{"uin":"135N123V01","name":"Retire Smart Plan","url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/retire-smart-plan-135n123v01","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":"pension-annuity","category_name":"Pension and annuity","irdai_type":null,"kind":"product","status":"active","approved_on":null,"withdrawn_on":null,"summary":"Ageas Federal Life Insurance Retire Smart Plan is a non-linked non-participating individual general annuity plan with immediate and deferred annuity options. It offers single life and joint life annuities, return of purchase price options, early return of premiums at milestone ages, and a 30-day free-look period.","analysis":{"state":"machine","analysed_at":"2026-10-19 18:14:03.68297+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":"not-stated","value":null,"display":null,"note":"The documents list annuity options, but do not state named plan variants separate from the annuity options.","quote":null,"sources":[],"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":"The policy is an annuity policy intended to pay annuity for the lifetime of the annuitant, subject to the policy termination events such as lapse at the end of the revival period, surrender or exit value, death benefit payment, free-look cancellation, foreclosure for loan where applicable, or fraud or misrepresentation.","display":"Lifetime annuity, subject to termination events","note":"The documents do not give a fixed expiry term; payout duration depends on the annuity option and policy status.","quote":"“Annuity” is amount of payout guaranteed to be paid under this policy for the lifetime of the annuitant. ... This policy will terminate, and our obligations will cease on the later of\n• On lapse at the end of the revival period\n• Payment of surrender value (if applicable)\n• Payment of death benefit or the date of intimation of repudiation of the claim in accordance with the provisions of the Policy\n• Free look cancellation","sources":[{"clause":null,"heading":"“Age”","page":1,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/retire-smart-plan-135n123v01/document/1799#c-age"},{"clause":"13(b)","heading":null,"page":20,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/retire-smart-plan-135n123v01/document/1799#c-13-b-2"}],"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":"Any claim should be notified to the insurer within 90 days from the date of the insured event.","display":"Within 90 days from the date of insured event","note":null,"quote":"Any claim should be notified to us within 90 days from the date of insured event and submit the claim documents to: Ageas Federal Life Insurance Company Limited, 22nd Floor, A Wing, Marathon Futurex, N. M. Joshi Marg, Lower Parel – East, Mumbai 400 013. Maharashtra.","sources":[{"clause":"5(III)(c)","heading":null,"page":23,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/retire-smart-plan-135n123v01/document/1799#c-5-iii-c"}],"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 Form to be signed and attested by the party to whom benefits are payable","Death Certificate issued by Municipal Corporation / Gram Panchayat","Bank Account details with IFSC code of Beneficiary","Claimant's PAN CARD","Relationship Proof between Insured Member and Claimant","Officially Valid Documents of the claimant","First Information Report","Postmortem report","Panchnama","Any further documentation or information that we may need in support of the claim"],"display":"Death claim form, death certificate, bank details, PAN, relationship proof, claimant OVD; for unnatural death FIR, postmortem report and panchnama","note":"The policy says the company may waive any or all of the documents in exceptional circumstances.","quote":"The following need to be produced in case of a claim:\na) Death Claim Form to be signed and attested by the party to whom benefits are payable\nb) Death Certificate issued by Municipal Corporation / Gram Panchayat\nc) Bank Account details with IFSC code of Beneficiary\nd) Claimant's PAN CARD\ne) Relationship Proof between Insured Member and Claimant\nf) Officially Valid Documents of the claimant: ... a) First Information Report ... b) Postmortem report ... c) Panchnama\nAny further documentation or information that we may need in support of the claim before we can process the claim.","sources":[{"clause":"5","heading":"Claims