{"uin":"135N050V05","name":"Guaranteed Income Plan","url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/guaranteed-income-plan-135n050v05","insurer":{"slug":"ageas-federal-life-insurance","name":"Ageas Federal Life Insurance Company Limited","url":"https://indiainsurances.com/insurer/ageas-federal-life-insurance"},"line":"life","category":"savings-life","category_name":"Endowment and savings plans","irdai_type":null,"kind":"product","status":"active","approved_on":null,"withdrawn_on":null,"summary":"Guaranteed Income Plan is a non-linked, non-participating individual savings life insurance plan with Income and Endowment options. Income option pays guaranteed annual payouts from the end of the 6th to 10th policy year, while Endowment pays a maturity sum assured at maturity.","analysis":{"state":"machine","analysed_at":"2026-10-19 18:13:57.239117+00","note":"First pass: one AI reading; every stated fact carries a verbatim quote found in the cited clause, but it has not been reviewed. Check the clause before relying on it."},"facts":[{"key":"plan_variants","label":"Plans and variants","section":"Overview","meaning":"The named plans inside this product (not cover types or payout options). Facts can differ between them.","status":"quote-verified","value":["Endowment Option","Income Option"],"display":"Endowment Option / Income Option","note":null,"quote":"Plan Variant | <Endowment Option / Income Option >","sources":[{"clause":"Row 4","heading":"Basic Policy details","page":1,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/guaranteed-income-plan-135n050v05/document/1827#c-row-4"}],"law":[]},{"key":"policy_term","label":"Policy term","section":"Eligibility","meaning":"How long one policy runs before it ends or must be renewed.","status":"quote-verified","value":"Income Option has a 10-year policy term. Endowment Option has 10, 14, 15, 16, 20 or 25-year policy terms; POS policies have maximum policy term of 20 years.","display":"Income: 10 years; Endowment: 10, 14, 15, 16, 20 or 25 years; POS max PT 20 years","note":null,"quote":"Policy Term/Premium Payment Term | Fixed | Income Option | Endowment Option\nPT | PPT | PT | PPT\n10 | 5 | 10 | 5\n14 | 7\n16 | 8\n20 | 8\n10 | 10\n15 | 10\n20 | 10\n25 | 10 ... For policies sourced through POS distribution channel Max PT will be 20 years","sources":[{"clause":null,"heading":"For other than POSP Variant","page":6,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/guaranteed-income-plan-135n050v05/document/1845#c-for-other-than-posp-variant"},{"clause":null,"heading":"Get tax benefits","page":3,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/guaranteed-income-plan-135n050v05/document/1845#c-get-tax-benefits"}],"law":[]},{"key":"claim_intimation","label":"Claim intimation deadline","section":"Claims","meaning":"How soon you must tell the insurer about a claim or hospitalisation.","status":"quote-verified","value":"A claim should be notified to the insurer within 90 days from the date of insured event along with claim documents.","display":"Within 90 days from the date of insured event","note":null,"quote":"A claim should be notified to the insurer within 90 days from the date of insured event along with the submission of claim documents.","sources":[{"clause":"Row 15","heading":"Claims/Claims Procedure","page":2,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/guaranteed-income-plan-135n050v05/document/1827#c-row-15"}],"law":[{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 20, 21","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"claim_documents","label":"Claim documents","section":"Claims","meaning":"Documents the insurer asks for when you claim.","status":"quote-verified","value":["Death claim: original policy document","Death claim: Death Certificate issued by Municipal Corporation / Gram Panchayat","Death claim: Death Claim Form","Death claim: KYC documents, relationship proof, bank details, PAN CARD/Form 97 and Officially Valid Documents","Death claim: O/s Loan Schedule as on date of Death","Unnatural/accidental death: First Information Report, Panchnama, Police Final Investigation report and Post-mortem report","Maturity claim: original policy pack, Maturity Form, updated bank details, PAN and KYC","Maturity claim: FATCA_CRS Declaration","Maturity claim: NOC from assignee if assigned"],"display":"Death claim documents include policy document, death certificate, claim form, KYC, bank details, PAN/Form 97 and loan schedule; unnatural/accidental death also needs FIR, panchnama, police final investigation report and post-mortem report. Maturity claim needs policy pack, maturity form, bank details, PAN/KYC, FATCA_CRS declaration and NOC if assigned.","note":"The insurer may ask for further documentation or waive requirements in exceptional circumstances.","quote":"The following need to be produced in case of a death claim:\n• The original policy document\n• Death Certificate issued by Municipal Corporation / Gram Panchayat\n• Death Claim Form to be signed and attested by the party to whom benefits are payable\n• KYC documents of the claimant & Relationship Proof between Life Assured and Claimant\n• Bank Account details with IFSC code of Beneficiary\n• Claimant's PAN CARD/Form 97\n• Officially Valid Documents of the claimant\n• Relationship Proof between Insured member and Claimant\n• O/s Loan Schedule as on date of Death ... The following needs to be submitted in case of unnatural death/ accidental death:\n• First Information Report\n• Panchnama\n• Police Final Investigation report\n• Post-mortem report ... The following need to be produced in case of a Maturity claim:\n• The original policy pack (In case, policy is in electronic form, policy document not required)\n• Maturity Form (available on https://www.ageasfederal.com/services/policy-servicing-forms)\n• Updated Bank details (Copy of Personalized Cancelled Cheque or Pass Book or Bank statement duly attested by Bank) and in case the bank account is NRE, then we will need bank confirmation letter of premiums paid through a NRE account.