Ageas Federal Life - Secured Income Plan

Maximum : 50

Age at maturity(as on last birthday) - Maximum : 70

Maximum : No Limit, subject to Boardapproved UW guidelines

Annualized Premium* (Rs.) Addition to Guaranteed Sum Assured (% of Applicable Guaranteed Sum Assured)

Less than 50,000 0%
50,000 to less than 75,000 2%
75,000 to less than 1,00,000 3%
1,00,000 to less than 5,00,000 4%
5,00,000 and above 5%

* Deduction under section 80C: The premiums that you invest are eligible for deduction under section 80Cof the Income Tax Act, 1961.
* Tax-free benefits under section 10(10D): Income Benefit, Maturity benefit and Death Benefit received underSecured Income Plan are tax-free under section 10(10D) of the Income Tax Act, 1961.

If the premium due is not paid within the grace period, the policy shall lapse and have no further value, exceptif it has acquired any paid-up value.

You can surrender your policy at any time afterpayment of 3 consecutive years premiums, fromthe date your policy commences. The SurrenderValue of the policy is higher of GuaranteedSurrender Value (GSV) or Special Surrender Value(SSV) including the surrender value of anysubsisting Simple Reversionary Bonuses, asapplicable, already vested to the policy.

a. You make an application for revival within 2Years from the due date of the first unpaidpremium.
b. You furnish satisfactory evidence of healthand satisfy other requirements according tothe board approved underwriting policy atthat time. Medical tests, if required to beborne by you at your own cost.
c. You will be charged interest for the arrears inpremium. The interest rate will be 3% morethan the 10 year yield of Governmentsecurities. For administrative ease, theserates will remain fixed between the periodsof half-yearly review. The interest rate shallbe compounded annually.
d. When a policy is revived after payment of alldue premiums complete with interest, thepolicy is entitled to receive all benefits andthe Income benefits will be revived as perschedule.
If you have not revived a lapsed policy, andif the policy has not acquired a paid up value,the premiums already received by us are forfeitedand the policy cannot be revived thereafter.

* Guaranteed Surrender Value (GSV) = Maximum{(GSV factor x Total Premiums paid till date ofsurrender) income benefits already paid tilldate of surrender, if any}
*Surrender Value of Bonus for GSV = Bonusfactor for GSV x (Vested Simple ReversionaryBonuses as on the date of surrender less SimpleReversionary Bonuses already paid as a part ofIncome Benefits, if any)
*Special Surrender Value (SSV): The SSV is notguaranteed and may be changed at any time,subject to the prior approval of the IRDAI.

If the Life Insured, whether sane or insane, commitssuicide within 12 months from the date of riskcommencement of the policy, 80% of thepremiums paid will be given as the death benefit. Incase of suicide within one year of revival of the plan,the benefit payable will be 80% of premiums paidtill death or Surrender value as available on the dateof death, whichever is higher.

Exclusion :

Total and Permanent Disablement Benefits shall notbe paid for any of the events, occurring directly orindirectly as a result of any of the following:

a. Intentional self-inflicted injury, suicide orattempted suicide, while sane or insane.

b. For any medical conditions suffered by thelife assured or any medical procedureundergone by the life assured if that medicalcondition or that medical procedure wascaused directly or indirectly by AcquiredImmunodeficiency Syndrome (AIDS), AIDSrelated complex or infection by HumanImmunodeficiency Virus (HIV).

c. For any medical conditions suffered by thelife assured or any medical procedureundergone by the life assured, if thatmedical condition or that medical procedurewas caused directly or indirectly by influenceof drugs, alcohol, narcotics or psychotropicsubstances unless taken in accordance withthe lawful directions and prescription of anindependent medical practitioner.

d. For any medical condition or any medicalprocedure arising either as a result of war,invasion, act of foreign enemy, hostilities(whether war be declared or not), armed orunarmed truce, civil war, mutiny, rebellion, revolution, insurrection, military or usurpedpower, riot or civil commotion, strikes orparticipation in any naval, military or air forceoperation during peace time or duringservice in any police, paramilitary or anysimilar organization.

e. For any medical condition or any medicalprocedure arising from participation by theinsured person in any flying activity, exceptas a bona fide, fare-paying passenger andaviation industry employee like pilot or cabincrew of a recognized airline on regularroutes and on a scheduled timetable.

f. Participation by the insured person in acriminal or unlawful act with criminal intent.g. Engaging in or taking part in hazardousactivities*, including but not limited to,diving or riding or any kind of race; martialarts; hunting; mountaineering; parachuting;bungee-jumping; underwater activitiesinvolving the use of breathing apparatus ornot; *Hazardous Activities mean any sport orpursuit or hobby, which is potentiallydangerous to the Insured Member whetherhe is trained or not.

h. For any medical condition or anymedical procedure arising from nuclearcontamination; the radio-active, explosive orhazardous nature of nuclear fuel materials orproperty contaminated by nuclear fuelmaterials or accident arising from suchnature.