Many companies often enable group life insurance plans for several of their employees working in the organization as a part of employee benefits. However, the most important question here is - Are group life insurance covers the same as personal term life insurance plans? Not really! While it is true that a company-provided group insurance is indeed valuable and comes with its own advantages, you can’t ignore the fact that it is directly linked to your employment with the organization. Meaning, when you exit from the organization, switch to another role or another company or if you choose to retire, then your coverage can be immensely impacted. Which is, when you actually need your policy to run the show, there is no surety that you will be covered under the corporate plan. The group cover ends with your employment in the organization, which is obviously not the case with your individual term insurance. Your policy stays active for the entire term you opted for as long as you pay the premium regularly without any lapses. Your individual term life policy has nothing to do with where you work, thus giving you complete control over the coverage.

Moreover, in an individual plan, you get to choose the sum assured for your family. Group plans only provide basic coverage and may not be sufficient enough for your specific needs and financial obligations. For instance, a corporate life cover plan may offer a Rs. 10-20 lakh coverage while your personal term insurance may actually provide a Rs. 1 crore sum assured or even Rs. 2 crore coverage based on your age, income level and financial responsibilities.

Along with your individual term life policy comes full flexibility to customize the coverage as per your choice and your family’s goals. You can choose a premium paying term that aligns with your cash flow situation, add riders to enhance the coverage for specific events like accidental death, critical illness etc., and even decide the policy term with the number of years you want your family to be covered under the plan. These features for personalization may not be available under the corporate plan which you are added to by your employer.

Having a workplace life cover is great, but it cannot be the only financial cushion you rely on for your family’s well-being tomorrow. An individual term life insurance means protection that is tailored, lifelong and sufficient enough, irrespective of where you are in your career.

Yes, absolutely. Here are 10 major disadvantages of delaying the purchase of your term life insurance policy:

1. Reduced health advantage - Diabetes, chronic heart ailments, hypertension and other such health illnesses develop as you grow older. The insurance company considers the following parameters while approving the application and calculating your premium for term insurance: How risky are you to insure? Are you eligible for term life policy? How much premium will you have to pay considering your age, income and your coverage? What’s the probability of you making a claim? Should the company approve your application based on the above findings?
2. Risk of lifestyle changes - Once you develop habits like smoking, drinking alcohol etc., they become a part of your medical history.
3. Higher premiums - Your risk profile changes with your growing age and deteriorating health. So, you need to now pay more for the same coverage compared to what you would have paid if you had started in your 20s.
4. Decreased policy duration - Starting in your 20s and 30s guarantees protection for your loved ones for a longer duration (40 years+), whereas, starting in 40s and 50s restricts your family’s protection for a limited 10 to 20 years time frame, leaving them financially vulnerable.
5. More exclusions - The higher the risk, the more exclusions your policy will have. So, in a way, if you are waiting to buy term insurance, then you are reducing your options for coverage.
6. Costlier extra riders - One of the main advantages of term life insurance is - the winning combination of ‘early entry age x affordable premiums x higher sum assured’. Add-on riders aren’t as cost-effective as they are if you buy them later.
7. Lower sum assured due to unaffordability - In term life insurance, the premiums rise sharply when you don’t start at the right time. Which means, a term life policy for a higher sum assured, becomes way too expensive for you to comfortably afford it for your family’s lifestyle needs.
8. Poor financial decisions - Because of your one miss i.e. delaying the purchase of your term insurance, your cash flow gets affected later. As you start paying higher premiums, the strain on your finances increases. Not just that, the financial freedom to spend on your current needs and invest in other financial instruments reduces.
9. Loss of mental peace - Because of all the above reasons, your financial situation causes immense mental strain. Higher premiums, lower sum assured, risk of exclusions, expensive riders, health and lifestyle disadvantages and your family’s unsecured milestones can keep you extremely stressed at all times.
10. Threat of family’s exposure - When you postpone buying term insurance, your family stays unprotected till the policy becomes officially active. If something happens to you regrettably, your family may have no monetary support to lean on.