\n• Self Attested PAN and any one of the following valid KYC: o Passport Copy o Voter Id o Driving License Copy o Job Card Issued by NREGA o Letter issued by National Population Register o Any Other document as notified by Central Government o Masked Aadhaar Card Copy\n• FATCA_CRS Declaration (available on https://www.ageasfederal.com/services/policy-servicing-forms ... In case your policy is assigned, then provide an NOC from the assignee, else payment will be processed in favour of the assignee.","sources":[{"clause":"4","heading":"Claims requirements For Death Claim","page":14,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/guaranteed-income-plan-135n050v05/document/1835#c-4-2"},{"clause":null,"heading":"For Maturity","page":15,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/guaranteed-income-plan-135n050v05/document/1835#c-for-maturity"}],"law":[{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 17","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 22","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 23","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(iii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"claim_settlement_time","label":"Claim settlement time promised","section":"Claims","meaning":"How quickly the policy says a claim is decided or paid, and from when that is counted (intimation or last document).","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[{"title":"The Insurance Act, 1938","section":"Section 64UM(4) to (6)","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 10","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 15","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 16","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 22","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(i), V.3(ii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(iii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.4","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 23","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"The Motor Vehicles Act, 1988: Chapter XI, insurance of motor vehicles against third party risks","section":"Section 149","url":"https://indiainsurances.com/law/motor-vehicles-act-1988"}]},{"key":"exclusions_main","label":"Main exclusions","section":"Exclusions","meaning":"What the policy does not pay for, in the policy's own words.","status":"quote-verified","value":["Suicide Exclusion","Waiting Period Exclusion"],"display":"Suicide within 12 months pays 80% of total premiums paid or surrender value, whichever is higher, if in force. POS policies have a 90-day waiting period exclusion for non-accidental death; non-POS policies do not.","note":null,"quote":"a) Suicide Exclusion In case of death due to suicide within 12 months from the date of commencement of risk under the policy or from the date of revival of the policy, as applicable, the nominee or beneficiary of the policyholder shall be entitled to 80% of the total premiums paid till the date of death or the surrender value available as on the date of death whichever is higher, provided the policy is in force. ... b) <<Insert in case of POS policies> Waiting Period Exclusion Waiting period is applicable in case of death within 90 days from the date of commencement of policy. Waiting period is not applicable in case of revival. In case of Death (other than accidental death) during waiting period, only 100% of premiums paid including underwriting loadings if any but excluding Goods and Services taxes and cess will be paid to the claimant as Death Benefit.>\n<<Insert in case of other than POS> Waiting Period Exclusion Waiting period is not applicable to policies sourced through channels other than POS.>","sources":[{"clause":"3(a)","heading":null,"page":14,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/guaranteed-income-plan-135n050v05/document/1835#c-3-a"},{"clause":"3(b)","heading":null,"page":14,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/guaranteed-income-plan-135n050v05/document/1835#c-3-b"}],"law":[{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 11","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 16","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"grievance","label":"Grievance route","section":"Claims","meaning":"Who to complain to first, as stated in the policy, before going to the Insurance Ombudsman.","status":"quote-verified","value":"First email support@ageasfederal.com or grievance@ageasfederal.com, approach a branch, or contact the head office. If not satisfied or no response within 10 days, contact the Grievance Redressal Officer; if still not satisfied or no response within 15 days, approach the IRDAI Grievance Cell.","display":"Email support@ageasfederal.com or grievance@ageasfederal.com / branch / head office; then GRO after 10 days; then IRDAI after 15 days","note":null,"quote":"In case you have any query/support, request please Email: support@ageasfederal.com, or you may approach any of our branches. For the list of branches and their address, please visit www.ageasfederal.com If you have any complaint/grievance, request to email at grievance@ageasfederal.com, you may approach any of our branches. ... 2. 1 In case you are not satisfied with the decision of the above office, or have not received any response within 10 days, you may contact the following official for resolution:\nGrievance Redressal Officer ... 2. 2 If you are not satisfied with the response or do not receive a response from us within 15 days, you may approach the Grievance Cell of IRDAI","sources":[{"clause":"2","heading":"Grievances","page":18,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/guaranteed-income-plan-135n050v05/document/1835#c-2-4"}],"law":[{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 3","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 4","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 5","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"The Consumer Protection Act, 2019","section":"Section 2(11)","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 2(42)","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 34","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 69","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Insurance Act, 1938","section":"Section 38","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 12","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 19","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 20","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 13","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 2","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 5(5), 5(6)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 5(9)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 25","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 26","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule III, Para 11","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"Review of revision in premium rates under health insurance policies for senior citizens, 