requirements","page":22,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/retire-smart-plan-135n123v01/document/1799#c-5-3"},{"clause":"5(III)(a)","heading":null,"page":23,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/retire-smart-plan-135n123v01/document/1799#c-5-iii-a"},{"clause":"5(III)(b)","heading":null,"page":23,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/retire-smart-plan-135n123v01/document/1799#c-5-iii-b"},{"clause":"5(III)(c)","heading":null,"page":23,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/retire-smart-plan-135n123v01/document/1799#c-5-iii-c"}],"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":"quote-verified","value":"For death claims without investigation, the company will process the claim within 15 days from receipt of the last raised relevant papers and required clarification. If investigation is required, it will be completed within 30 days from claim intimation and the claim settled within 15 days thereafter.","display":"15 days from last relevant papers; if investigated, 30 days for investigation plus 15 days thereafter","note":"This time promise is stated in the Customer Information Sheet.","quote":"Turn Around Time (TAT) for claims setltement: Claim setltement without investgiation: The Company will process the death claim within 15 days from the date of receipt of last raised relevant papers and required clarificatoi n. Claim setltement with investigation: In the circumstances of a claim warranting an investigatoi n in the opinion of Company, such investigatoi n shall be completed within 30 days from the date of receipt of claim intmi atoi n and the claim shall be settled within 15 days thereafter.","sources":[{"clause":null,"heading":"CUSTOMER INFORMATION SHEET / KNOW YOUR POLICY","page":2,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/retire-smart-plan-135n123v01/document/1792#c-customer-information-sheet-know-your-policy-2"}],"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 Claim Provision: If the death of the Annuitant or the death of the Last Survivor is due to suicide within 12 months from the Date of Commencement of Risk or the date of latest revival of the Policy, whichever is later, the higher of 80% of the Total Premiums Paid or the Surrender Value as on the date of death will be paid as the Death Benefit, provided the Policy is in-force."],"display":"Suicide within 12 months pays higher of 80% of Total Premiums Paid or Surrender Value, if in-force","note":"The documents do not list other general exclusions for the base policy.","quote":"If the death of the Annuitant or the death of the Last Survivor is due to suicide within 12 months from the Date of Commencement of Risk or the date of latest revival of the Policy, whichever is later, the higher of 80% of the Total Premiums Paid or the Surrender Value as on the date of death will be paid as the Death Benefit, provided the Policy is in-force.","sources":[{"clause":"1","heading":"Suicide Claim Provision","page":22,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/retire-smart-plan-135n123v01/document/1799#c-1-3"}],"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 approach any Ageas Federal branch or the head office. If not satisfied with the decision of that office or if no response is received within 10 days, contact the Chief Operations Officer at Ageas Federal Life Insurance Company Limited; if still not satisfied or no response within 15 days, approach the IRDAI grievance cell before the Ombudsman route.","display":"Branch or head office first; then Chief Operations Officer if unresolved or no response in 10 days; then IRDAI after 15 days","note":null,"quote":"In case you have any query, request or complaint/grievance, you may approach any of our branches. ... Alternatively, you may contact our head office at the following address: ... 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:\nChief Operations Officer Ageas Federal Life Insurance Company Limited ... 