Ageas Federal Life Insurance

iSecure Plan Life’s journey made

A Non-linked, Non-participating, Individual,
comfortable
Pure Risk Premium and Savings Life Insurance Plan
(UIN: 135N088V02)
 Introduction

We aspire to provide a comfortable life for our loved ones, secure their future dreams and safeguard them in case of
contingencies. Having a Term Plan that provides life cover ensures you and your loved ones are financially secured in the
face of life’s uncertainties.

We at Ageas Federal Life Insurance believe financial security should be economical and easy to procure.

Which is why we’ve created the Ageas Federal Life Insurance iSecure Plan - an easy to buy, effective and efficient Term
Plan that provides multiple benefits if opted, at an affordable cost.

The plan provides easy flexibility to tailor it basis your life needs and comes with features that tie-in with your payment
preferences as well as comprehensively enhance your protection.

Buy the plan through a simple and quick online process and provide your family the monetary cushion to lead a
financially independent life and fulfill their dreams.

*Ageas Federal Life Insurance iSecure Plan will hereafter be referred to as iSecure Plan throughout the brochure.

Key Features

Get life cover at an affordable price along with return of premium option

Get easy flexibility to choose policy term basis your life stage and responsibilities

Choose from premium payment options basis your ease and payment preference

Choose from 2 plan options to secure your family financially

Opt for increased Sum Assured based on certain life events to cater to your evolving needs basis your life

Option to enhance protection with Accidental Death Benefit

Get differential rates for females and non-tobacco users as applicable

Tax benefits may be available on premiums paid and benefits received as per prevailing tax laws

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 Plan at a Glance

Ageas Federal Life Insurance iSecure Plan is a Non-linked, Non-participating, Individual, Pure Risk Premium and Savings
Life Insurance Plan. This means that in the unfortunate event of death of the Life assured during the policy term, provided
that the policy is in force, a lump sum amount will be paid to the total beneficiary as Death Benefit.

This plan can be purchased online from the Company website – www.ageasfederal.com at a time and place convenient
to you. It is simple, quick and available 24x7.

iSecure Plan is designed with options and features to enable you to ensure financial security for your loved ones as per
personal preferences and needs.

Base Plan Options: The plan offers 2 options. Policyholder shall choose any one of the following base plan option at
inception of the plan.

Base Plan Option Benefits

In case of unfortunate death during the policy term and provided your policy is in force
Life Cover with all premiums due being paid to date, we will pay your beneficiary the Death benefit
in Lumpsum.

In case of unfortunate death during the policy term and provided your policy is in force
Life Cover With with all premiums due being paid to date, we will pay your beneficiary the Death benefit
Return of Premium in Lumpsum. However on survival of the Life Assured till maturity of the policy, provided
the policy is in force, Maturity Benefit equal to ^Total Premiums Paid till date for base
plan option shall be payable in lumpsum.

^Total Premiums Paid means total of all the premiums paid under the base product, excluding any extra premium and taxes, if collected explicitly.

Add-on benefits

The policyholder has the option to choose any or both of the following add-on benefits only at inception of the plan on
payment of Add-on premium(s)1. The base plan option and any add-on benefit(s) once chosen cannot be changed
during the policy term.

1
Add-on premium(s) means additional premiums with respect to add-on benefit(s) chosen at inception, if any, excluding the taxes, rider
premiums, underwriting extra premiums, if any.

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 1 Accidental Death Benefit (ADB) Cover$

Accidental Death Benefit Cover is an optional benefit chosen at inception by the Policyholder to enhance protection that
you can add-on to your base plan by payment of additional premium. In the event of death of the Life Assured due to
accident during the coverage term of the ADB Cover, provided the policy is in force with all due Add-on premiums for ADB
Cover being paid to date, the Accidental Death Sum Assured is paid to the beneficiary as a lump sum in addition to the
Death Benefit.

Please refer to Exclusions for Accidental Death Benefit on page 15.

$

2 Life Stage Cover

The Policyholder may opt to increase the sum assured at various life stages of Life Assured as mentioned hereunder. Life
Stage Cover has to be opted at inception of the Policy and Life Stage sum assured can be added on any of the below
specified events in the life of the Life Assured after the Date of Commencement of Risk, provided the policy is in force with
all premiums due being paid to date.

i First Marriage
ii Birth of 1st Child and 2nd Child
iii First Home loan

On death of the Life Assured during the term of the policy with all premiums due being paid to date, applicable Life Stage
Sum Assured shall be payable in lumpsum in addition to the Death Benefit subject to conditions.