2025","section":"Para 3","url":"https://indiainsurances.com/law/irdai-senior-premium-2025"},{"title":"Insurance Ombudsman Rules, 2017","section":"Rule 13","url":"https://indiainsurances.com/law/ombudsman-rules-2017"},{"title":"Insurance Ombudsman Rules, 2017","section":"Rule 14","url":"https://indiainsurances.com/law/ombudsman-rules-2017"}]},{"key":"sum_assured","label":"Sum assured","section":"Cover","meaning":"The minimum and maximum life cover, or the rule that sets it (for example 10 times the annual premium).","status":"quote-verified","value":"Minimum Sum Assured is Rs. 50,000. Maximum is no limit subject to Board approved underwriting policy for other than POSP variant; POSP variant maximum is Rs. 25,00,000.","display":"Min Rs. 50,000; max no limit subject to Board approved underwriting policy, or Rs. 25,00,000 for POSP","note":"POSP variant has the Rs. 25,00,000 maximum; other than POSP variant has no limit subject to underwriting.","quote":"Sum Assured | Min | Rs. 50,000\nMax | Rs. 25,00,000 ... Sum Assured | Min | Rs. 50,000\nMax | No Limit subject to Board approved underwriting policy.","sources":[{"clause":null,"heading":"Get tax benefits","page":3,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/guaranteed-income-plan-135n050v05/document/1845#c-get-tax-benefits"},{"clause":null,"heading":"For other than POSP Variant","page":6,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/guaranteed-income-plan-135n050v05/document/1845#c-for-other-than-posp-variant"}],"law":[]},{"key":"death_benefit","label":"Death benefit","section":"Cover","meaning":"What your family gets if you die during the term, and how it is calculated.","status":"quote-verified","value":"Death benefit is the higher of Death Sum Assured or 105% of Total Premiums paid as on the date of death. Death Sum Assured is the highest of Guaranteed Sum Assured on Maturity, 10 times Annualized Premium and the absolute amount assured to be paid on death; for Income Option, Maturity Sum Assured is nil and GAPs already paid are not deducted.","display":"Higher of Death Sum Assured or 105% of Total Premiums paid; Death Sum Assured is highest of Maturity Sum Assured, 10 times Annualized Premium, or Sum assured","note":"For non-annual mode policies, premiums due up to the next policy anniversary are deducted without interest. POS policies have a waiting period rule.","quote":"The Death Benefit payable is:\nHigher of:\n• Death Sum Assured, or,\n• 105% of Total Premiums paid as on the date of death. ... Death Sum Assured will be highest of:\n• Guaranteed Sum Assured on Maturity (Maturity Sum Assured)1,\n• 10 times of Annualized Premium2,\n• Any absolute amount assured to be paid on death which is Sum assured3, ... Where, 1Maturity Sum Assured is nil. ... Guaranteed Annual Payouts (GAPs) already paid, if any, will not be deducted from the Death Benefit.","sources":[{"clause":null,"heading":"1. Death Benefit","page":4,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/guaranteed-income-plan-135n050v05/document/1835#c-1-death-benefit"},{"clause":null,"heading":"2. Death Benefit","page":5,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/guaranteed-income-plan-135n050v05/document/1835#c-2-death-benefit"}],"law":[]},{"key":"maturity_benefit","label":"Maturity benefit","section":"Cover","meaning":"What you get if you survive to the end of the term.","status":"quote-verified","value":"Endowment Option pays the Maturity Sum Assured on survival till maturity. Income Option has nil guaranteed sum assured on maturity, and the last Guaranteed Annual Payout is paid on survival to maturity.","display":"Endowment: Maturity Sum Assured; Income: nil maturity sum assured and last GAP on survival to maturity","note":null,"quote":"The Maturity Sum Assured (MSA) is paid on survival till maturity. The Maturity Sum Assured payable to you at Maturity is shown in the policy schedule.\nMaturity benefit is equal to Maturity Sum Assured. ... The guaranteed sum assured on maturity is nil. The last GAP payment will be made on survival to maturity.","sources":[{"clause":null,"heading":"Waiting Period","page":4,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/guaranteed-income-plan-135n050v05/document/1835#c-waiting-period"},{"clause":"3","heading":"Maturity Benefit","page":6,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/guaranteed-income-plan-135n050v05/document/1835#c-3"}],"law":[]},{"key":"premium_paying_term","label":"Premium paying term","section":"Premium","meaning":"For how many years you pay premiums.","status":"quote-verified","value":"Income Option premium paying term is 5 years. Endowment Option premium paying terms are 5, 7, 8 or 10 years depending on the chosen policy term.","display":"Income: 5 years; Endowment: 5, 7, 8 or 10 years","note":null,"quote":"Policy Term/Premium Payment Term | Fixed | Income Option | Endowment Option\nPT | PPT | PT | PPT\n10 | 5 | 10 | 5\n14 | 7\n16 | 8\n20 | 8\n10 | 10\n15 | 10\n20 | 10\n25 | 10","sources":[{"clause":null,"heading":"For other than POSP Variant","page":6,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/guaranteed-income-plan-135n050v05/document/1845#c-for-other-than-posp-variant"}],"law":[]},{"key":"maturity_age","label":"Maximum maturity age","section":"Eligibility","meaning":"The oldest age at which cover ends.","status":"quote-verified","value":"For other than POSP variant, maximum maturity age is 60 years for 10-year policy term, 64 years for 14-year policy term, 65 years for 15-year policy term, 66 years for 16-year policy term, 70 years for 20-year policy term and 75 years for 25-year policy term. POSP variant maximum maturity age is 60 years for 10-year term, 64 years for 14-year term and 65 years for 15, 16 and 20-year terms.","display":"Max maturity age: 60, 64, 65, 66, 70 or 75 years by policy term; POSP max up to 65 years","note":null,"quote":"Max | PT | Maturity Age\n10 | 60 years\n14 | 64 years\n15,16 and 20 | 65 years ... Max | 15 | 65 years\n15 | 65 years\n16 | 66 years\n16 66 years\n20 | 70 years\n20 70 years\n25 | 75 years\n25 75 years","sources":[{"clause":null,"heading":"Get tax benefits","page":3,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/guaranteed-income-plan-135n050v05/document/1845#c-get-tax-benefits"},{"clause":null,"heading":"For other than POSP Variant","page":6,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/guaranteed-income-plan-135n050v05/document/1845#c-for-other-than-posp-variant"}],"law":[]},{"key":"suicide_clause","label":"Suicide clause","section":"Exclusions","meaning":"What