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":25,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/retire-smart-plan-135n123v01/document/1799#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":"not-applicable","value":null,"display":null,"note":"This is a general annuity plan; the base benefits are annuity payouts, death benefit and surrender or exit value, not a life cover sum assured.","quote":null,"sources":[],"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 depends on the annuity option and annuity type. Pure life annuity options can have no further benefit after annuity starts; return-of-purchase-price options pay the selected return-of-purchase-price percentage times total premiums paid; deferred options during deferment generally pay the higher of total premiums paid accumulated at 5% p.a. monthly or 105% of total premiums paid; joint life options continue annuity to the surviving annuitant and pay applicable death benefit on the last survivor.","display":"Depends on annuity option: none for pure life annuity after payout starts, ROPP where chosen, deferred higher of 5% accumulated premiums or 105% premiums, joint life continues to survivor","note":"The exact formula varies by annuity option, immediate or deferred type, return-of-purchase-price percentage, early return of premiums and joint-life status.","quote":"On death of the Annuitant, the annuity payouts shall cease immediately, and no further benefits shall be payable. ... Death Benefit = % of Return of Purchase Price as mentioned in the policy schedule x Total Premiums Paid till the date of death ... The Death benefit shall be higher of:\n• Total Premiums Paid accumulated at 5% p.a. compounded on monthly basis till the date of death\n• 105% of Total Premiums Paid till the date of death ... On death of the either of the Annuitant, no death benefit shall be payable, and the annuity payouts shall continue to be paid to the surviving Annuitant.","sources":[{"clause":null,"heading":"Survivor” >","page":5,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/retire-smart-plan-135n123v01/document/1799#c-survivor"}],"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":"Maturity benefit is not applicable.","display":"Not applicable","note":null,"quote":"3. Maturity Benefit: Not applicable","sources":[{"clause":null,"heading":"Survivor” >","page":5,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/retire-smart-plan-135n123v01/document/1799#c-survivor"}],"law":[]},{"key":"premium_paying_term","label":"Premium paying term","section":"Premium","meaning":"For how many years you pay premiums.","status":"quote-verified","value":"Premium paying term depends on annuity type. Immediate annuity has premium payment term 1, while deferred annuity offers 1, 2, 3, 5, 7, 8, 10 or 12 years with deferment periods from 5 to 15 years depending on the chosen term.","display":"Immediate: 1 year; Deferred: 1, 2, 3, 5, 7, 8, 10 or 12 years","note":null,"quote":"Premium Payment Term | Annuity Type | Premium Payment Term | Deferment period\nImmediate | 1 | 0\nDeferred | 1 | 5 to 15\n2 | 5 to 15\n3 | 5 to 15\n5 | 5 to 15\n7 | 7 to 15\n8 | 8 to 15\n10 | 10 to 15\n12 | 12 to 15","sources":[{"clause":null,"heading":"Eligibility Criteria","page":4,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/retire-smart-plan-135n123v01/document/1812#c-eligibility-criteria"}],"law":[]},{"key":"maturity_age","label":"Maximum maturity age","section":"Eligibility","meaning":"The oldest age at which cover ends.","status":"quote-verified","value":"There is no maturity age stated because maturity benefit is not applicable; the annuity is described as payable for the lifetime of the annuitant.","display":"No maturity age; annuity is for lifetime and maturity benefit is not applicable","note":null,"quote":"“Annuity” is amount of payout guaranteed to be paid under this policy for the lifetime of the annuitant. ... 3. Maturity Benefit: Not applicable","sources":[{"clause":null,"heading":"“Age”","page":1,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/retire-smart-plan-135n123v01/document/1799#c-age"},{"clause":null,"heading":"Survivor” >","page":5,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/retire-smart-plan-135n123v01/document/1799#c-survivor"}],"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 of the Annuitant or Last Survivor is due to suicide within 12 months from commencement of risk or latest revival, whichever is later, the policy pays the higher of 80% of total premiums paid or the surrender value as on the date of death, provided the policy is in-force.","display":"Within 12 months: higher of 80% of Total Premiums Paid or Surrender Value, if in-force","note":null,"quote":"If the death of the Annuitant or the death of the Last Survivor is due to suicide within 12 months from the Date of Commencement of Risk or the date of latest revival of the Policy, whichever is later, the higher of 80% of the Total Premiums Paid or the Surrender Value as on the date of death will be paid as the Death Benefit, provided the Policy is in-force.","sources":[{"clause":"1","heading":"Suicide Claim