Ageas Federal iSurance Online Term

IDBI’s iSurance Online Term Plan Review

IDBI’s iSurance is an online term plan that provides a large life insurance cover in the range of Rs. 50 Lakh-80 Crore by paying an annual premium for the term or duration of the policy. It also provides an additional death benefit option. There are discounts on premium for opting a cover higher than Rs 75 lakhs and above.

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Life Cover
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Medical Examination Policy
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Tax Benefit

Compare this plan with other Term Plans

Ageas Federal iSurance Online Term - Key Features

Life cover
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Life cover of upto Rs. 2 crore with an optional accidental death cover

Discounts for high sum
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Women discounts
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Special discounts for women applicants

Medical Policy
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Policy provided after medical examination

Tax benefit
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Tax benefits on premium paid and benefits received as per Income Tax Act 1961

Endorse for marriage
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Option to endorse the plan under Married Women’s Property Act, 1874, to ensure that life cover is paid only to your wife and/or children

Ageas Federal iSurance Online Term - Benefits

IDBI iSurance Online Term

Benefits under IDBI iSurance Online Term

Death Benefit

The nominee of the life assured gets sum assured upon the death of the policy holder.

In case of your unfortunate death during the policy te...

Maturity Benefit

Since this is a pure term insurance, there is no maturity benefit under this plan

Income Tax Benefit

Tax benefits under section 80 C and 10 (10D) are applicable as per provisions of the Income Tax Act 1961

Eligibility & Other Restrictions under IDBI’s iSurance

AGE AT ENTRY Minimum: 18 years (as of last birthday)
Maximum: 50 years (as of last birthday)
LIFE COVER Minimum: 50 lacs
Maximum: 30 crore.
We assess your health and financial profile before
we offer the life cover.
Maximum: Rs. 2 Crore
- The premium for ADB can be amaximum of
30% of the premium for life cover, and
- The maximum ADB cover is equal to the Life cover
POLICY TERM Minimum: 10 Years
Maximum: 25 Years
PREMIUM PAYMENT TERM It is the same as the policy term.
For example, for 10 years policy term, you pay premium for 10 years

Ageas Federal iSurance Online Term - FAQs

angle right iconWhat if I want to cancel after buying this plan?

No problem. You can cancel the plan within 30 days from the date of commencement of your plan. This is your free look period.Wewill refund you the premium amount after deducting charges for the period youwere covered and cost incurred on stamp duty andmedical tests, if any.

angle right iconWhat if premiums are not paid on time?

If for some reason you cannot pay the premium on the due date, you get a grace period of 30 days. During this time, your policywill be active. In case of your death during this period,wewill pay the life cover to your beneficiary after deducting the premium amount due.