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Ageas Federal Life Insurance iSecure Plan

Ageas Federal Life Insurance iSecure Plan (UIN: 135N088V01)

A Non-linked, Non-participating, Individual, Pure Risk Premium and Savings Life Insurance Plan

Key Features

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Get life cover at an affordable price along with return of premium option
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Get easy flexibility to choose policy term basis your life stage and responsibilities
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Choose from premium payment options basis your ease and payment preference
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Choose from 2 plan options to secure your family financially
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Option for increased Sum Assured based on certain life events to cater to your evolving needs basis your life
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Option to enhance protection with Accidental Death Benefit
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Get differential rates for females and non-tobacco users as applicable
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Tax benefits may be available on premiums paid and benefits received as per prevailing tax laws

 

Eligibility

Age at Entry
(as on last birthday)

Minimum

For Base Plan Option
21 Years

For Accidental Death Benefit Cover
21 Years

Maximum

For Base Plan Option
65 Years;

For Accidental Death Benefit Cover
60 Years

Age at Maturity
(as on last birthday)

Minimum

For Regular and Single pay 31 Years;

For Limited Pay

7 PPT - 33 Years

10 PPT - 36 Years

15 PPT - 41 Years

20 PPT - 46 Years

25 PPT - 51 Years

Maximum

For Base Plan Option
85 Years

For Accidental Death Benefit Cover:
75 Years.

Premium Payment Mode

  

Single Pay, Yearly, Half-Yearly and Month

Sum Assured

Minimum

Rs.5000000

Note: Sum Assured(SA) will be in multiples of Rs.5 lakhs till Rs.1 Crore, post which it will be in multiples of Rs.25 lakh.

The above multiples may not be applicable of Life Stage Cover and cases where SA needs to be changed on account of underwriting requirement(s).

Maximum

No Limits*

Accidental Sum Assured: 2 Crores

Policy Term for Accidental Death Benefit

Minimum

10 Years

Maximum

Lower of (54 years; 75 - Age at Entry)

Note: PT for ADB Cover is the policy term of the base plan or upto the policy anniversary on which the attained age (last birthday) of the Life Assured is 75 Years, whichever is earlier

Premium Paying Term for Accidental Death Benefit

Maximum

Lower of (54 years; 75 - Age at Entry)

Policy Term (Years)

Minimum

Regular Pay

10 Years

Single Pay

Limited Pay

7 PPT - 12 PT

10 PPT - 15 PT

15 PPT - 20 PT

20 PPT - 25 PT

25 PPT - 30 PT

Maximum

Regular Pay

Limited Pay

Single Pay

For Base Plan Option:
Lower of (64 years; 85 - Age at Entry)

For Accidental Death Benefit Cover:
Lower of (54 years; 75 - Age at Entry)

Premium Paying Term (Years)

Minimum

Regular Pay

10 Years

Limited Pay*

7 Years

Single Pay

Single Pay

Maximum

Regular Pay

For Base Plan Option:
Lower of (64 years; 85 - Age at Entry)

Limited Pay*

25 Years

Single Pay

Single Pay
 

*Limited Pay Options are 7,10,15,20 & 25 Years

*PPT: Premium Paying Term                           *PT: Policy Term.

^ All ages are as per age last birthday.

Brochures

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Disclosure - Ageas Federal Life Insurance iSecure Plan

Disclaimer

Disclaimer


This brochure gives only the salient features of the Ageas Federal Life Insurance iSecure Plan. 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. Ageas Federal Life Insurance iSecure Plan (UIN 135N088V01) is a Non-linked, Non-participating, Individual, Pure Risk Premium and Savings 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. This product is underwritten by Ageas Federal Life Insurance Company Limited (Regn. No 135; Corporate Identity Number (CIN) – U66010MH2007PLC167164) having its registered office at: 22nd floor, A wing, Marathon Futurex, N.M. Joshi Marg, Lower Parel – East, Mumbai – 400013, Maharashtra. Ageas Federal Life Insurance Company Limited does not assume responsibility on tax implication. Please consult your own tax advisor to know the benefits available to you. Tax Benefits are as per the Income Tax Act, 1961 and are subject to changes in the tax from time to time. Trade logo displayed above belongs to The Federal Bank Limited and Ageas Insurance International N.V. and used by Ageas Federal Life Insurance Company Limited under license from respective partners. 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.

 

BEWARE OF SPURIOUS/ FRAUD PHONE CALLS!
IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.