Provision","page":22,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/retire-smart-plan-135n123v01/document/1799#c-1-3"}],"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 immediately after receipt of first full year premium or single premium for premium payment terms less than 5 years or single premium; otherwise after completion of the first policy year with one full year premium received. For immediate annuity options 1, 3, 5 and 7 no surrender value is payable; for deferred annuity those options have surrender only during deferment. For options with return of purchase price or early return of premiums, immediate annuities have no surrender value but may have exit value, and deferred annuities have surrender only during deferment and exit value after deferment where applicable.","display":"After first full year or single premium; surrender/exit availability depends on annuity option and deferment","note":"Exit value and surrender value vary by annuity option; SSV and exit value are not guaranteed.","quote":"Surrender Value shall become payable immediately after receipt of first full year premium or Single Premium, as applicable. ... Surrender Value shall become payable after completion of first policy year, provided one full year premium has been received. ... No Surrender Value shall be payable. ... Surrender value shall be payable only during the deferment period. ... No Surrender Value shall be payable. However, an Exit Value shall be payable. ... Surrender Value = Maximum [Guaranteed Surrender Value (GSV), Special Surrender Value (SSV)]","sources":[{"clause":null,"heading":"4. Surrender","page":16,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/retire-smart-plan-135n123v01/document/1799#c-4-surrender"},{"clause":null,"heading":"Return of Premiums >","page":16,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/retire-smart-plan-135n123v01/document/1799#c-return-of-premiums"}],"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":"For single premium, paid-up is not applicable. For other than single premium, 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 annuity payout equals annuity payout multiplied by t/n.","display":"Single premium: not applicable; otherwise reduced paid-up after first policy year if one full year premium received","note":"Reduced death and survival benefits vary by annuity option and immediate or deferred type.","quote":"< <Insert for Single premium> Not Applicable >\n< <Insert for Other than Single Premium> 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 be made paid-up with reduced benefits. ... • Survival Benefit: For all annuity options Reduced Annuity Payout = Annuity Payout x t/n Where, t is total number of months for which premiums are paid n is total number of months for which premiums were payable originally","sources":[{"clause":null,"heading":"2. Paid-up","page":13,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/retire-smart-plan-135n123v01/document/1799#c-2-paid-up"}],"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 for full benefits if application is made within five consecutive complete years from the due date of the first unpaid premium, with satisfactory evidence of health and payment of arrears of premium with interest.","display":"Within five consecutive complete years from first unpaid premium","note":null,"quote":"A policy in lapse or paid-up status may be revived for full benefits subject to the following conditions:\n• An application for revival must be made within five consecutive complete years from the due date of the first unpaid Premium.\n• Life Assured(s) must furnish satisfactory evidence of health and satisfy other requirements subject to company’s Board Approved Underwriting Policy at that time. ... • The arrears of Premium together with interest are received along with the revival application.","sources":[{"clause":null,"heading":"3. Revival","page":16,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/retire-smart-plan-135n123v01/document/1799#c-3-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":"Loans are available under policies where surrender or exit value is payable, any time after six months from commencement. The maximum loan is such that the effective annual interest amount at inception does not exceed 50% of the annual annuity amount, and loan interest is recovered from annuity amounts or claim proceeds.","display":"Available where surrender/exit value is payable, after six months; interest amount cap 50% of annual annuity","note":"For joint life option, the loan can be availed by the primary annuitant and after the primary annuitant's death by the secondary annuitant.","quote":"• Loan will be available under the policies wherein Surrender/ Exit Value is payable.