Minimum 18 Years
Maximum 70 Years
Minimum 18 Years
Maximum 75 Years
Minimum Rs. 5,000
Maximum Rs. 2,00,000
Minimum
Single Pay – 1 month
One Year Renewable Term(OYRT) -12 months
Maximum
Single Pay – 60 months
One Year Renewable Term(OYRT) -12 months
Minimum 5 lives
Maximum No Limit
Tenure Single Pay, Yearly, Half-Yearly, Quarterly, Monthly
Provide Financial security at nominal cost
One Year Renewable Term (OYRT) & Single Premium
Plan provides Level and Reducing Death Benefit option
Joint life Option available for spouse
Tax benefits under relevant sections as per prevailing tax laws.
Ageas Federal Life Insurance Group Microsurance Plan II is to cover members, employees or spouse of members of Micro Finance institutions, co-operatives, and other homogeneous groups, socially and economically weaker sections of the society, Self Help Groups, Non-Banking Financial Companies, District Cooperative Banks, Regional Rural Banks or NGOs.
This plan has 2 life cover options i.e Single Life Cover & Joint Life Cover
There are two death benefit options in this plan: 1. Level death benefit 2. Reducing death benefit