The premium would vary depending on the cover option(s) chosen.

Flexibility of Policy Term

iSecure Plan allows you to define your policy term * i.e. the number of years for which you want a life coverage. This
choice enables you to ensure financial security for your loved ones basis your life stage, responsibilities, assets and
liabilities. For example, a 30 year old married individual might choose to opt for a policy term of 30 years or more. On the
other hand a 50 year old individual might opt for a policy term of 10 to 15 years.

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 Premium Payment options

The plan offers payment options to suit every preference. You can opt for:

Single Pay: Make payment in one lump sum and enjoy your plan benefits

Limited Pay: Complete payment of your plan in a limited duration – 7/ 10/ 15/ 20/ 25 years and enjoy benefits
for the chosen policy term

Regular Pay^: Pay at regular intervals for the entire policy term

For Limited pay and Regular pay the premium payment can be made monthly, half-yearly or yearly

* Please refer ‘Eligibility’ section for minimum/ maximum limits on policy term for different premium payment options.

Plan Benefits

Maturity benefit

Option 1- Life Cover

Maturity Benefit is not applicable under this option.

Option 2 -Life Cover with Return of Premium

Upon survival of the Life Assured till date of maturity of the policy, provided the policy is in force, Maturity Sum Assured
equal to Total Premiums Paid till date for base plan option shall be payable in lumpsum.

Where, Total Premiums Paid means total of all the premiums paid under the base product, excluding any extra premium
and taxes, if collected explicitly.

Add-On Premium(s) shall not be considered in the Maturity Benefit.

The Policy shall terminate on payment of Maturity benefit and all rights, benefits and interests under the Policy shall
stand extinguished.

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Death Benefit

With respect to the base plan option, in the unfortunate event of death of the Life assured during the policy term,
provided the policy is in force, the Death benefit equal to Death Sum Assured shall be payable in lump sum to the
beneficiary post which the policy terminates.

The Death Sum Assured for different premium payment option is as below:

Death Sum Assured for Limited and Regular Pay, will be higher of:

10 times the Annualized Premium1 for base plan option or

105% of Total Premiums Paid2 for base plan option; as on the date of death

Sum Assured3

Death Sum Assured for Single Pay, will be higher of:

125% times Single Premium4 for base plan option

Sum Assured3

Annualized Premium shall be the premium amount payable in a year excluding the taxes, rider premiums, underwriting extra
1

premiums and loadings for modal premiums.

2
Total Premiums Paid means total of all the premiums paid under the base product, excluding any extra premium and taxes, if
collected explicitly.

³Sum Assured is the amount chosen by the Policyholder at inception subject to Board Approved Underwriting Policy

⁴Single premium for this purpose shall be the Single premium paid, excluding the taxes, rider premiums, underwriting extra
premiums if any.

For non-annual mode policies, Death Benefit shall be paid after deducting premiums due up to next policy anniversary without
any interest.

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 Death Benefit explained under each Life Cover Option

Life Cover Option

Illustration
Policy Commencement Date: 1st January, 2023, Entry Age: 35 years, Sum Assured: Rs. 1 Crore, Policy Term: 30 years,
Premium Payment Term: 30 years, Gender: Male, Life Class 2

Scenario 1

Accidental Death Benefit (ADB) Cover is opted at inception. Following are the coverage details for ADB Cover:

Accidental Death Sum Assured: Rs. 1 Crore, Coverage Term: 30 years, Premium Payment Term: 30 years

Base Plan Option (A) ADB Cover (B) Total (A + B)

Premium: Rs. 21,740

Add-on Premium: Rs. 5,000
Annualised Premium: Rs. 16,740 Death Benefit: Rs. 1,00,00,000
Life Cover Accidental Death
Death Benefit: Rs. 1,00,00,000 Accidental Death Sum Assured:
Sum Assured: Rs. 1,00,00,000
Rs. 1,00,00,000

Premium: Rs. 36,570

Add-on Premium: Rs. 5,000
Life Cover Annualised Premium: Rs. 31,570 Death Benefit: Rs. 1,00,00,000
Accidental Death
with ROP Death Benefit: Rs. 1,00,00,000 Accidental Death Sum Assured:
Sum Assured: Rs. 1,00,00,000
Rs. 1,00,00,000

Scenario 2

Life Stage Cover is opted at inception. A Life Stage Sum Assured of Rs. 20 Lakhs (20% of Sum Assured) is chosen during
the 5th policy year on the birth of First Child of Life Assured.