Regular premium payments are an integral part of your term life insurance policy. Hence, failure to pay these premiums consistently (according to the premium paying term decided during the purchase of the policy), causes your term insurance coverage to become invalid and lapse. Not just that, your family loses the financial shield that you so painstakingly built for them to benefit from in the future in your absence. In case of untimely death of the policyholder during this lapsed period, the family has no right on the sum assured and the insurance company shall not be liable to pay any death benefit to them. Unlike other investment plans, the term insurance covers offer no maturity value i.e. if your policy lapses, you get nothing in return - no refund of the premiums paid till date (Want a pro tip to never miss a payment? You can set up an auto-debit! Alternatively you can also schedule alerts / reminders for these payments). However, most insurance companies, including Ageas Federal Life Insurance, provide a grace period after the due date for policyholders who missed paying their premiums, so that you can at least have a second chance at retaining your coverage like before and nothing changes thereafter. Yet, if you still don’t clear the pending premium payment(s) within this window, then your policy is interrupted midway. And it lapses with no more benefits being rendered for your family. In some cases, you may be allowed to reinstate or revive the policy, provided it is within a specific time frame (usually 2-5 years) as required by the insurer. This can be done by paying all outstanding premiums due till date (with interest) and by undergoing a new medical test if asked for by the company. So, even if you are dealing with any financial constraints, you can still restore the term life policy in this manner.

Term insurance plans generally cover most types of deaths. Natural causes of death and accidental deaths both.

1. Natural causes: old age-related, health complications, listed illnesses etc.
2. Accidental causes: road / rail / airline accidents, occupational hazards - industrial incidents etc. (Benefit under base term insurance + Accidental death benefit rider if opted*)
3. Coverage for critical health issues like cancer, kidney failure and cardiac arrest: That is if these conditions were not pre-existing and undisclosed at the time of purchase. (Benefit under base term insurance + Critical illness rider if opted*)
4. Death due to homicide / assault (unless the insured / nominee found complicit in the crime)
5. Death outside India provided all relevant documents are submitted to the insurer during processing of the claim.

(*The policyholder has an option to add such a rider to enjoy add-on benefits and wider protection for specific cases.)

There are also some exclusions you must be aware of before purchasing term insurance.

1. Death by suicide in the 1st year of the policy not covered. There’s a 12-month waiting period from the date of policy issuance.
2. Death due to participation in any illegal activities, self-inflicted injuries, or substance abuse excluded.
3. Non-disclosure of critical health information, incorrect age, misstatement of financials, hiding of medical conditions, and false information about lifestyle habits: If any of these cases are found upon investigation by the insurer, then the claim is rejected.
4. High-risk adventures (like mountaineering, private aviation, motor racing etc.) are not covered, unless informed to the insurance company during the purchase of the term life insurance plan.

A Rs. 1 crore term life insurance plan is one of the most preferred coverages for many who are wanting to buy term life insurance. Reason being, it offers a very comprehensive payout (lump sum) for several categories of policyholders like married couples, young working professionals, families planning for their child’s future, middle-aged individuals with home loan commitments etc. It ensures a great amount of stability considering the huge sum assured and the relatively low premium that is required to keep the Rs. 1 crore term life policy active.

Here are the steps to buy a one crore term plan:

1. Assess if your income level matches the criteria for the sum assured you have chosen
2. Check your eligibility i.e. your age (typically between 18-65 years)
3. Compare different types of term insurance policies online, and the rider options that you would like to add to your base plan
4. Choose the policy term and the premium paying term to evaluate the premium amount using the Rs. 1 crore term insurance calculator available online
5. Submit your income proof to the insurance company along with your online application to justify the coverage you are expecting
6. After understanding your risk profile and reviewing your age, health, medical, lifestyle and financial declarations, the insurer may ask you to undergo a medical check-up
7. Your application gets approved after verification → you pay the premium → policy is issued → you are sorted with absolute peace of mind that your family is now in safe hands → upon your unfortunate demise, the term insurance (Rs. 1 crore claim payout) shall serve as a pillar of strength to your loved ones

To know the answer to this question, you must firstly understand that the key factor which differentiates term insurance from a whole life insurance cover is - As a policyholder, what is your objective? Do you want only risk protection? Or do you want protection plus savings? Many experts recommend buying a term life insurance policy first and then adding more investment instruments to your kitty in order to build a wealth corpus. Each financial product comes with its own pros and cons. A pure term life insurance policy is only meant to provide protection to your family upon your death and it’s not designed to primarily help create wealth alongside. So, there is no maturity benefit that you get after the policy ends.

Answering the most common question every to-be policyholder has regarding term insurance - ‘Will I get my money back if I survive the policy term?’ Let us reiterate: No, there is no refund possible for any money paid - by way of premiums over the years - during the policy term in case you survive (unless you had opted for a term insurance with Return Of Premium variant at the time of purchase). Under this feature, you can get back all your premiums (minus the taxes and the rider cost) paid towards this term insurance plan. However, it is worthy to note that ROP plans are slightly costlier in comparison to the regular term insurance plans with no return of premium.

