A non-linked, non-participating life insurance planUIN 135N066V02

Breathe easy!We have a planfor your dreams! A plan that offers life coveras well as guaranteed payoutsto fulfil your dreams.

I N T R O D U C T I O N

You have worked hard to fulfil your family's needs and provide your loved one’s with a comfortable life, today, tomorrow, and always. To be able to meet these responsibilities, you need a comprehensive financial life insurance solution which will financially secure your family’s future. The guaranteed cash flow will help them meet their future expenses like your child’s education, marriage, medical expenses or for that matter a family vacation. While you strive hard to achieve these dreams; it’s your responsibility to ensure the right financial support for your loved ones at all times.

Presenting Ageas Federal Life Insurance Dream Builder Plan – A life insurance plan that ensures these dreams are fulfilled irrespective of any eventualities.

Key benefits of the plan:

Pay only for the first 8 years of the policy

Choice of policy term to meet your financial milestones

Enjoy Guaranteed Annual Payouts in the last 3 years of the policy term

No future premiums payable on death or disability of life assured

Tax benefits# under Section 80 C and Section 10 (10D) of Income Tax Act, 1961

# Please note, that tax benefits are subject to change as per tax laws. Consult your tax advisor for determining the Tax benefits applicable to you.

A life insurance plan that ensures yourdreams are fulfilled irrespective of any eventualities

P R E S E N T I N G

The above listed key benefits of the plan are detailed below to enable better understanding:

5. Tax benefits under Sec 80C and Sec 10(10D)# of Income Tax Act, 1961Tax benefits may be available on

premiums paid and benefit receivable

as per prevailing Income Tax Laws.

Deduction under section 80C:

The premiums that you pay may be

eligible for deduction under section

80C of the Income Tax Act, 1961.

For the Financial year 2018 – 19

deductions can be claimed under

Section 80CCE up to Rs. 1,50,000 for

the total payments, contributions

made under Sections 80C, 80CCC,

and 80CCD.

Tax benefits under section

10(10D): The benefits received under

the plan are exempted from income

tax under section 10(10D) of the

Income Tax Act, 1961.

1. Pay only for the first 8 years of the policy:

You pay premiums for the first 8 years of the policy and stay insured throughout the policy term.

2. Choice of policy term to meet your financial milestones:

Multiple policy term to suit your important milestones, so as to ensure that money is available to fund your financial needs like child’s higher education, marriage, buying a house, etc.

3. Enjoy Guaranteed Annual Payouts in the last 3 years of the policy term: The benefits of this plan are guaranteed and will be paid in the last 3 years of the policy term irrespective of the market conditions.

4. No future premiums payable on death or disability of Life assured:Under this plan no future premiums are payable on Death or Disability of life assured that will ensure your family’s future will be financially secure in case of an unfortunate event.

You can customize your policy to suit your requirement in the following manner:

How does the plan work?

Choose the amount that youwant to receive as MaturitySum Assured (MSA)

You will start receiving GuaranteedAnnual Payouts which is a percentage ofMSA in the last 3 years of your policy.

Choose the policy term

You pay annual premium for the first 8 years of your policy

Let’s understand with an example

30 years old Samir is a salaried professional and lives with his wife and 1 year old son, Aarav. He has bought Dream Builder Plan on his own life. He chooses a policy term of 20 years and Maturity Sum Assured of ` 10,00,000. The premium which he will have to pay is ` 70,950 p.a. for 8 years.

Samir will receive the Maturity Sum Assured as 3 Guaranteed Annual Payouts as shown in the table below:

Guaranteed AnnualPayouts

End of Year 18

2,00,000 2,00,000 6,00,000

End of Year 19 End of Year 20

Premium payment term of 8 years

1 2 3 4 5 6 7 8

Guaranteed Annual Payouts

18 19 20

20% 20%60%

In case of unfortunate death of Samir during the “4th” policy year, Death Sum Assured of ` 10,00,000 will be paid immediately. No future premiums will be payable under the policy and the plan will continue with all due benefits. The nominee/assignee will receive Guaranteed Annual Payouts in the last 3 years of the policy.

Note: Premium shown in the illustration is exclusive of Goods and Service Tax and cess as applicable, if any. Please note that the above illustration is of healthy male individual.

Premiums paidfor 4 years

1 2 3 4 5 6 7 8

Guaranteed Annual Payouts

18 19 20

2 Lac 2 Lac6 Lac

In case of death, the death benefitpayable will be: Death Sum Assured paid immediately No future premiums payable Guaranteed Annual Payouts paid in the last 3 policy years

On payment of the last GAPs, the policy shall terminate and all rights, benefits, and interests under the policy shall stand extinguished.