Subsequently, Life Stage Sum Assured is further increased by Rs. 25 Lakhs (25% of Sum Assured) to Rs. 45 Lakhs during
the 10th policy year when Life Assured takes a home loan.

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 From 01-01-2023 Till 31-12-2027 From 01-01-2028 Till 31-12-2052 From 01-01-2033 Till 31-12-2052

Base Plan Option (A) 1 Life Stage Cover (B)

st
Total (A + B) 2 Life Stage Cover (C’)
nd
Total (A + B + C’)

Premium: Rs. 20,851 Premium: Rs. 27,698

Annualised Premium: Add-on Premium:
Add-on Premium: Death Benefit: Death Benefit: Rs. 1,00,00,000
Rs. 16,740 Rs. 6,847
Rs. 4,111 Rs. 1,00,00,000 1st Life Stage Sum Assured:
Life Cover Life Stage Sum
Death Benefit: Life Stage Sum Assured: 1st Life Stage Rs. 20,00,000
Rs. 1,00,00,000 Assured:
Rs. 20,00,000 Sum Assured: 2nd Life Stage Sum Assured:
Rs. 25,00,000
Rs. 20,00,000 Rs. 25,00,000

Premium: Rs. 42,528

Premium: Rs. 35,681
Death Benefit:
Annualised Premium: Add-on Premium: Death Benefit: Add-on Premium:
Rs. 1,00,00,000
Life Cover Rs. 31,570 Rs. 4,111 Rs. 1,00,00,000 Rs. 6,847
1st Life Stage Sum Assured:
with ROP Death Benefit: Life Stage Sum Assured: 1st Life Stage Life Stage Sum Assured:
Rs. 20,00,000
Rs. 1,00,00,000 Rs. 20,00,000 Sum Assured: Rs. 25,00,000
2nd Life Stage Sum Assured:
Rs. 20,00,000
Rs. 25,00,000

Accidental Death Benefit (ADB) Cover: In case of an accidental death of the life assured during the coverage term of
Accidental Death Benefit Cover, provided the policy is in force with all premiums (inclusive of premiums with respect to
ADB Cover) due being paid to date, the Accidental Death Sum Assured shall be paid to the beneficiary in lump sum. This
is in addition to the Death Benefit.

Accidental Death Sum Assured shall be equal to the Sum Assured or 2 crore or an amount such that Add-on premium
for ADB Cover is equal to 30% of Annualized premium for the Base Plan option, whichever is lower.

Coverage term for ADB Cover is the Policy Term or up to the policy anniversary on which the attained age (last birthday)
of the Life Assured is 75 years, whichever is earlier.

With respect to ADB Cover, Accident and Accidental Death are defined as:

“Accidental” death means death:

i) which is caused by bodily injury* resulting from an accident as defined above, and
ii) which occurs due to the said bodily injury solely, directly and independently of any other causes, and
iii) which occurs within 180 days of the occurrence of such accident, but the Accident occurs before the expiry of the cover.
iv) which is not a result from any of the causes listed in the exclusions for Accidental Death Benefit.
“Accident” means a sudden, unforeseen and involuntary event caused by external, visible and violent means.
*Bodily Injury means injury must be evidenced by external signs such as contusion bruise and wound except in cases of
drowning and internal injury.
Injury means accidental physical bodily harm excluding illness or disease solely and directly caused by external, violent,
visible and evident means which is verified and certified by a Medical Practitioner.

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Eligibility
For Base Plan Option
21 years
Minimum
For Accidental Death Benefit Cover
Age at Entry 21 years
(as on last birthday) For Base Plan Option
65 years;
Maximum
For Accidental Death Benefit Cover
60 years

For Limited Pay

7 PPT – 33 years
For Regular and Single Pay 10 PPT – 36 years
Minimum
31 years; 15 PPT – 41 years
Age at Maturity 20 PPT – 46 years
(as on last birthday) 25 PPT – 51 years

For Base Plan Option

85 years
Maximum
For Accidental Death Benefit Cover:
75 years.