is paid if death is by suicide within the first 12 months.","status":"quote-verified","value":"If death is due to suicide within 12 months from commencement of risk or revival, the nominee or beneficiary gets 80% of total premiums paid till death or the surrender value available on the date of death, whichever is higher, provided the policy is in force.","display":"Within 12 months: 80% of total premiums paid or surrender value, whichever is higher","note":null,"quote":"a) Suicide Exclusion In case of death due to suicide within 12 months from the date of commencement of risk under the policy or from the date of revival of the policy, as applicable, the nominee or beneficiary of the policyholder shall be entitled to 80% of the total premiums paid till the date of death or the surrender value available as on the date of death whichever is higher, provided the policy is in force.","sources":[{"clause":"3(a)","heading":null,"page":14,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/guaranteed-income-plan-135n050v05/document/1835#c-3-a"}],"law":[{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 21","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 35","url":"https://indiainsurances.com/law/irdai-life-products-2024"}]},{"key":"surrender","label":"Surrender value","section":"Renewal and rights","meaning":"What you get if you stop the policy early, and from when.","status":"quote-verified","value":"Surrender value becomes payable after completion of the first policy year if one full year premium has been received. It is the higher of Guaranteed Surrender Value and Special Surrender Value, paid in a lump sum; the policy terminates on surrender, and no further benefits are payable.","display":"After first policy year and one full year premium; higher of GSV and SSV, paid lump sum","note":"For Income Option, GAPs already paid are deducted from GSV and GSV is always non-negative.","quote":"Surrender value shall become payable after completion of first policy year, provided one full year premium has been received. The surrender value is higher of Guaranteed Surrender Value (GSV) and Special Surrender Value (SSV). ... The surrender value will be paid in a lump sum. The policy terminates on surrender and no further benefits are payable under the policy. ... GSV = (Premiums paid till date of surrender (including underwriting loadings, if any) x GSV factor) – Sum of GAPs already paid, if any","sources":[{"clause":null,"heading":"1. Surrender","page":7,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/guaranteed-income-plan-135n050v05/document/1835#c-1-surrender"},{"clause":"10(a)","heading":null,"page":7,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/guaranteed-income-plan-135n050v05/document/1835#c-10-a"},{"clause":"Row 25(a)","heading":null,"page":10,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/guaranteed-income-plan-135n050v05/document/1835#c-row-25-a-3"}],"law":[{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 26.1 to 26.3","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 26.4 and 26.5","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 27","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.3","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.6","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.16 and 1.17","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(A)(a)(1) to (3)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(A)(a)(4) and (5)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(A)(a)(6) to (9)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(B)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 2(A)(vi)(c)(V)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"}]},{"key":"paid_up","label":"Paid-up value","section":"Renewal and rights","meaning":"What cover continues if you stop paying premiums after a few years.","status":"quote-verified","value":"After completion of the first policy year and receipt of one full year premium, non-payment within the grace period makes the policy paid-up with reduced benefits. Reduced death benefit is based on Death Sum Assured multiplied by premiums paid over premiums payable; Endowment reduced maturity benefit uses the same proportion, and Income reduced GAP uses the same proportion.","display":"Paid-up after first policy year and one full year premium; reduced benefits continue","note":"Income Option has reduced GAP; Endowment Option has reduced MSA.","quote":"After completion of first policy year, provided one full year premium has been received, in case of non-payment of due Premiums within the Grace Period, the policy shall become paid-up with reduced benefits. ... Reduced Death Sum Assured = Death Sum Assured * (Number of premiums paid/Number of premiums payable) ... Reduced MSA = Maturity Sum Assured * (Number of premiums paid/Number of premiums payable) ... Reduced GAP = GAP * Number of premiums paid / Number of premiums payable","sources":[{"clause":null,"heading":"2. Paid up","page":8,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/guaranteed-income-plan-135n050v05/document/1835#c-2-paid-up"},{"clause":"Row 25(a)","heading":null,"page":8,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/guaranteed-income-plan-135n050v05/document/1835#c-row-25-a"},{"clause":"Row 25(b)","heading":null,"page":8,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/guaranteed-income-plan-135n050v05/document/1835#c-row-25-b"},{"clause":"Row 10(b)","heading":null,"page":11,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/guaranteed-income-plan-135n050v05/document/1835#c-row-10-b"}],"law":[]},{"key":"revival","label":"Revival period","section":"Renewal and rights","meaning":"How long after lapsing you can restart the policy.","status":"quote-verified","value":"A lapsed or paid-up policy may be revived if application is made within five consecutive complete years from the due date of the first unpaid premium, subject to evidence of health and other underwriting requirements, and payment of due premiums with interest.","display":"Within five consecutive complete years from the due date of the first unpaid premium","note":"Revival interest is 2% plus annualized yield on 10-year Government security; current rate shown is 8.80% per annum from 1st February, 2026.","quote":"If your policy has lapsed or acquired paid-up value, we may revive it subject to the following conditions:\n• You must make an application for revival within five consecutive complete years from the due date of the first unpaid premium.