\n• Loan can be availed any time after six months from the date of commencement of the policy.\n• Maximum amount of loan that can be granted under the policy shall be such that the effective annual interest amount payable on loan calculated at inception does not exceed 50% of the annual annuity amount payable under the policy. ... • The loan outstanding shall be recovered from the claim proceeds under the policy.","sources":[{"clause":null,"heading":"8. Loan","page":18,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/retire-smart-plan-135n123v01/document/1799#c-8-loan"}],"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","Ageas Federal Life Insurance Critical Shield Rider"],"display":"Ageas Federal Life Insurance Accident Care Rider; Ageas Federal Life Insurance Critical Shield Rider","note":"Rider benefits are optional and governed by the respective rider policy documents.","quote":"Rider Name | UIN | Sum Assured (Rs)\nAgeas Federal Life Insurance Accident Care Rider | 135B034V01\nAgeas Federal Life Insurance Critical Shield Rider | 135B035V01","sources":[{"clause":null,"heading":"CUSTOMER INFORMATION SHEET / KNOW YOUR POLICY","page":2,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/retire-smart-plan-135n123v01/document/1792#c-customer-information-sheet-know-your-policy-2"}],"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 3 years from the later of policy issuance, commencement of risk, revival or rider date. Within 3 years it may be questioned for fraud or material misstatement, with written communication of grounds and materials; for non-fraud misstatement, collected premiums are payable within 90 days of repudiation.","display":"No questioning after 3 years; within 3 years for fraud or material misstatement with written grounds","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 whichever is later. ... On the ground of fraud, a policy of Life Insurance may be called in question within 3 years from ... 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. ... In case repudiation is on ground of mis-statement and not on fraud, the premium collected on policy till the date of repudiation shall be paid to the insured or legal representative or nominee or assignees of insured, within a period of 90 days from the date of repudiation.","sources":[{"clause":"1","heading":null,"page":35,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/retire-smart-plan-135n123v01/document/1799#c-1-7"},{"clause":"2","heading":null,"page":35,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/retire-smart-plan-135n123v01/document/1799#c-2-11"},{"clause":"7","heading":null,"page":36,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/retire-smart-plan-135n123v01/document/1799#c-7-5"}],"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":"The document says tax benefits are as per prevailing tax laws and are subject to amendments from time to time, and that the insurer does not assume responsibility for tax implication.","display":"Tax benefits are as per prevailing tax laws, subject to amendments","note":null,"quote":"Tax benefits are as per the prevailing tax laws, and are subject to any amendments made thereto from time to time ... Ageas Federal Life Insurance Company Ltd. does not assume responsibility on tax implication.","sources":[{"clause":"5","heading":"Nothing in this section shall prevent the insurer from","page":27,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/retire-smart-plan-135n123v01/document/1812#c-5"}],"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":"Refund is subject to deductions stated in the policy; pension, NPS and QROPS source rules may affect where the refund is remitted.","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":null,"heading":"5. Free Look","page":17,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/retire-smart-plan-135n123v01/document/1799#c-5-free-look"}],"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":"For single premium, grace period is not applicable; monthly mode has 15 days.","quote":"< <Insert for Single premium> Not Applicable >\n< <Insert for Other than Single Premium> You get a grace period of 30 days for Yearly and Half-Yearly mode and 15 days for Monthly mode from the date of