Premium Payment Mode Single Pay, Yearly , Half-Yearly and Monthly

Rs.50,00,000
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.
Minimum
The above multiples may not be applicable to Life Stage
Sum Assured
Cover and cases where SA needs to be changed on
account of underwriting requirement(s).

No limits*
Maximum
Accidental Sum Assured: 2 crores

Min 10 years

PT for ADB Lower of (54 years; 75 – Age at Entry)

Max Note: PT for ADB Cover is the Policy Term of the base plan or up
to the policy anniversary on which the attained age (last birthday)
of the Life Assured is 75 years, whichever is earlier.

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 PPT for ADB Max Lower of (54 years; 75 – Age at Entry)

Regular Pay
10 years
Single Pay

7 PPT - 12 PT
Min
10 PPT – 15 PT
Limited Pay 15 PPT – 20 PT
PT (years)
20 PPT – 25 PT
25 PPT - 30 PT

Regular Pay For Base Plan Option:

Lower of (64 years; 85 - Age at Entry)
Max Limited Pay
For Accidental Death Benefit Cover:
Single Pay Lower of (54 years; 75 - Age at Entry)

Regular Pay 10 years

Min Limited Pay^ 7 years

Single Pay Single Pay

Premium Paying Term
(years) For Base Plan Option:
Regular Pay
Lower of (64 years; 85 - Age at Entry)
Max
Limited Pay^ 25 years

Single Pay Single Pay

^Limited Pay options are 7, 10, 15, 20 & 25 Years

Note:
1) *Subject to Board approved underwriting policy.
2) The premium would vary depending on the cover option(s) chosen.
3) Life Stage Cover is available only in Regular Pay Option.

Sample premium rates:

Age Policy Term PPT Sum Assured Life Cover Life Cover with Return of Premium

30 Rs.14,640 Rs.24,340
35 25 1 Cr.
35 Rs.20,760 Rs.34,120

*Above rates are for a healthy non-smoker male

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 Interest rate shall be set as quarterly equivalent of
Other Benefits (2% + annualized yield on 10 year Government
security). Annualized Yield on 10 year Government
Differential Rates security is sourced through Financial Benchmarks
The plan offers differential rates for females and India Pvt. Ltd. (FBIL). Any change in this formula and
non-tobacco users as applicable. basis to set interest rates shall be made with
necessary approvals as required by IRDAI. (The
current rate of interest applicable from 1st August
Grace Period
2024 is 9.20% per annum basis 10 years G-sec rate
Grace period is 30 days for Yearly and Half-Yearly mode as on 28th June, 2024). The frequency of reviewing
and 15 days for Monthly mode from the due date for the loan interest rate is 6 months. The same will be reset
payment of Premium. During grace period, the policy every year on 1st February and 1st August. Interest
status would be in force. In case of any claim during grace charged on policy loans is compounded annually.
period, claim amount would be paid after deducting
premiums due up to next policy anniversary without any In the event, where outstanding loan amount plus
interest. If premium is not paid within the grace period, the accrued interest is higher than Surrender Value, the
Lapse provisions shall apply as mentioned under the policy shall be foreclosed, after giving intimation
policy Terms and Conditions. In case of any claim during and reasonable opportunity to the policyholder to
grace period, claim amount would be paid after deducting continue the policy. The company shall be entitled
premiums due up to next policy anniversary without any to apply the surrender value towards the payment
interest. of total outstanding amount (outstanding loan
amount + accrued interest). However, for premium
paying and fully paid-up policies, we will not
Loan foreclose the policy.