In traditional policies, there is no payout if the policyholder survives when the plan ends. If you still expect a lump sum when the policy matures, you can definitely go for a term insurance cover with Return Of Premium (ROP). For example, under a certain ROP plan, you pay Rs. 20,000 as annual premium for 30 years (policy term). At maturity, if you outlive this term, you may get back Rs. 6,00,000 as a lump sum. Remember, affordability is kicked out the moment you go for the ROP feature, as ROP plans can sharply push the premiums by 2X-3X. Also, the returns from ROP plans (example, say after 30 years policy duration) cannot be equated with the attractive returns from other investments / financial instruments like mutual funds, fixed deposits etc.

While ROP plans are ideal for those who do not prefer ‘no return’ policies, according to various experts, the combination of -

• paying lower and affordable premiums for a traditional term insurance plan with a higher sum assured and
• investing the extra amount (which you just saved by not opting for ROP) in some other financial tool like an SIP* Generally speaking, it is a wiser financial decision to make, that can yield better returns in the long run.

*This information is for general understanding of readers and not to be considered as financial advice. Please consult a qualified advisor before making any investment decisions

The minimum entry age limit to buy term insurance is 18 years. And the maximum entry age typically is between 60 and 65 years on most insurance platforms. The whole point is to start financial planning early, when age and health both are in your favour. Premiums are way more affordable then and the coverage amount too is attractive and adequate enough for your family’s lifestyle needs. You can enjoy more flexibility and control as insurers categorize your profile under low-risk potential/ low-chances-of-claim cohort. The maximum maturity age (the age limit till when you can stay protected) can range between 75 and 85 years (this is a more common exit age range), however some insurers even allow up to 99 years of age.

Certain details in your term insurance policy can be changed even at a later point in time like nominee information (updation / change possible anytime), contact information (phone number, email, address etc.), premium payment mode (move from monthly to quarterly, or half-yearly to annual or vice versa - switch as you like), extra riders (addition / removal possible at the time of renewal), and sum assured (top-up coverage). However, primary information like your age, lifestyle declarations (smoker status), health conditions (pre-existing) and occupation cannot be altered retrospectively. It is expected that you must provide correct and honest information transparently right at the time of purchase of term insurance.

A general rule is to buy a term insurance plan with coverage which is almost 10-15 times your annual income. You can even use another approach that’s more accurate to arrive at the right sum assured (adjusted to your family’s financial obligations) by taking into consideration -

• Your current income and lifestyle needs
• Outstanding loans and EMIs
• Major future financial responsibilities
• Present investments and savings

Sample illustration: Your annual income is Rs. 12 lakh, and you have an outstanding home loan of Rs. 50 lakh. You think you may need Rs. 50 lakh in future to fund your child’s education abroad. In such a scenario, it is recommended that your coverage should ideally be around Rs. 1.5 crore to Rs. 2 crore for your family’s financial steadiness in your absence.

The first step in a sound financial plan is buying term insurance. While starting early has many pros for you to seriously consider buying the top term life insurance cover, even senior citizens can purchase a term insurance policy. However, since age and health, both are not in your favour, entry into term life insurance is usually capped around 60-65 years. Some insurers extend this to even 70 years. In any case, when you start as a senior citizen in term life insurance plans, your coverage term reduces significantly and is much shorter compared to a young policyholder who enjoys long-term peace of mind. Your policy term can thus ideally range anywhere between 10-20 years. That’s not the only difference. Let’s talk about premiums. The cost of premium for a senior citizen is way more than what it is for a policyholder in their 20s, 30s and 40s. With old age, health risks go up enormously and the risk of mortality also increases for the individual. Considering this, the insurance company charges a relatively higher premium to compensate for the risk of claim that it undertakes in your specific case. Your eligibility and premium change depending on the critical health conditions you are suffering from.

