Guaranteed Income Plan

BSE-NSE-web Portlet

Guaranteed Income Plan

  • Features
  • Eligibility Criteria

A quick, hassle-free life insurance plan with guaranteed payouts or lumpsum depending on the option chosen.

Option to avail policy loan

No Medical Examination

Tax Benefit u/s 80C & 10(10D)*

*Please note that tax benefits are subject to change as per prevailing Income Tax laws. Consult your tax advisor for determining the tax benefits applicable to you.
 

Age at entry of life insured (last birthday) 8 years (Min) for Endowment Option | 13 years (Min) for Income Option
50 Years (Max)
Age at Maturity of the life insured (last birthday) 10 years PT # | 60 years (Max)
15 years PT | 65 years (Max)
Premium (In multiples of 5,000) Rs.15,000 (Min)
5 years/ 10 years PPT$/PT | 1,00,000 (Max)
10 years/ 10 years PPT/PT | 75,000 (Max)
10 years/ 15 years PPT/PT | 60,000 (Max)
Premium Payment Term/Policy Term Income Option
5 years PPT | 10 years PT
Endowment Option
5 years PPT | 10 years PT
10 years PPT | 10 years PT
10 years PPT | 15 years PT
Premium Frequency (Mode) Yearly

*Annuity Payout frequency has to be chosen at inception and cannot be changed later

Guaranteed Income plan

Disclaimer:

Ageas Federal Life Insurance Guaranteed Income Plan (Product UIN No. 135N050V03) is a non-linked, non-participating insurance plan. Life Insurance coverage is available in this plan. For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale. This product does not participate in the profits of the Company. Tax benefits are as per the Income Tax Act, 1961 and are subject to changes in the tax from time to time. Ageas Federal Life Insurance Company Ltd. does not assume responsibility on tax implication mentioned anywhere in this advertisement. Please consult your own tax consultant to know the tax benefits available to you. This product is underwritten by Ageas Federal Life Insurance Company Limited - Formerly known as IDBI Federal Life Insurance Company Limited (Regn. No 135; Corporate Identity Number (CIN) - U66010MH2007PLC167164) having its registered office at 22nd Floor, A Wing, Marathon Futurex, N. M. Joshi Marg, Lower Parel - East, Mumbai - 400013. Toll Free: 1800 209 0502. Insurance cover is available under this product. Trade Logo displayed above belongs to The Federal Bank Limited and Ageas International Insurance N. V. and used by Ageas Federal Life Insurance Company Limited under license from respective partners. GST and other levies, as applicable, will be levied as per the extant laws. Federal Bank is a Corporate Agent of Ageas Federal Life Insurance Company Limited having its registration number (Regn. No. CA0227) and Registered office at P.B. No.103, Federal Towers, Aluva, Ernakulam, Kerala -683101. The corporate agent does not underwrite the risk or act as an insurer. Participation of the Federal Bank customers is on a voluntary basis.  

 

BEWARE OF SPURIOUS/FRAUD PHONE CALLS!

IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.