\n• The insured person must provide satisfactory evidence of health and satisfy other requirements according to the Company’s Board approved underwriting policies at that time. ... When a policy is revived after payment of all due premiums together with interest, all Benefits will be reinstated as shown in the schedule.","sources":[{"clause":null,"heading":"4. Revival","page":8,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/guaranteed-income-plan-135n050v05/document/1835#c-4-revival"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 50","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.1 and 40.1.2","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.4","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.6","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.7","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, III.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.10","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.28","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.39","url":"https://indiainsurances.com/law/irdai-products-regs-2024"}]},{"key":"policy_loan","label":"Policy loan","section":"Renewal and rights","meaning":"Whether you can borrow against the policy.","status":"quote-verified","value":"Loan facility is available once the policy acquires surrender value. The loan amount is limited to 85% of Guaranteed Surrender Value subject to a minimum loan amount of Rs.5000.","display":"Available after surrender value; up to 85% of GSV, minimum Rs.5000","note":null,"quote":"Loan facility will be available once the policy acquires surrender value. ... a) Loan amount granted will be limited to 85% of Guaranteed Surrender Value available under the policy subject to a minimum loan amount of Rs.5000.","sources":[{"clause":null,"heading":"5. Loans","page":9,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/guaranteed-income-plan-135n050v05/document/1835#c-5-loans"},{"clause":"Row 25(a)","heading":null,"page":9,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/guaranteed-income-plan-135n050v05/document/1835#c-row-25-a-2"}],"law":[]},{"key":"riders_available","label":"Riders available","section":"Cover","meaning":"Optional add-ons such as accidental death, critical illness or waiver of premium.","status":"quote-verified","value":["Ageas Federal Life Insurance Accident Care Rider"],"display":"Ageas Federal Life Insurance Accident Care Rider (135B034V01)","note":"Rider is optional and can be attached at base policy inception or any monthly policy anniversary, subject to rider terms.","quote":"You can enhance your coverage during the policy term by adding the following optional rider/s at a nominal cost, over and above your base policy premium. ... 1 | Ageas Federal Life Insurance Accident Care Rider | 135B034V01 (or any other latest version)","sources":[{"clause":null,"heading":"Option 1: Income Option Option 2: Endowment Option","page":7,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/guaranteed-income-plan-135n050v05/document/1845#c-option-1-income-option-option-2-endowment-option"}],"law":[]},{"key":"section45","label":"Claims after 3 years (Section 45)","section":"Claims","meaning":"After 3 years a life policy cannot be questioned on any ground, and only for fraud with proof before that.","status":"quote-verified","value":"No life insurance policy can be called in question on any ground after expiry of 3 years from the later of policy issuance, commencement of risk, revival or rider date. On fraud, the policy may be called in question within 3 years, with written communication of the ground and materials.","display":"No question after 3 yrs; fraud may be questioned within 3 years with written grounds and materials","note":null,"quote":"No Policy of Life Insurance shall be called in question on any ground whatsoever after expiry of 3 yrs from\na) the date of issuance of policy or\nb) the date of commencement of risk or\nc) the date of revival of policy or\nd) the date of rider to the policy\nwhichever is later. ... On the ground of fraud, a policy of Life Insurance may be called in question within 3 years ... For this, we will communicate in writing to the insured or legal representative or nominee or assignees of insured, as applicable, mentioning the ground and materials on which such decision is based.","sources":[{"clause":"1","heading":null,"page":25,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/guaranteed-income-plan-135n050v05/document/1835#c-1-7"},{"clause":"2","heading":null,"page":25,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/guaranteed-income-plan-135n050v05/document/1835#c-2-11"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 45","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 10","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 10","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, IV.6","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 8","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"tax_note","label":"Tax note in the document","section":"Premium","meaning":"What the document says about tax benefits. Not stated when it only says taxes are charged on the premium. Tax law changes; confirm separately.","status":"quote-verified","value":"Tax benefits may be available as per prevailing tax laws, are subject to changes, and the insurer says to consult your own tax consultant.","display":"Tax benefits may be available as per prevailing tax laws; consult your tax advisor","note":null,"quote":"Tax benefits may be available as per the prevailing tax laws.\nTax Benefits are subject to changes in the tax laws from time to time. Ageas Federal Life Insurance Company Ltd. does not assume responsibility on tax implication. Please consult your own tax consultant to know the tax benefits available to you.","sources":[{"clause":null,"heading":"Get tax benefits","page":3,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/guaranteed-income-plan-135n050v05/document/1845#c-get-tax-benefits"}],"law":[]},{"key":"free_look","label":"Free-look period","section":"Renewal and rights","meaning":"Days after you receive the policy in which you can return it for a refund if you do not agree with its terms.","status":"quote-verified","value":{"unit":"days","amount":30},"display":"30 days","note":null,"quote":"You are entitled to a free look period of 30 days beginning from the date of receipt of the policy document (whether received electronically or otherwise), to review the terms and conditions of the policy.","sources":[{"clause":"2","heading":"Free Look","page":14,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/guaranteed-income-plan-135n050v05/document/1835#c-2-3"}],"law":[{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 5","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 5","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(1), 20(2)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(3) to 20(5)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(6)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, II.8","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, III.