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Ageas Federal Sampoorna Suraksha Micro Insurance Plan

Ageas Federal Sampoorna Suraksha Micro Insurance Plan is a specially designed micro-insurance policy for the poor sections of the society. t is designed to provide insurance coverage to the backward classes at a low rate so that they can also enjoy financial security

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Key Features

It is a pure term insurance plan with single or regular premium payment option
The premium amount is chosen by the policyholder based on which the Sum Assured is determined

Benefits

In case of death of the policyholder, the nominee gets higher of the basic SA or 10 / 7 times the annual premium or 105% of all premiums paid as death benefit.
Inbuilt Accidental Death Benefit Rider provides additional Sum Assured in case of accidental death
Income tax benefit on the premium paid as per Section 80C and on the claims received as per Section 10(10D) of the Income Tax Act.

Product Specification:

	Minimum	Maximum
Entry Age (Last Birthday)	18 years	55 years
Maturity Age (Last Birthday)	23 years	60 years
Policy Term (PT) in years	5	10
Premium Paying Term (PPT) in years	Single Pay or Regular pay
Premium paying frequency	Annual
Yearly Premium	100 for Regular Pay 400 for Single Pay	5200
Sum Assured	5,000	50,000

Details about Premium

Annual Premium in rupees and the corresponding Sum Assure

	Sum Assured
	Regular Premium				Single Premium
Term	5 yrs.	10 yrs.	5 yrs.	10 yrs.	5 yrs.	10 yrs.	5 yrs.	10 yrs.
Age	Premium = Rs.100		Premium = Rs.200		Premium = Rs.400		Premium = Rs.800
30 yrs.	17,922	16,577	35,843	33,155	20,893	11,551	41,785	23,102
35 yrs.	16,274	15,052	32,548	30,105	18,579	9785	37,158	19,570
40 yrs.	13,605	11,947	27,211	23,894	15,037	7446	30,073	14,893
45 yrs.	10,196	8610	20,392	17,220	10,846	5203	21,691	10,406

Exclusions

In case of suicide within 12 months of policy inception or revival only 80% of the premiums paid is refunded
In case of the Accidental rider, benefit is not payable for death from accidents which are self-inflicted or due to civil commotions, riots, war, participation in hazardous sport activities, criminal activities or if death occurs 6 months after the accident.

Policy Details

Grace Period: grace period of 30 days is allowed for premium payment
Policy Termination or Surrender Benefit: the policy acquires a Surrender value only in case of Single Premium where the value is 60% of the Single Premium paid.
Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim.

Documents Required

Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history.

˜Top 5 plans based on annualized premium for bookings made on https://www.policybazaar.com in the first 6 months of FY 24-25.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

+Rs. 487/month (Rs.16/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.

Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited

We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881

For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale

Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.

+Rs. 820/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.

+Rs. 1,443/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.

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