The policy loan provisions are as below: Maturity benefits shall be first used to offset the
loan amount and accrued interest. The balance
Loan facility will be available only for Plan Option ‘Life shall be paid out to the policyholder.
Cover with Return of Premium’
In the event of any claim, if the amount of loan or
Loan facility will be available post acquisition of any portion thereof remains outstanding; the
Guaranteed Surrender Value and during the policy company will be entitled to deduct the outstanding
term, without any discrimination amongst policyholder. loan amount and accrued interest up to the date of
claim from the policy proceeds before settling the
Minimum loan amount is Rs. 5,000
claim.
Maximum loan amount shall be 75% of Guaranteed
Surrender Value less outstanding loan and
accumulated interest.
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 For Regular Pay:
Surrender
Refund Value is nil.
For Base Plan Options
Option 2 - Life Cover with Return of Premium:
Option 1 - Life Cover:
For Regular and Limited Pay:
This is a pure protection plan option and therefore does
not acquire any surrender value. Policy shall acquire Surrender Value after completion of
first policy year, provided one full year premium has been
However,
received.
For Limited Pay:
For Single Pay:
If the policyholder voluntarily opts to close the policy after
payment of all due Premiums for at least first three Policy shall acquire Surrender Value immediately upon
consecutive policy years, following Refund Value shall be payment of single premium.
payable:
For all premium payment options, Surrender Value
Refund Value = 70% x Total Premiums Paid till date for payable shall be higher of Guaranteed Surrender Value
base plan option x [(Policy Term – Premium Payment (GSV) and Special Surrender Value (SSV).
Term) / Policy Term] x [Unexpired Policy Term (in months)
Where,
/ Policy Term (in months)];.
Guaranteed Surrender Value (GSV) = GSV Factor x Total
For Single Pay:
Premiums Paid till date of surrender for base plan option
If the policyholder voluntarily opts to close the policy
Total Premiums Paid means total of all the premiums paid
anytime during the policy term following Refund Value
under the base product, excluding any extra premium and
shall be payable:
taxes, if collected explicitly.
Refund Value = 70% x Total Premium Paid for base plan
SSV is not guaranteed and shall be revised by Company,
option x (Unexpired Policy Term (in months) / Policy Term
subject to necessary approvals as required by IRDAI.
(in months));.
The Surrender Value is payable in lumpsum during the
Refund Value is not guaranteed and shall be revised by
policy term. On payment of Surrender Value, the policy will
Company, subject to necessary approvals as required by
terminate and all rights, benefits and interests under the
IRDAI.
policy shall stand extinguished.

Lapse/Surrender of a Policy shall mean lapse/surrender of

base plan option along with the add-on benefit (s). The
base plan option or add-on benefit(s) cannot lapse
independently.

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 Refund Value is not guaranteed and shall be revised by
Add on Benefits
Company, subject to necessary approvals as required by
Add-on benefit(s) is a pure protection benefits and IRDAI.
therefore does not acquire any surrender value. However,
Refund Value (as defined below) shall be payable with
Lapse
respect to Add-on benefit(s) if chosen with either of the
base plan options.
For Option 1 – Life Cover and for Add-on-Benefits
If Accidental Death Benefit (ADB) Cover is opted then, (irrespective of the plan option chosen):

For Limited Pay

Regular Pay: In case of non-payment of due Premiums
On non-payment of all due Premiums for at least first within the grace period, the policy shall lapse and no
three consecutive policy years, Refund Value is nil. benefits are payable.

On Voluntary exit from the policy after payment of all Limited Pay: In case of non-payment of due Premiums
due Premiums for at least first three consecutive policy during the first three consecutive policy years within the
years, following Refund Value shall be applicable: grace period, the policy shall lapse, and no benefits are
payable.
Refund Value = 70% x Add-on premiums for ADB Cover
In case of non-payment of due Premiums within the grace
paid till date x [(Coverage term for ADB Cover – Premium
period, after payment of all due Premiums for at least first
Payment Term for ADB Cover) / Coverage term for ADB
three consecutive policy years, the policy shall lapse and
Cover] x [Unexpired Coverage term for ADB Cover (in
refund value as mentioned in Surrender section shall be
months) /Coverage term for ADB Cover (in months)];
payable upon earlier of:
For Regular Pay:
Death during revival period where policy has lapsed
Refund Value is nil.
End of revival period if the policy is not revived
For Single Pay:
Policyholder voluntarily exiting the policy
If the Policyholder voluntarily opts to close the policy
anytime during the policy term, following Refund Value
Single Pay: In case of Single pay it is not applicable.
shall be applicable:
For Option 2 - Life Cover with Return of Premium:
Refund Value = 70% x Add-on premium for ADB Cover paid
x [Unexpired Coverage term for ADB Cover (in months) Regular or Limited Pay: In case of non-payment of due
/Coverage term for ADB Cover (in months)];. Premiums within the grace period for first full policy year,
the policy shall lapse, and no benefits are payable.
If Life Stage Cover is opted then,
In case of non-payment of due Premiums within the grace
Refund value is nil, as Life Stage Cover is available only
period, provided one full year premium has been received,
with Regular Pay policies.
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the policy acquires Surrender Value and shall not lapse by rights, benefits and interests under the policy shall stand
reason of non-payment of due Premiums. The policy shall extinguished.
remain in force to the extent of paid up benefits.
Maturity Benefit for a paid up policy = Reduced Maturity
Single Pay: In case of Single Pay it is not applicable. Benefit