If the policy is in force, the policy will pay Guaranteed Annual Payouts which are a defined percentage of the Maturity Sum Assured and paid out in the last 3 years of the policy. The GAPs are paid as defined below:

Guaranteed Annual Payouts (GAPs)

Guaranteed annual payout

1st 2 years before maturity date 20%

20%

60%

1 year before maturity date

On maturity

2nd

3rd

Due dates % of Maturity sum assured

No future premiums payable

Death Sum Assured paid immediately

No future premiums will be payable

Guaranteed annual payouts to be paid on their due dates

^No future premiums are payable in case of death during premium payment term and if future premiums are already not ceased on occurrence of Total and Permanent Disability (TPD) before Death.

Death Sum Assured is the highest of:

Minimum Guaranteed Sum Assured on Maturity (Maturity Sum Assured)1 ,

10 times of Annualized Premium 2,

105% of the Total Premiums paid 3

as on the date of death,

Any absolute amount assured to be paid on death which is Basic Sum Assured4

Where, 1 Maturity Sum Assured is the amount chosen by

Policyholder at inception.

No future premium payable on Disability

Death Benefit

On death of the life assured, provided the policy is in force and all due premiums have been paid in full, the Death Benefit payable to the beneficiary will be as follows:

2Annualized Premium shall be the premium amount payable in a year chosen by the policyholder, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any.

3Total Premiums Paid means total of all the premiums received, excluding any extra premium, any rider premium and taxes.

4Basic Sum assured is defined as the 10 times the Premiums payable per annum including underwriting loadings and modal loadings , if any, but excluding goods and services tax and cess as applicable, if any.

If the policy is in force, then, in case of total and permanent disability due to accident or sickness of the life assured, no future premiums will be payable and the policy will continue till end of policy term with all due benefits. The disability needs to occur within 180 days of the occurrence of accident or sickness.

Definition of Total and permanent disabilityIt means the disability of the life assured which meets the definitions in any of Parts 1, 2 or 3:

Part 1 – Loss of independent living:perform independently three or more of the following six activities of daily living, namely:

Bathing (ability to wash in the bath or shower)

Dressing (ability to put on, take off, secure and unfasten garments)

Personal hygiene (ability to use the lavatory and to maintain a reasonable level of hygiene)

Mobility (ability to move indoors on a level surface)

Continence (ability to manage bowel and bladder functions)

Eating and drinking (ability to feed oneself, but not to prepare the food).

Loss of independent living must be medically documented for an uninterrupted period of at least six months.

Proof of the same must be submitted to the Company while the person assured is alive and permanently disabled.

Part 2 – Loss of use of limbs or sight:The life assured suffers from total and irrecoverable loss of: The use of two limbs; or The sight of both eyes; or The use of one limb and the sight of one eye,

certified by a Specialist independent medical practitioner and documented for an uninterrupted period of at least six months. The diagnosis must be clinically confirmed by a Specialist Independent Medical Practitioner.

Limb means the whole hand below the wrist or the whole foot below the ankle.

Loss of sight means total, permanent, and irreversible loss of all vision in both eyes as a result of illness or accident (as applicable). “Accident” for this purpose is a sudden, unforeseen and involuntary event caused by external, visible, and violent means. The diagnosis must be clinically confirmed by a Specialist Independent Medical Practitioner. The blindness must not be correctable by aides or surgical procedures.

In case of death of the life assured during the policy term while the future premiums have already been ceased on account of Disability, the Death Sum Assured will be paid to the beneficiary and policy will continue till end of policy term with all due benefits.

The life assured must need the help or supervision of another person and be unable to perform the task on their own, even with the use of special equipment routinely available to help and having taken any appropriate prescribed medication by Specialist Independent Medical Practitioner.

Surrender Value

Part 3 – Unable to work:

The life assured suffers an illness or injury and:

The illness or injury causes the life assured to be unable to do the ‘material and substantial’ duties of any occupation or employment or business for remuneration or profit for an uninterrupted period of at least six months. The ‘material and substantial’ duties are those that are normally required for, and/or form a significant and integral part of, the performance of the occupation that cannot reasonably be omitted or modified.

‘Unable to work’ must be certified by relevant Specialist Independent Medical Practitioner and medically documented for an uninterrupted period of at least six months. Proof of the same must be submitted to the Company while the person assured is alive and permanently disabled.

Injury means accidental physical bodily harm excluding illness or disease solely and directly caused by external, violent, and visible and evident means which is verified and certified by a Specialist Independent Medical Practitioner.

