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.
Compare this plan with other Term Plans
Ageas Federal iSurance Online Term - Key Features
Life cover of upto Rs. 2 crore with an optional accidental death cover
Special discounts for women applicants Policy provided after medical examination Tax benefits on premium paid and benefits received as per Income Tax Act 1961 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 Benefits under IDBI iSurance Online Term 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 Since this is a pure term insurance, there is no maturity benefit under this plan Tax benefits under section 80 C and 10 (10D) are applicable as per provisions of the Income Tax Act 1961 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. 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.
SUM ASSURED (Rs.)
DISCOUNT IN... Ageas Federal iSurance Online Term - Benefits
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.
ACCIDENTAL DEATH BENEFIT
(ADB)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
PREMIUM PAYMENT FREQUENCY
Annual
Ageas Federal iSurance Online Term - FAQs