So, as an older buyer of the term life insurance plan, here’s what’s in it for you - Examples:

1. A 62-year-old non-smoker applying for a Rs. 50 lakh term life policy may have to pay Rs. 85,000 - Rs. 1,10,000 as annual premium. The same cover for a 35-year-old non-smoker may cost only Rs. 8,000 - Rs. 12,000 per year.
2. A 65-year-old smoker may be charged Rs. 1.5 lakh to Rs. 2 lakh per year for a Rs. 50 lakh term life insurance policy (In some cases, they may be denied coverage altogether.) Whereas a 40-year-old smoker may still get the same cover for about Rs. 25,000 - Rs. Rs. 35,000 premium per year
3. A 65-year-old applying for term insurance may only get a policy that runs for 10 years (till age 75). Their application for a 30-year plan like someone in their 30s gets rejected.
4. Some insurers may allow coverage strictly till age 80 i.e. if a 62-year-old applies for a term insurance cover, they may be offered a policy with the duration of only 18 years, no matter how much they are willing to pay as premium towards the term life insurance plan.

Should you still consider buying a term plan if you are an older person?

Yes absolutely. Here’s why!

1. Older people buy term insurance to help family members with the repayment of any outstanding loans upon their death
2. If you have a person who is dependent financially on you, you can safeguard their financial journey with income replacement from the term insurance claim payout
3. A term life policy supports senior citizens in estate planning and legacy building as their heirs can manage wealth transfers smoothly with the tax-free lump sum. From enabling an option for debt-free inheritance to funding the future generations’ dreams, term life insurance for senior citizens can be viewed as a powerful tool here

Most senior citizens don’t have 30-40 years of income dependency. Also, there is a significantly higher claim probability in old age. So, a limited-term cover, even if it’s costlier, makes sense for many older buyers.

What are some alternative options for senior citizens?

Whole life insurance cover, pension plans, retirement annuities, and health and critical illness insurance. Ageas Federal Life Insurance does provide term insurance to older individuals. Before buying a term plan, read the policy documents carefully for policy limitations, capped durations and maturity ages.

Ideally, in a traditional sense, term insurance cannot be looked upon as an investment option because if you outlive the policy term, you generally gain no returns from the term life policy. A term life insurance plan acts like a protection tool, helping to keep the financial stress of your loved ones away, when you are no longer around to safeguard their future.

Term life insurance: A financial cushion for the family upon the death of the life assured. Is that all to it? No. A term insurance cover is considered by industry experts as one of the best financial decisions you can ever make for your family because -

• it aligns a huge sum assured with a really low premium
• it guards your assets as your family need not be in a pressurized state later to sell their gold, property etc. in order to survive after your death
• it even supports their financial journey ahead if they choose to invest the remaining funds elsewhere (like mutual funds) after paying off loans and other financial obligations

You can think of term insurance as a stepping stone to your future financial security, powered by a token of care (premium) committed consistently (premium paying term) over a predetermined period of time (policy term) for a large sum (coverage). In simple terms, a term life insurance plan is not an investment product. But the biggest return it promises (apart from the coverage amount after the insured person’s death) is the peace of mind throughout the policy term that if something miserable were to happen to your life, your family won’t be helpless and exposed, struggling for money. Your term life policy stands tall to guard them when you cannot!

Let's look at an example: Saif is thinking of investing 1 lakh rupees every year towards an endowment policy.

Expert tip: Saif - instead of utilizing his entire budget / funds towards the endowment plan - should consider using Rs. 10,000 first, to pay as annual premium towards a term life policy. Remaining Rs. 90,000, if invested in mutual funds, over the next 20 years can yield better returns for Saif. This way, Saif can get dual benefits: Protection plus savings leading to wealth creation for his family, when they would need it the most.

Ideally, the perfect time to buy a term insurance cover is NOW. In other words, as early as you can. Because younger age = a healthier you, which means lower premiums and early lock-in benefits for your term life policy before possible health changes at a later point in time. For instance, at age 25, you may pay just half the premium compared to what you may have to pay in your 35 years of age in case you choose to start late. You can consider purchasing a term insurance cover even in your 20s as soon as you start earning. This ensures that your future plans (with respect to marriage, housing loan, children and retirement) are also secured as your commitments increase with age. Your application for term life insurance is more likely to be approved at a younger age due to easy eligibility and wider coverage without the fear of rejection due to medical reasons. So, to protect your people from uncertainties in future, buy a term plan today. The earlier, the better - even for a stress-free approval.

If you are a young earner and still don’t hold a term life policy, you can consider buying one around these milestones such as -

1. a huge salary jump,
2. marriage plans are around the corner,
3. you are taking big loans,
4. you are already a parent or planning for a child
5. you are in your 30s and considering early retirement (i.e. around 45 years of age)
6. you are a key stakeholder in any venture
7. you have elderly parents dependent on you

Are you ‘the sooner, the smarter’ kind of person when it comes to term life insurance? Kudos! You have indeed made a wise choice for yourself and your loved ones!

