Minimum 25 lives
Maximum No limit
Minimum -
Maximum 75 Years
Minimum 15 Years (Only for Education loan) 18 years (All other loans)
Maximum 65 Years
Minimum 1 Month
Maximum 240 Months
Single premium
Minimum 1 year (12 months)
Maximum 7 years (84 months)
Minimum Rs. 5,000
Maximum Rs. 30,00,00,000
Pay only once
Cover for wide range of loan
Single / Joint / Proportionate Life Cover option
Plan provides Level and Reducing Death Benefit option
Insurance cover during moratorium period
Tax benefits under relevant sections as per prevailing tax laws
Ageas Federal Life Insurance Group Credit Shield Plan II insures your loan thereby taking the burden of loan payment off the borrower’s family while safeguarding their financial future through a life cover. The plan covers a wide range of loans and offers attractive features such as joint life cover, proportionate cover and moratorium period cover.
This plan covers a wide range of loans - personal loans, education loans, vehicle loans, gold loans, agri-business loans, working capital loans, loan against securities and more.
In case of death of an insured member before the expiry of the cover and while the cover is still in force, a Death Benefit will be paid immediately basis the cover option chosen.
This plan has 3 life cover options i.e Single Life Cover, Joint Life Cover, Proportionate Life Cover .