insurance Company Limited under license from
conditions and exclusions mentioned/contained in respective partners.
the Policy Document. Registered Office IDBI Federal Life Insurance Co Ltd.
The IDBI Federal Wealthsurance Future Star Insurance 22nd Floor, A Wing, Marathon Futurex, N. M. Joshi
Plan is a Unit-linked Insurance Plan underwritten by Marg, Lower Parel (East), Mumbai- 400013
IDBI Federal Life Insurance Company Ltd. Life Registration No. 135
Insurance coverage is available in this plan. Tax
Corporate Identity Number (CIN) -
Benefits are as per the Income Tax Act, 1961 and are
U66010MH2007PLC167164
subject to changes in the tax laws from time to time.
IDBI Federal Life Insurance Company Ltd. does not Product UIN: 135L038V01
assume responsibility on tax implication mentioned Ref. No. 13681/WFSIP/ENG/Print-PB/Aug17
anywhere in this brochure. Please consult your own
tax consultant to know the tax benefits available to
you.
IDBI Federal Life Insurance Company Limited is a Life
Insurance Company, registered with the Insurance
Regulatory and Development Authority of India
(IRDAI).

22
How to contact us:
You can reach us in the following convenient ways.

Branches Write
Visit or call any branch of IDBI Bank, Write to customer service desk:
Federal Bank or IDBI Federal Life Insurance Co Ltd,
IDBI Federal Life Insurance Co Ltd. 22nd Floor, A Wing, Marathon Futurex,
For the list of branches, N. M. Joshi Marg, Lower Parel - East,
please visit www.idbifederal.com Mumbai - 400013, India.

Phone Website
Call our nationwide toll free number Visit our website
1800 209 0502 from Monday to Saturday www.idbifederal.com
at any time between 8 am to 8 pm.

Email
Email us at:
[email protected]

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS

IRDAI clarifies to public that:
• IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums.
• IRDAI does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone
call, number.

23