the first unpaid premium. The benefits of the policy and policy status shall remain in force during the grace period.","sources":[{"clause":null,"heading":"Survivor” >","page":5,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/retire-smart-plan-135n123v01/document/1799#c-survivor"}],"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":"Entry age varies by annuity option. For options 1 to 6, the table states minimum 30 years and maximum 85 minus deferment period; option 7 has deferment 0 and maximum 85; options 8 and 9 depend on milestone age and premium paying term.","display":"Options 1-6: minimum 30 years, maximum 85 minus deferment period; option 7 maximum 85; options 8-9 depend on milestone age 75 or 80 and PPT","note":"The prospectus table formatting is unclear for options 7, 8 and 9; the answer follows the printed table.","quote":"Annuity Option | Deferment Period | Minimum\n1,2,3,4,5,6 | 0, 5 to 15 | 30 Years | 85 minus Deferment Period\n7 | 0 | 85\n8, 9 | 0 | For Milestone Age 75: 65 For Milestone Age 80: 70\nFor Milestone Age 75: 65 - PPT For Milestone Age 80: 70 – PPT","sources":[{"clause":null,"heading":"Eligibility Criteria","page":4,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/retire-smart-plan-135n123v01/document/1812#c-eligibility-criteria"}],"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":["Single","Yearly","Half-Yearly","Monthly"],"display":"Single, Yearly, Half-Yearly, Monthly","note":null,"quote":"Premium Payment Mode | Single, Yearly, Half-Yearly, Monthly","sources":[{"clause":null,"heading":"Eligibility Criteria","page":4,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/retire-smart-plan-135n123v01/document/1812#c-eligibility-criteria"}],"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":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]},{"key":"annuity_options","label":"Annuity options","section":"Cover","meaning":"Life annuity, joint life, return of purchase price, increasing annuity...","status":"quote-verified","value":["Life Annuity","Life Annuity with Return of Purchase Price on Death","Increasing Life Annuity","Increasing Life Annuity with Return of Purchase Price on Death","Joint Life Annuity","Joint Life Annuity with Return of Purchase Price on Death of Last Survivor","Annuity Certain for a specific period and for life thereafter","Life Annuity with Early Return of Premiums","Joint Life Annuity with Early Return of Premiums"],"display":"9 annuity options including life, increasing, joint life, return of purchase price, certain period, and early return of premiums variants","note":"Annuity options chosen at inception cannot be changed later.","quote":"The following annuity options are available under the product: 1. Life Annuity 2. Life Annuity with Return of Purchase Price on Death 3. Increasing Life Annuity 4. Increasing Life Annuity with Return of Purchase Price on Death 5. Joint Life Annuity 6. Joint Life Annuity with Return of Purchase Price on Death of Last Survivor 7. Annuity Certain for a specific period and for life thereafter 8. Life Annuity with Early Return of Premiums 9. Joint Life Annuity with Early Return of Premiums","sources":[{"clause":null,"heading":"CUSTOMER INFORMATION SHEET / KNOW YOUR POLICY","page":2,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/retire-smart-plan-135n123v01/document/1792#c-customer-information-sheet-know-your-policy-2"}],"law":[]},{"key":"purchase_price_min","label":"Minimum purchase price","section":"Eligibility","meaning":"Smallest lump sum or annuity accepted.","status":"quote-verified","value":"The prospectus prints minimum premium/purchase price as Yearly Rs. 50,000, Half Yearly Rs. 25,500 and Monthly Rs. 4,500, with maximum no limit subject to board underwriting policy. The same table also prints a second minimum row of Yearly Rs. 12,000, Half Yearly Rs. 6,000 and Monthly Rs. 1,000.","display":"Minimum premium/purchase price: Yearly Rs. 50,000, Half Yearly Rs. 25,500, Monthly Rs. 4,500","note":"The table prints two minimum rows under the premium/purchase price heading; it does not clearly label the second minimum row in the extracted text.","quote":"Premium#/ Purchase Price# | Minimum | Yearly: Rs. 50,000/- Half Yearly: Rs. 25,500/- Monthly: Rs. 4,500/-\nMaximum | No limit, subject to board underwriting policy\nMinimum | Yearly: Rs. 12,000/- Half Yearly: Rs. 6,000/- Monthly: Rs. 1,000/-\nMaximum | No limit, subject to board underwriting policy","sources":[{"clause":null,"heading":"Eligibility