1. Which Company is offering the Life insurance Cover?

Answer: The Life Insurance Cover is offered by Ageas Federal Life Insurance (a joint venture between Federal Bank, Ageas Insurance International and IDBI bank). Ageas Federal life insurance is one of India’s prominent life insurance companies which commenced operations in 2008 and has nation-wide presence across length and breadth of country via its advisors, partners and branches of Federal bank.

2. What type of plan is offered?

Answer: Ageas Federal Life Insurance Group Loan Suraksha Plan (UIN 135N072V01) will be offered to Federal Bank Credit card customers. This is a non-linked, non-participating single premium, group credit life insurance plan. Federal Bank will be the master policy holder for this plan

3. How long will I be covered? What would be the Term of the cover?

Answer: The cover would be for one year from date of your cover commencement.

4. What are the terms and conditions for the product?

Answer: You may find more details of the product at https://www.ageasfederal.com/insurance-plans/group-plans/group-loan-suraksha-plan

5. What will be the death benefit or Sum assured for this plan?

Answer: The death benefit or sum assured is indicated in the below table:

6. What will be my premium?

Answer: The premium will be calculated basis your date of birth, however the following table will help you to approximate the premium amount.

7. What is a nominee? Whom can I appoint as nominee? Can I change my nomination later?

Answer: Nomination is a process which enables a policyholder to nominate a person/s to receive the policy proceeds in the event of the death of the life assured. Policyholder can nominate any relative to whom the policyholder wants the financial benefits to accrue, in case of his/her death during policy tenure. The request for change in nomination can be accepted for in force / lapse/paid up/discontinued policies.

8. Whom can I contact for service regarding this policy?

Answer: You can call us on 1800 209 0502 or write to us on support@ageasfederal.com for any request service.

9. If my needs are different or if I need a change in the cover or premium offered are there other options?

Answer: Request you to please visit the nearest Federal Bank branch and meet the Insurance relationship manager or visit https://www.ageasfederal.com/insurance-plans

By clicking "Agree and Continue", you will be re-directed to a third party website i.e., website of Ageas Federal Life Insurance (hereinafter ‘‘third party website’’) .The Federal Bank Ltd. (hereinafter referred to as “Federal Bank”) would be sharing certain data/information related to you to Ageas Federal Life Insurance which are necessary for enabling the purchase of insurance products by you from Ageas Federal Life Insurance .By proceeding further, you are deemed to have given your explicit consent to Federal Bank for sharing the aforesaid data/information with Ageas Federal Life Insurance.

You understand and acknowledge that your access to the third party website and your availing of any services/purchase of any insurance products offered on the third party website or reliance on any opinion, statement, or information available on the third party website shall be at your sole risk and responsibility. Federal Bank does not guarantee the accuracy or completeness of the services, information, products, materials or the reliability of any service, insurance product/s , advice, opinion, statement or other information displayed or distributed through the third party Website . All Services and insurance products offered through the third party website are facilitated by Ageas Federal Life Insurance and Federal Bank accepts no responsibility or liability whatsoever in respect of the same.