Ageas Federal Life Insurance Group Credit Shield Plan (UIN 135N087V02)
A Single premium, Non-Linked, Non-Participating, Group Pure Risk Premium, Life Insurance Plan
Features
Eligibility Criteria
|
Minimum |
Maximum |
|
|
Entry age of a member (as on last birthday) |
15 years (Only for Education loan) 18 years (All other loans) |
65 years |
|
Cover ceasing age of the member (as on last birthday) |
- |
75 years |
|
Cover Term |
1 month |
20 years (including moratorium period, if any) |
|
Premium payment term |
Single premium |
|
|
Moratorium period |
1 year |
7 years |
|
Death Sum Assured at inception per member |
Rs.5,000 |
Rs.30,00,00,000 |
^All ages are as per age last birthday.
Similarly for your borrowers it is prudent to insure the loan liability and protect their loved ones from having to shoulder the burden of repaying the debt in case of an unfortunate incident.
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