Where, Reduced Maturity Benefit = Maturity Sum Assured x

(Number of Premiums paid/Number of Premiums payable)

Paid Up The Death benefit shall be at least 105% of Total Premiums

Paid as on date of death.

Plan Option 1: Life Cover: On payment of this Reduced Maturity benefit, the policy
shall terminate and all rights, benefits and interests under
This is a pure protection plan option and therefore does
the policy shall stand extinguished.
not acquire paid up value. However a Refund Value (as
applicable) shall be payable as mentioned under surrender
section. Add-on benefit :

Add-on benefit(s) is a pure protection benefit, therefore

Plan Option 2: Life Cover with Return of Premium:
does not acquire paid up value. However a Refund Value
(as applicable) shall be payable as mentioned under
For Regular and Limited Pay policies: surrender section.
After acquisition of Surrender Value, in case of non-payment
of due Premiums within the Grace Period, the policy shall
be made paid-up with reduced benefits. If the reduced Policy Revival
paid up policy is not revived before the end of the revival
period the policy shall continue as a reduced paid up A policy which has lapsed or paid up can be revived for full
policy. benefits subject to the following conditions:

Following benefits are payable for a reduced paid up - An application for revival must be made within 5
policy: consecutive complete years from the due date of the first
unpaid premium or before the end of policy term,
Death Benefit for a paid up policy = Reduced Death Benefit
whichever is earlier.
Where, Reduced Death Benefit = Death Sum Assured x
(Number of Premiums paid/Number of Premiums payable) - The life assured must furnish satisfactory evidence of
health and other requirements subject to Company’s
The Death benefit shall be at least 105% of Total Board Approved Underwriting Policy at that time. Medical
Premiums Paid as on date of death. On payment of
tests, if required, have to be borne by the policyholder at
Reduced Death Benefit, the policy shall terminate and all
his own cost.

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- The arrears of premium together with interest are Assignment & Nomination
received along with the revival application. The Interest on
revival, if any, will be decided by the Company from time Assignment will be allowed in accordance with provisions
to time. of section 38 of the Insurance Act, 1938 as amended from
time to time.
The interest if so decided shall be set as quarterly
equivalent of (2% + annualized yield on 10 year Government Nomination will be allowed in accordance with provisions
security.) Annualized Yield on 10 year Government security of section 39 of the Insurance Act, 1938 as amended from
is sourced through Financial Benchmarks India Pvt. Ltd. time to time.
(FBIL). Any change in this formula and basis to set interest
rates shall be made with necessary approvals as required Tax benefits
by IRDAI. (The current rate of interest applicable from 1st
August, 2024 is 9.20% per annum basis 10 Years G-sec Tax benefits may be available for the premiums paid and
Rate as on 28th June, 2024). Interest on revival will be reset for the amount received as death benefit/surrender proceeds
every year on 1 February and 1 August. Interest charged
st st under the policy.
on policy revival is compounded quarterly. As tax laws change from time to time, it is advised to
Depending on the policyholder’s health and other consult a tax advisor for detailed information.
circumstances, the Company may choose to revive the
policy on modified terms or decline it as per Board
approved underwriting policy. Once a policy has been Free-look Period
revived, the policy holder is entitled to receive all benefits
under the policy. You are entitled to a free look period of 30 days
beginning from the date of receipt of the policy
If a lapsed policy is not revived within the revival period, document (whether received electronically or
refund as mentioned under Surrender shall be paid, if otherwise), to review the terms and conditions of the
applicable and the policy cannot be revived thereafter. policy. In case you do not agree to any of the policy
In case the policy has lapse status and the death of the terms and conditions, or otherwise and have not made
Life assured happens during the revival period, refund as any claim, you have the option to return the policy to us
mentioned under Surrender shall be paid, if applicable. for cancellation by communicating the same in writing
stating the reasons for cancellation. We will refund you
On this payment, the policy will terminate and all rights, the premium paid after deducting the proportionate risk
benefits and interests under the policy will stand premium for the period of cover provided and the
extinguished. expenses, if any, incurred by us in respect of medical
examination and stamp duty charges. All the benefits
under the policy will stand extinguished immediately on
the cancellation of the Policy under the free look.