Criteria","page":4,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/retire-smart-plan-135n123v01/document/1812#c-eligibility-criteria"}],"law":[]},{"key":"deferment","label":"Deferment period","section":"Cover","meaning":"For deferred plans, how long before income starts.","status":"quote-verified","value":"Immediate annuity has deferment period 0. Deferred annuity has deferment period 5 to 15 years for premium paying terms 1, 2, 3 and 5 years; 7 to 15 for 7-year PPT; 8 to 15 for 8-year PPT; 10 to 15 for 10-year PPT; and 12 to 15 for 12-year PPT.","display":"Immediate: 0; Deferred: 5 to 15 years, with higher minimums for PPT 7, 8, 10 and 12","note":null,"quote":"Premium Payment Term | Annuity Type | Premium Payment Term | Deferment period\nImmediate | 1 | 0\nDeferred | 1 | 5 to 15\n2 | 5 to 15\n3 | 5 to 15\n5 | 5 to 15\n7 | 7 to 15\n8 | 8 to 15\n10 | 10 to 15\n12 | 12 to 15","sources":[{"clause":null,"heading":"Eligibility Criteria","page":4,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/retire-smart-plan-135n123v01/document/1812#c-eligibility-criteria"}],"law":[]},{"key":"annuity_frequency","label":"Payout frequency","section":"Cover","meaning":"Monthly, quarterly, half-yearly, yearly.","status":"quote-verified","value":["Yearly","Half-Yearly","Monthly"],"display":"Yearly, Half-Yearly, Monthly","note":"Immediate annuity payouts are in arrears; deferred annuity payouts may be in advance or arrears as specified.","quote":"Annuity Payout Frequency | Factor Payout in Arrears\nYearly | 1\nHalf-Yearly | 0.4858\nMonthly | 0.0791\nAnnuity Payout Frequency | Factor Payout in Advance\nYearly | 0.8929\nHalf-Yearly | 0.4591\nMonthly | 0.0783","sources":[{"clause":null,"heading":"9. Alterations","page":19,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/retire-smart-plan-135n123v01/document/1799#c-9-alterations"}],"law":[]},{"key":"annuity_rate_example","label":"Example annuity rate","section":"Cover","meaning":"An example from the document; rates change with age and over time.","status":"quote-verified","value":"Example in the prospectus: for a 60-year-old male paying a single premium of 1,00,00,000 under immediate life annuity with yearly payout in arrears, the yearly annuity payout is ₹ 8,07,500 and the first payout date is 31st December, 2026.","display":"Age 60 male, single premium 1,00,00,000: yearly annuity payout ₹ 8,07,500","note":"This is only an illustrative example; rates vary with age, option, premium and timing.","quote":"Age: 60 years; Gender: Male; Premium: 1,00,00,000; PPT:\nSingle pay; Annuity Payout Frequency: Yearly; Annuity Payout: Arrears: Policy Commencement Date: 1st January, 2026.\nSurvival Benefit: Yearly Annuity Payout: ₹ 8,07,500 1st Annuity Payout date: 31st December, 2026","sources":[{"clause":null,"heading":"Illustrative Example for Immediate Annuity","page":6,"url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/retire-smart-plan-135n123v01/document/1812#c-illustrative-example-for-immediate-annuity"}],"law":[]}],"documents":[{"kind":"wording","label":"Sample Policy Document","pages":36,"fetched_at":"2026-10-17 19:32:10+00","source_url":"https://sacicwpprd01.blob.core.windows.net/%24web/sccicwppr01/assets/WEB_PD_Retire_Smart_Plan_542b674fe5.pdf","url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/retire-smart-plan-135n123v01/document/1799"},{"kind":"prospectus","label":"Prospectus","pages":29,"fetched_at":"2026-10-17 19:32:24+00","source_url":"https://sacicwpprd01.blob.core.windows.net/%24web/sccicwppr01/assets/Retire_Smart_Brochure_8ec0bd24d4.pdf","url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/retire-smart-plan-135n123v01/document/1812"},{"kind":"cis","label":"Customer Information Sheet","pages":5,"fetched_at":"2026-10-17 19:32:02+00","source_url":"https://sacicwpprd01.blob.core.windows.net/%24web/sccicwppr01/assets/CIS_Retire_Smart_Plan_3eb676ad86.pdf","url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/retire-smart-plan-135n123v01/document/1792"},{"kind":"brochure","label":"Brochure","pages":29,"fetched_at":"2026-10-17 19:33:03+00","source_url":"https://sacicwpprd01.blob.core.windows.net/%24web/sccicwppr01/assets/Retire_Smart_Brochure_d672aeae9f.pdf","url":"https://indiainsurances.com/policy/ageas-federal-life-insurance/retire-smart-plan-135n123v01/document/1846"}],"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":"Retire Smart Plan (UIN 135N123V01), IndiaInsurances, https://indiainsurances.com/policy/ageas-federal-life-insurance/retire-smart-plan-135n123v01"}