Yes, 100%. Smoking has a direct impact on your term insurance premium. While applying for term insurance, you are expected to make some lifestyle declarations which include your smoking habits, alcohol consumption and tobacco chewing. These habits are proven to affect your health adversely, increasing your chances of respiratory conditions, heart diseases, cancer and other critical illnesses. Which means, the insurer's risk goes up when the probability of your claim rises. Hence, you have to pay a higher premium in such cases.

Term insurance premium for individuals with smoking habits is definitely on the higher side compared to the premium for non-smokers, even if the sum assured, policy term and other factors like applicant’s age are same.

Key points to remember:

• Be honest. Smoking kills. Not just you, but also your family’s peace of mind during the claim. So if you think you can hide your smoking habit from your insurance form, you are absolutely wrong. When discovered later during investigation, the claim often stands rejected.
• Smoking occasionally, smoking just a few times randomly, casual or social smoking - all such kinds of smoking are considered in insurance policy clauses. Do not be your own judge. Make these declarations upfront in your application.
• In certain cases, you can be reclassified as non-smoker if you have quit the habit and have maintained the same status for a few years. Medical tests are required for confirmation.

Yes, you can buy term insurance online on several platforms that do not require you to undergo a medical test before applying. A medical test may not be necessarily mandated in those situations where the applicant is young, healthy, and has chosen a relatively smaller sum assured. In many such cases, an individual - who is supposedly in their 20s or early 30s, with a self-declared clear health status and a low-risk medical history running in the family - applies for a coverage ranging between Rs. 25 lakh and Rs. 50 lakh, and the insurance company may have no qualms in approving such an application, even without their medical test

On the other hand, let’s consider an example where the applicant is in their 40s, with lifestyle habits like smoking and drinking, opting for a higher coverage (Rs. 1 crore+). This applicant also has a family history of critical conditions. In such scenarios, the insurer almost always wants the applicant to undergo a medical check-up.

Advantages of ‘no medical test’ policies: Hassle-free experience, direct policy, quick approval, easy application process, minimal paperwork, no hospital visits, no waiting time - JUST CONVENIENCE

Disadvantages of ‘no medical test’ policies: Higher premiums, more risk for insurer - so lower cover amount, more chances of claim rejection

Pro tip: Medical tests provide better accuracy in policy issuance and premium determination. Even if your online term insurance doesn’t require you to go for a check-up, ensuring that you submit absolutely honest health information is critical during the application stage. Non-disclosure often leads to claim rejections later. For a hassle-free claim settlement, it is always recommended that you provide the insurer with all the necessary details and keep complete transparency regarding your health and medical history while buying any term insurance online. Otherwise, it can get extremely stressful for your family later, when you are no more, to claim the sum assured, because if the insurer discovers any mismatch in the information provided by you at the time of application - such as incorrect age, health problems, lifestyle disclosures and so on, the company can delay or deny payout. To secure peace of mind for your loved ones, maintain accurate information in every step of your term insurance journey - be it a medical test policy or a no medical test policy.

When you are young, you are usually healthy, with no such critical conditions which generally affect your risk profile. However, as you age, your health status changes and deteriorates, increasing the chances of a claim when viewed from the insurer’s lens. Premiums are basically scientific calculations made on the basis of the relation between your age, health and coverage risk. Generally speaking, a 25-year-old individual, non-smoker, healthy male is viewed as less likely to pass away in the near term in comparison to a 50-year-old individual, diabetic, and social drinker. So, the key drivers for a higher premium are age, increased health risks, and shorter premium paying term. For example, 25-year-old Rahul may pay just Rs. 7,000 as annual premium towards a Rs. 1 crore term life policy. The same term insurance, in case Rahul starts later i.e when he turns 35 years - could cost Rs. 12,000. And if Rahul buys that term plan when he is 45 years old, the annual premium might just jump to anywhere between Rs. 25,000 and Rs. 30,000.

The calculation for a term insurance premium is done keeping in mind a mix of different parameters. The three main factors which are considered to calculate the premium for your term life insurance plan are your personal factors, your health & lifestyle factors and policy-related factors. This is done to understand your risk profile better and arrive at a suitable term life insurance, policy term and premium amount, which can work well for your specific budget, financial goals, life stages, family needs and your unique requirements for financial protection in the event of uncertainty.

1. Age of the applicant:

   Your age is the most important component considered while deciding your premium. The younger you are, the fewer health risks you face. The earlier you start, the less you pay. The sooner you buy a term insurance cover, the longer you stay protected.