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, III.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"grace_period","label":"Grace period","section":"Renewal and rights","meaning":"Days you get after the due date to pay without losing cover or continuity.","status":"quote-verified","value":{"unit":"days","amount":30},"display":"30 days for Yearly and Half-Yearly Mode; 15 days for Monthly mode","note":"Monthly mode grace period is 15 days.","quote":"Grace period is 30 days for Yearly and Half-Yearly Mode and 15 days for Monthly mode from the due date for the payment of Premium.","sources":[{"clause":"1","heading":"Grace Period","page":14,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/guaranteed-income-plan-135n050v05/document/1835#c-1-3"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 50","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 8","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 9","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 8","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, IV.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, IV.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.2","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule III, Para 1.3","url":"https://indiainsurances.com/law/irdai-products-regs-2024"}]},{"key":"eligibility_entry_age","label":"Entry age","section":"Eligibility","meaning":"The youngest and oldest age at which you can buy this policy.","status":"quote-verified","value":"Minimum entry age is 8 years for Endowment Option and 13 years for Income Option. Maximum entry age is 50 years.","display":"Min 8 years for Endowment Option, 13 years for Income Option; max 50 years","note":null,"quote":"Age at entry of life insured (last birthday) | Min$ | 8 years for Endowment Option. 13 years for Income Option\nMax | 50 years","sources":[{"clause":null,"heading":"For other than POSP Variant","page":6,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/guaranteed-income-plan-135n050v05/document/1845#c-for-other-than-posp-variant"}],"law":[]},{"key":"premium_modes","label":"Premium payment options","section":"Premium","meaning":"How often you can pay: yearly, half-yearly, quarterly, monthly.","status":"quote-verified","value":["Yearly","Half – Yearly","Monthly"],"display":"Yearly/Half – Yearly/Monthly","note":null,"quote":"a) Modes of Premium Payment: Yearly/Half – Yearly/Monthly The Premium Payment Mode needs to be chosen at the inception of the policy.","sources":[{"clause":"Row 5(a)","heading":"Modes of Premium Payment","page":26,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/guaranteed-income-plan-135n050v05/document/1845#c-row-5-a-2"}],"law":[]},{"key":"premium_type","label":"Premium payment type","section":"Premium","meaning":"Single premium, regular premium (every year of the term) or limited premium (fewer years than the term).","status":"quote-verified","value":["Regular premium","Limited premium"],"display":"PPT can equal PT or be shorter than PT; no single premium option stated","note":"The document states PPT/PT combinations rather than using the labels regular premium and limited premium.","quote":"Policy Term/Premium Payment Term | Fixed | Income Option | Endowment Option\nPT | PPT | PT | PPT\n10 | 5 | 10 | 5\n14 | 7\n16 | 8\n20 | 8\n10 | 10\n15 | 10\n20 | 10\n25 | 10","sources":[{"clause":null,"heading":"For other than POSP Variant","page":6,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/guaranteed-income-plan-135n050v05/document/1845#c-for-other-than-posp-variant"}],"law":[]},{"key":"guaranteed_benefits","label":"Guaranteed benefits","section":"Cover","meaning":"What is guaranteed, in rupees or as a formula, regardless of the insurer's performance.","status":"quote-verified","value":"The plan guarantees benefits irrespective of market conditions. Income Option pays Guaranteed Annual Payouts from the end of the 6th policy year up to the end of 10th policy year as shown in the schedule, and Endowment Option pays the Maturity Sum Assured shown in the schedule at maturity.","display":"Guaranteed Annual Payouts for Income Option; Maturity Sum Assured for Endowment Option","note":null,"quote":"After paying your premiums, you will receive guaranteed benefits basis the plan option you have selected. The benefits are guaranteed irrespective of market conditions. ... We will pay you a Guaranteed Annual Payout (GAP) on survival of the life insured till each of the guaranteed annual payout dates from the end of the 6th policy year up to the end of 10th policy year ... The Maturity Sum Assured payable to you at Maturity is shown in the policy schedule.","sources":[{"clause":null,"heading":"Enjoy guaranteed benefit","page":3,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/guaranteed-income-plan-135n050v05/document/1845#c-enjoy-guaranteed-benefit"},{"clause":null,"heading":"1. Survival Benefit","page":5,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/guaranteed-income-plan-135n050v05/document/1835#c-1-survival-benefit"},{"clause":null,"heading":"Waiting Period","page":4,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/guaranteed-income-plan-135n050v05/document/1835#c-waiting-period"}],"law":[]},{"key":"bonus","label":"Bonus type","section":"Cover","meaning":"Participating plans share profits as bonuses; these are NOT guaranteed.","status":"quote-verified","value":"This is a non-participating policy and does not participate in surplus earnings, so no bonus participation is stated.","display":"Non-participating; does not participate in surplus earnings","note":null,"quote":"This policy does not participate in the surplus earnings of our policy holders’ fund.","sources":[{"clause":null,"heading":"9. Participation in profits","page":9,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/guaranteed-income-plan-135n050v05/document/1835#c-9-participation-in-profits"}],"law":[]},{"key":"illustration_returns","label":"Illustrated returns","section":"Cover","meaning":"The benefit illustration at the IRDAI rates (4% and 8%); not a promise.