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Policy Termination Exclusions

The policy will be terminated on account of any one of the 1. Suicide Exclusion: In case of death due to suicide within
following: 12 months from the date of commencement of risk
under the policy or from the date of revival of the policy,
On lapse at the end of the revival period as applicable, the nominee or beneficiary of the Life
Assured shall only be entitled to 80% of the Total
On death of the Life assured Premiums paid* till the date of death or the surrender
On completion of policy term value available as on the date of death whichever is
higher, provided the policy is in force.
On payment of Maturity Benefit, if applicable

On Free Look Cancellation *Total Premiums Paid means total of all the premiums
paid under the base product, excluding any extra
On payment of Surrender value/Refund value where premium and taxes, if collected explicitly.
applicable

In case of fraud or Misstatement the provisions of 2. Exclusions for Accidental Death Benefit: The claimant
Section 45 of the Insurance Act, 1938 as amended from will not be entitled to any accidental benefits if death
time to time will apply occurs from, or is caused by, either directly or indirectly,
voluntarily or involuntarily due to or caused, occasioned,
accelerated or aggravated by, any one of the following:
Renewal Premium in Advance
1) Life Assured being under the influence of drugs,
Collection of renewal premium in advance shall be alcohol, narcotics or psychotropic substance, not
allowed within the same financial year for the premium prescribed by a Registered Medical Practitioner.
due in that financial year. Provided, the premium due in
one financial year may be collected in advance in earlier 2) Injuries resulting from war (declared or undeclared),
financial year for a maximum period of three months in invasion, civil war, riots, revolution or any warlike
advance of the due date of the premium. operations.

The renewal premium so collected in advance shall only 3) Participation by the Life Assured in a criminal or
be adjusted on the due date of the premium. unlawful act with criminal intent.

4) Participation by the Life Assured in any flying activity

other than as a bona fide passenge (whether paying
or not), pilots or cabin crew in a licensed scheduled
aircraft.

5) Engaging in or taking part in professional sport(s) or

any hazardous pursuits, including but not limited to,

15
 diving or riding or any kind of race; underwater activities involving the use of breathing apparatus or not; martial arts;
hunting; mountaineering; parachuting; bungee jumping.

6) The radioactive, explosive or hazardous nature of nuclear fuel materials or property contaminated by nuclear fuel
materials or accident arising from such nature.

7) Intentional self-inflicted injury, or attempted suicide.

Statutory Information
Prohibition of Rebate: The Insurance Act, 1938 prohibits an agent or any other person from passing any portion of his
commission to the customer, whether as incentive or rebate of premium. Section 41 of the Act states:

1. No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person to take out or renew
or continue an insurance in respect of any kind of risk relating to lives or property in India, any rebate of the whole or
part of the commission payable or any rebate of the premium shown on the policy, nor shall any person taking out or
renewing or continuing a policy accept any rebate, except such rebate as may be allowed in accordance with the
published prospectuses or tables of the insurer.

2. Any person making default in complying with the provisions of this section shall be liable for a penalty which may
extend to ten lakh rupees.

Fraud, Misstatement and Suppression: Fraud, Misstatement and Suppression would be dealt with in accordance with
provisions of Section 45 of the Insurance Act 1938 as amended from time to time.

16
Disclaimers
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

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.

17
 Contact Us

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

Phone
Call our nationwide toll free number 1800 209 0502
from Monday to Saturday at any time between 8 Email
am to 8 pm.
Email us at:

support@ageasfederal.com

Website
Visit our website www.ageasfederal.com