Minimum 50 members
Maximum No Limit
Minimum 18 Years
Maximum 65 Years
Minimum 19 Years
Maximum 75 Years
Minimum Rs. 5,00,000
Maximum No limit
Minimum 1 Years
Maximum 30 Years
Tenure Single Premium
One-time payment
Cover available for home loans, loan against property and plot loans
Offers two death benefit options
Life cover options available for single life cover, joint life cover or proportionate cover for co-borrowers of a loan
Flexibility to cover loan amount or loan amount plus interest accruals during moratorium period
Tax Benefits may be applicable on the premiums paid and the benefits received as per Tax Law
Ageas Federal Life Insurance Group Loan Secure Plan II is a single premium, non-linked, non-participating, group pure risk premium life insurance plan. This plan will assure your members that their dreams won’t end with them, and that their family would not be burdened with any outstanding debt in their unfortunate absence.
Life cover options available for single life cover, joint life cover or proportionate cover for co-borrowers of a loan
The plan offers 2 Death benefit options – Level death benefit option and Reducing death benefit option