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]},{"key":"money_back","label":"Survival or money-back payouts","section":"Cover","meaning":"Instalments paid during the term.","status":"quote-verified","value":"Income Option pays Guaranteed Annual Payouts on survival of the life insured to each payout date from the end of the 6th policy year up to the end of 10th policy year, provided the policy is in force and premiums are paid. There is no survival benefit under the Endowment Option.","display":"Income Option: GAP from end of 6th policy year to end of 10th policy year; Endowment: no survival benefit","note":null,"quote":"We will pay you a Guaranteed Annual Payout (GAP) on survival of the life insured till each of the guaranteed annual payout dates from the end of the 6th policy year up to the end of 10th policy year, provided policy is in force and all due premiums have been paid to date. ... There is no survival benefit under this benefit option.","sources":[{"clause":null,"heading":"1. Survival Benefit","page":5,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/guaranteed-income-plan-135n050v05/document/1835#c-1-survival-benefit"},{"clause":null,"heading":"Option 2: Endowment Option","page":13,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/guaranteed-income-plan-135n050v05/document/1845#c-option-2-endowment-option"}],"law":[]}],"documents":[{"kind":"wording","label":"Sample Policy Document","pages":25,"fetched_at":"2026-10-17 19:32:56+00","source_url":"https://sacicwpprd01.blob.core.windows.net/%24web/sccicwppr01/assets/Guaranteed_Income_Plan_Web_PD_V4_6_11062026_99277c3347.pdf","url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/guaranteed-income-plan-135n050v05/document/1835"},{"kind":"prospectus","label":"Prospectus","pages":29,"fetched_at":"2026-10-17 19:33:06+00","source_url":"https://sacicwpprd01.blob.core.windows.net/%24web/sccicwppr01/assets/Guaranteed_Income_Brochure_V05_697043fcd4.pdf","url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/guaranteed-income-plan-135n050v05/document/1845"},{"kind":"cis","label":"Customer Information Sheet","pages":3,"fetched_at":"2026-10-17 19:32:46+00","source_url":"https://sacicwpprd01.blob.core.windows.net/%24web/sccicwppr01/assets/Guaranteed_Income_Plan_Web_CIS_V1_4_09_06_2026_f63b361595.pdf","url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/guaranteed-income-plan-135n050v05/document/1827"},{"kind":"brochure","label":"Flyer","pages":5,"fetched_at":"2026-10-17 19:33:50+00","source_url":"https://sacicwpprd01.blob.core.windows.net/%24web/sccicwppr01/assets/Guaranteed_Income_Plan_V05_Flyer_20998_c458d150bb.pdf","url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/guaranteed-income-plan-135n050v05/document/1894"}],"versions":[],"where_to_buy":[{"purpose":"buy","kind":"insurer","name":"Ageas Federal Life Insurance official website","url":"https://www.ageasfederal.com/","note":"Buy directly from the insurer."},{"purpose":"buy","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."}],"claims_and_complaints":[{"purpose":"claim","kind":"insurer","name":"Claims","url":"https://www.ageasfederal.com/claims","note":null},{"purpose":"claim","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."},{"purpose":"grievance","kind":"insurer","name":"Complaint or query","url":"https://www.ageasfederal.com/services/complaint-query","note":null},{"purpose":"grievance","kind":"official","name":"Bima Bharosa (IRDAI grievance portal)","url":"https://bimabharosa.irdai.gov.in/","note":"Register and track a complaint against any insurer with IRDAI. Complain to the insurer first; escalate here if the reply is late or unsatisfactory."},{"purpose":"grievance","kind":"official","name":"e-Daakhil (consumer commission e-filing)","url":"https://edaakhil.nic.in/","note":"Not reachable from our crawler on 2026-10-19; use e-Jagriti if this link does not open."},{"purpose":"grievance","kind":"official","name":"e-Jagriti (consumer commission filing)","url":"https://e-jagriti.gov.in/","note":"Ministry of Consumer Affairs platform for consumer commission cases, a route for insurance disputes that the Ombudsman does not settle."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Ahmedabad","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Gujarat, Dadra & Nagar Haveli, Daman and Diu. Email: oio.ahmedabad@cioins.co.in. Phone: 079 - 25501201/02. Address: Office of the Insurance Ombudsman, Jeevan Prakash Building, 6th floor, Tilak Marg, Relief Road, AHMEDABAD – 380 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bengaluru","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Karnataka. Email: oio.bengaluru@cioins.co.in. Phone: 080 - 26652048 / 26652049. Address: Office of the Insurance Ombudsman, Jeevan Soudha Building,PID No. 57-27-N-19 Ground Floor, 19/19, 24th Main Road, JP Nagar, Ist Phase, Bengaluru – 560 078."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bhopal","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Madhya Pradesh, Chhattisgarh. Email: oio.bhopal@cioins.co.in. Phone: 0755 - 2769201 / 2769202 / 2769203. Address: Office of the Insurance Ombudsman, 1st floor,\"Jeevan Shikha\", 60-B,Hoshangabad Road, Opp. Gayatri Mandir,Arera Hills Bhopal – 462 011."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bhubaneswar","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Odisha. Email: oio.bhubaneswar@cioins.co.in. Phone: 0674 - 2596461 /2596455/2596429/2596003. Address: Office of the Insurance Ombudsman, 62, Forest park, Bhubaneswar – 751 009."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Chandigarh","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Punjab, Haryana (excluding Gurugram, Faridabad, Sonepat and Bahadurgarh), Himachal Pradesh, Union Territories of Jammu & Kashmir,Ladakh & Chandigarh. Email: oio.chandigarh@cioins.co.in. Phone: 0172-2706468. Address: Office Of The Insurance Ombudsman, Jeevan Deep Building SCO 20-27, Ground Floor Sector- 17 A, Chandigarh – 160 017."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Chennai","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Tamil Nadu, PuducherryTown and Karaikal (which are part of Puducherry). Email: oio.chennai@cioins.co.in. Phone: 044 - 24333668 / 24333678. Address: Office of the Insurance Ombudsman, Fatima Akhtar Court, 4th Floor, 453, Anna Salai, Teynampet, CHENNAI – 600 018."