Frequently Asked Questions-wealthsurance-growth-insurance-plan

1. How can I check the status of my application? To know the status of the application, the insurance buyer needs to visit the website of Federal. The insured can check the status of the application online with his/her unique application number. 2. What if I am unable to do premium payment on time? If the insured is unable to pay the premium on time, then the policy will lapse and he/she will have to renew the policy within 2 years from the day of lapsation. You can refer to your product documents to know more about this. 3. Can I surrender my policy? Yes, you can. After the completion of 5 policy years, you can surrender the policy anytime you want. In case of policy is surrendered prior to the completion of 5 years, the fund value net of discontinuation charge will be credited to the policy fund where a 4% per annum growth is earned. After the 5 years of policy is completed, the fund value as on that date in the discontinued policy fund will be paid to you. After the completion of 5 policy years, on the date of surrender, the entire fund value is paid without any charges. 4. How many days of free look period are provided by the policy? If the insured has not made any claim, then he/she can cancel the policy under free look period of 15 days.The free look period is provided by the insurer during which the life insured can cancel the policy if he/she is dissatisfied with the policys terms and conditions. 5. What are the fund options available under the policy? The following 9 funds are available under this policy: Equity Growth Fund Midcap Fund Pure Fund Bond Fund Income Fund Liquid Fund Aggressive Asset Allocator Fund Moderate Asset Allocator Fund Cautious Asset Allocator Fund New Delhi Marathon to be sponsored by IDBI Federal Life Insurance 8 Day Claim Settlement Guarantee by IDBI Federal Seven New Plans by IDBI Federal Life Insurance