Ageas Federal Life Insurance Group Credit Shield Plan Cover For Federal Bank Credit Card Holders (UIN: 135N087V02)

A Single premium, Non-Linked, Non-Participating, Group Pure Risk Premium, Life Insurance Plan.

Introducing Ageas Federal Life Insurance Group Credit Shield Plan II, that insures credit card liability of Federal Bank credit card holders. The plan offers Sum Assured equal to Credit card limit and covers the credit card liability in case of the borrower’s demise.

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Federal Bank group credit shield plan

DISCLAIMER:

By clicking "Submit", you will be re-directed to a third party website i.e., website of Ageas Federal Life Insurance (hereinafter ‘‘third party website’’) .The Federal Bank Ltd. (hereinafter referred to as “Federal Bank”) would be sharing certain data/information related to you to Ageas Federal Life Insurance which are necessary for enabling the purchase of insurance products by you from Ageas Federal Life Insurance .By proceeding further, you are deemed to have given your explicit consent to Federal Bank for sharing the aforesaid data/information with Ageas Federal Life Insurance.

You understand and acknowledge that your access to the third party website and your availing of any services/purchase of any insurance products offered on the third party website or reliance on any opinion, statement, or information available on the third party website shall be at your sole risk and responsibility. Federal Bank does not guarantee the accuracy or completeness of the services, information, products, materials or the reliability of any service, insurance product/s , advice, opinion, statement or other information displayed or distributed through the third party Website . All Services and insurance products offered through the third party website are facilitated by Ageas Federal Life Insurance and Federal Bank accepts no responsibility or liability whatsoever in respect of the same.

The Federal Bank Limited is a Corporate Agent having registration number - Regn. No. CA0227.  The service provided by The Federal Bank Limited is purely an agency service and is carried out strictly on a non-risk participation basis. The Federal Bank Limited, as corporate agent, does not underwrite the risk or act as an insurer. Participation by the Federal Bank’s customers in the insurance product is purely on a voluntary basis and is not linked to the availment of any other facility from the Federal Bank Limited.

Product Disclaimer

This brochure gives only the salient features of the Ageas Federal Life Insurance Group Credit Shield Plan II. It uses easy-to-understand language to explain the features. Your plan is governed only by the full legal terms, conditions and exclusions as contained in the policy document and certificate of insurance.

Please read the master policy document / certificate of insurance for more details.

Ageas Federal Life Insurance Group Credit Shield Plan II (UIN: 135N087V01) is a Single premium, Non-Linked, Non-Participating, Group Pure Risk Premium, Life Insurance Plan and no benefits other than those indicated in this brochure are payable. This product does not participate in the profits of the Company. Substandard lives will be charged extra premium. There are no riders attached to this plan.

This product is underwritten by Ageas Federal Life Insurance Company Limited (Formerly known as IDBI Federal Life Insurance Complany Ltd.) (Regn. No 135; Corporate Identity Number (CIN) – U66010MH2007PLC167164) having its registered office at 22ndFloor, A Wing, Marathon Futurex, N. M. Joshi Marg, Lower Parel – East, Mumbai – 400013, Maharashtra. Website: www.ageasfederal.com. Toll-Free: 1800 209 0502.

Tax benefits are as per the Income Tax Act, 1961 and are subject to changes in the tax from time to time. Ageas Federal Life Insurance Company Limited does not assume responsibility on tax implication. Trade Logo displayed above belongs to The Federal Bank Limited and Ageas International Insurance N. V. and used by Ageas Federal Life Insurance Company Limited under license from respective partners. Ref. No: XXXXXXXXXXXXXXXX