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Delhi","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Delhi & following Districts of Haryana - Gurugram, Faridabad, Sonepat & Bahadurgarh. Email: oio.delhi@cioins.co.in. Phone: 011 - 46013992/23213504/23232481. Address: Office of the Insurance Ombudsman, 2/2 A, Universal Insurance Building, Asaf Ali Road, New Delhi – 110 002."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Guwahati","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Assam, Meghalaya, Manipur, Mizoram, Arunachal Pradesh, Nagaland and Tripura. Email: oio.guwahati@cioins.co.in. Phone: 0361 - 2632204 / 2602205 / 2631307. Address: Office of the Insurance Ombudsman, Jeevan Nivesh, 5th Floor, Near Pan Bazar , S.S. Road, Guwahati – 781001(ASSAM)."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Hyderabad","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Andhra Pradesh, Telangana, Yanam and part of Union Territory of Puducherry. Email: oio.hyderabad@cioins.co.in. Phone: 040 - 23312122 / 23376991 / 23376599 / 23328709 / 23325325. Address: Office of the Insurance Ombudsman, 6-2-46, 1st floor, \"Moin Court\", Lane Opp.Hyundai Showroom , A. C. Guards, Lakdi-Ka-Pool, Hyderabad - 500 004."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Jaipur","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Rajasthan. Email: oio.jaipur@cioins.co.in. Phone: 0141- 2740363. Address: Office of the Insurance Ombudsman, Jeevan Nidhi – II Bldg., Gr. Floor, Bhawani Singh Marg, Jaipur - 302 005."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Kochi","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Kerala, Lakshadweep, Mahe-a part of Union Territory of Puducherry. Email: oio.ernakulam@cioins.co.in. Phone: 0484 - 2358759. Address: Office of the Insurance Ombudsman, 10th Floor, Jeevan Prakash,LIC Building, Opp to Maharaja's College Ground,M.G.Road, Kochi - 682 011."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Kolkata","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: West Bengal, Sikkim, Andaman & Nicobar Islands. Email: oio.kolkata@cioins.co.in. Phone: 033 - 22124339 / 22124341. Address: Office of the Insurance Ombudsman, Hindustan Bldg. Annexe, 7th Floor, 4, C.R. Avenue, KOLKATA - 700 072."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Lucknow","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Districts of Uttar Pradesh : Lalitpur, Jhansi, Mahoba, Hamirpur, Banda, Chitrakoot, Allahabad, Mirzapur, Sonbhabdra, Fatehpur, Pratapgarh, Jaunpur,Varanasi, Gazipur, Jalaun, Kanpur, Lucknow, Unnao, Sitapur, Lakhimpur, Bahraich, Barabanki, Raebareli, Sravasti, Gonda, Faizabad, Amethi, Kaushambi, Balrampur, Basti, Ambedkarnagar, Sultanpur, Maharajgang, Santkabirnagar, Azamgarh, Kushinagar, Gorkhpur, Deoria, Mau, Ghazipur, Chandauli, Ballia, Sidharathnagar. Email: oio.lucknow@cioins.co.in. Phone: 0522 - 4002082 / 3500613. Address: Office of the Insurance Ombudsman, 6th Floor, Jeevan Bhawan, Phase-II, Nawal Kishore Road, Hazratganj, Lucknow - 226 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Mumbai","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: List of wards under Mumbai Metropolitan Region excluding wards in Mumbai – i.e M/E, M/W, N , S and T covered under Office of Insurance Ombudsman Thane and excluding areas of Navi Mumbai. Email: oio.mumbai@cioins.co.in. Phone: 022 - 69038800/27/29/31/32/33. Address: Office of the Insurance Ombudsman, 3rd Floor, Jeevan Seva Annexe, S. V. Road, Santacruz (W), Mumbai - 400 054."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Noida","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: State of Uttarakhand and the following Districts of Uttar Pradesh: Agra, Aligarh, Bagpat, Bareilly, Bijnor, Budaun, Bulandshehar, Etah, Kannauj, Mainpuri, Mathura, Meerut, Moradabad, Muzaffarnagar, Oraiyya, Pilibhit, Etawah, Farrukhabad, Firozbad, Gautam Buddh nagar, Ghaziabad, Hardoi, Shahjahanpur, Hapur, Shamli, Rampur, Kashganj, Sambhal, Amroha, Hathras, Kanshiramnagar, Saharanpur. Email: oio.noida@cioins.co.in. Phone: 0120-4027589. Address: Office of the Insurance Ombudsman, Bhagwan Sahai Palace 4th Floor, Main Road, Naya Bans, Sector 15, Distt: Gautam Buddh Nagar, U.P-201301."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman: offices and jurisdiction","url":"https://www.cioins.co.in/Ombudsman","note":"Addresses, phone numbers, e-mail and the states or districts each Ombudsman office covers."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Patna","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Bihar, Jharkhand. Email: oio.patna@cioins.co.in. Phone: 0612-2547068. Address: Office of the Insurance Ombudsman, 2nd Floor, Lalit Bhawan, Bailey Road, Patna 800 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Pune","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: State of Goa and State of Maharashtra excluding areas of Navi Mumbai, Thane district,Palghar District, Raigad district & Mumbai Metropolitan Region. Email: oio.pune@cioins.co.in. Phone: 020-24471175. Address: Office of the Insurance Ombudsman, Jeevan Darshan Bldg., 3rd Floor, C.T.S. No.s. 195 to 198, N.C. Kelkar Road, Narayan Peth, Pune – 411 030."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman: register a complaint online","url":"https://cioins.co.in/Complaint/Online","note":"Council for Insurance Ombudsmen. Free. For disputes with an insurer after its own grievance process; the office is chosen by where you live (see the offices list)."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Thane","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Area of Navi Mumbai, Thane District, Raigad District, Palghar District and wards of Mumbai , M/East, M/West, N, S and T. Email: oio.thane@cioins.co.in. Phone: 022-20812868/69. Address: Office of the Insurance Ombudsman, Jeevan Chintamani Building, 2nd Floor,Near New RTO Office, Louis Wadi,Vasantrao Naik Mahamarg, Thane (West)- 400604."},{"purpose":"grievance","kind":"official","name":"National Consumer Helpline","url":"https://consumerhelpline.gov.in/public/","note":"Government consumer helpline; can take up a complaint before you go to a consumer commission."},{"purpose":"port","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."}],"notice":"Information, not advice. IndiaInsurances is not an insurer or an insurance intermediary, does not sell insurance and earns no commission. Policy terms change and your own policy schedule can differ: always confirm with the policy document and the insurer before you buy or claim.","cite_as":"Guaranteed Income Plan (UIN 135N050V05), IndiaInsurances, https://indiainsurances.com/policy/ageas-federal-life-insurance/guaranteed-income-plan-135n050v05"}