2. Cover amount:

   If you are looking at a higher sum assured, then you may have to also pay a higher premium

3. Policy term:

   Longer policy duration = higher risk for the insurer = hence, higher premiums. However, you can benefit from the extended protection that you get for your loved ones i.e. coverage for more years, in turn aligning with your long-term goals for them.

4. Pre-existing health conditions:

   Existing health issues impact your premiums to a major extent as they increase the risk element for the insurance company.

5. Medical history:

   Your insurer assesses your health risks by examining your medical test reports and your family history of chronic and hereditary illnesses (diabetes, cancer, heart conditions etc.) to accordingly determine your premium. Even obesity causes your premium to increase.

6. Lifestyle habits:

   Your lifestyle habits influence your health, which in turn, impacts your term insurance premium. Submitting all details upfront regarding your smoking and drinking habits and high-risk hobbies like adventure sports lower the risk of rejection later.

7. Occupation:

   People in high-risk jobs like mining, construction and aviation, and those in professions involving higher levels of stress may have to also pay higher premiums. Moreover, your income level needs to align with your desired sum assured i.e. coverage amount expected. The insurance company may run a check to determine your occupational stability. High-stress professions too can increase your premium.

8. Extra riders:

   Choosing add-on riders to enhance protection increases your premium.

9. Gender:

   Generally speaking, as per statistics, women tend to live longer than men. Hence, if you are a woman applying for term insurance, your premiums are slightly lower for the same sum assured, in comparison to that of a man’s policy.

10. Mode of premium payment:

    Annual premiums are slightly cheaper compared to monthly installments and half-yearly premium payments.

11. Location:

    If you are residing in a high-risk geographical area (For example: highly polluted zones), then your premiums can be slightly costlier.

12. Underwriting results:

    Depending on the underwriting assessments, if any piece of information found in the medical reports or otherwise, puts you in a high-risk category for the insurer from a claim probability perspective, then the insurance company may choose to increase your premium or even reject your application altogether.

Premiums are not random figures. These are customized calculations made to ensure that your premium is adjusted to suit your life stage, type of term insurance, job risk, coverage amount, health issues, risk profile, lifestyle and choice of policy term.

While there’s no one right answer to this question, the Rule Of Thumb formula, as advised by most financial planners, is to start early and stay invested for the longest cost-effective policy term. This way, you can unlock maximum sum assured with a coverage that stays active →

1. Up until you stop earning i.e. till your retirement age, Which brings us to the equation Recommended Policy Term = Your Planned Retirement Age Minus Your Current Age, generally speaking.
2. Till such time as all your major commitments are fully supported, Which means, your home loan, kids’ higher studies and such bigger liabilities are well-managed in your financial plan.
3. For such duration as required by your dependents to become financially independent, Which is, if your kid is 7 years old today, you should ideally go for a 15-20 year policy term because your child may become self-reliant between their 22-27 years of age.

Most policyholders tend to have opted for a duration that covers them until their family no longer depends on their earnings; their major financial responsibilities are fully taken care of. That is, till the insured person is 60-65 years of age. Follow these numeric examples to understand how a policy term impacts your coverage and premium clearly.

Disclaimer

This brochure gives only the salient features of the Ageas Federal Life Insurance Saral Jeevan Bima. 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. Please read the policy document for more details. Ageas Federal Life Insurance Saral Jeevan Bima is A Non-Linked Non Participating Individual Pure Risk Premium Life Insurance Plan (UIN: UIN 135N079V01). There are no riders attached to this plan. The product is underwritten by Ageas Federal Life Insurance Company Limited (IRDAI Regn. No 135; Corporate Identity Number (CIN) - U66010MH2007PLC167164) having its registered office at: Ageas Federal Life Insurance Company Limited, 22nd Floor, A Wing, Marathon Futurex, N. M. Joshi Marg, Lower Parel – East, Mumbai – 400013, Maharashtra . Website: www.ageasfederal.com. Toll-Free: 1800 209 0502.Trade Logo displayed above belongs to IDBI Bank Limited, The Federal Bank Limited and Ageas International Insurance N. V. and used by Ageas Federal Life Insurance Company Limited under license from respective partners. Ageas Federal Life Insurance Company Ltd. does not assume responsibility on tax implication. Ref. no. 20290/SJB/ENG/Print-PB/Dec24

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 135N088V02) 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. ARN: 20279/iSP/ENG/Print-PB/Nov24