Specialist Independent Medical Practitioner:

A Specialist Independent Medical practitioner is a person who holds a valid registration from the Medical Council of any State or Medical Council of India or Council for Indian Medicine or for Homeopathy set up by the Government of India or a State Government and is thereby entitled to practice medicine within its jurisdiction; and is acting within the scope and jurisdiction of licence.

You will have the option to surrender your policy anytime, after the payment of 2 full years’ premiums. Surrender Value shall be higher of Guaranteed Surrender Value (GSV) and Special Surrender Value (SSV).

GuaranteedSurrenderValue(GSV)

GSV is Premiums paid till date of surrender (including underwriting loadings, if any)^^ x GSV factor (less) Sum of GAPs already paid. The GSV will always be non-negative.

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22

Policy Yearof Surrender\Policy Term

10 11 12 13 14 15 16 17 18 19 20 21 22

01

02

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08

GSV Factors

0%

30%

35%

50%

51%

57%

66%

76%

90%

95%

0%

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30%

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51%

52%

60%

69%

77%

90%

95%

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30%

35%

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51%

52%

55%

63%

71%

79%

90%

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30%

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50%

51%

52%

53%

58%

65%

73%

80%

90%

95%

0%

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30%

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50%

51%

52%

53%

54%

61%

67%

74%

81%

90%

95%

0%

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30%

35%

50%

51%

52%

53%

54%

57%

63%

69%

76%

82%

90%

95%

0%

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30%

35%

50%

51%

52%

53%

54%

55%

59%

65%

71%

77%

83%

90%

95%

0%

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0%

30%

35%

50%

51%

52%

53%

54%

55%

56%

61%

67%

72%

78%

83%

90%

95%

0%

0%

0%

0%

0%

0%

30%

35%

50%

51%

52%

53%

54%

55%

56%

58%

63%

68%

73%

79%

84%

90%

95%

0%

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30%

35%

50%

51%

52%

53%

54%

55%

56%

57%

60%

65%

70%

75%

80%

85%

90%

95%

0%

0%

0%

0%

30%

35%

50%

51%

52%

53%

54%

55%

56%

57%

58%

61%

66%

71%

76%

80%

85%

90%

95%

0%

0%

0%

30%

35%

50%

51%

52%

53%

54%

55%

56%

57%

58%

59%

63%

67%

72%

76%

81%

85%

90%

95%

0%

0%

30%

35%

50%

51%

52%

53%

54%

55%

56%

57%

58%

59%

60%

64%

69%

73%

77%

82%

86%

90%

95%

Grace period

Special Surrender Value (SSV)The SSV is not guaranteed and may be changed at any time, subject to the prior approval of the IRDAI.

Paid-up value

If you have paid at least 2 full years’ premium, then, your policy will be converted to a paid-up policy with reduced benefits at the end of the grace period. The reduced benefits are calculated using the followingformulae:

a. Guaranteed Annual Payouts: Reduced GAP = GAP * (Number of

premiums paid/Number of premiums payable)

On GAP due dates, the Reduced GAPs will be paid.

b. Death Benefit Reduced Death Sum Assured = (Death

sum assured) X (Number of premiums paid / total number of premiums payable)

On death during the policy term, reduced Death Sum Assured will be paid. The policy continues with the reduced benefits.

No future premiums payable on Disability is not applicable for paid up policy since there are no future premiums payable.

On payment of Reduced Death Sum Assured, policy shall not terminate and Reduced GAP Amount shall be payable as and when due.

Surrender Value:

Grace period is effective from the date of the first unpaid premium. If you have failed to make payment of premium by the due date specified, you will be allowed a grace period of 30 days to pay the due premium during which the policy will remain in force with full benefits. If death of the life assured occurs during the grace period, the premium due without any interest shall be deducted from the death sum assured payable.

If premium is not paid beyond the grace period, the policy shall lapse and have no further value, except if it has acquired any paid-up value.

The surrender value for a paid up policy will be higher of Guaranteed Surrender Value (GSV) for a paid-up policy and Special Surrender Value (SSV) for a paid-up policy

Guaranteed Surrender Value (GSV) for a paid-up policy = Premiums paid till date of surrender (including underwriting loadings, if any) x GSV factor less Sum of GAPs.

The GSV for a paid up policy will always be non-negative

The SSV for a paid-up policy is not guaranteed and may get changed at any time, subject to the prior approval of the IRDAI.

Eligibility Criteria:

Parameters

Age at entry of life insured

Age at maturity of the life insured

Maturity Sum Assured

Premium Payment Term

Policy Term

Premium Payment Frequency

21 years

31 years

Rs. 2,15,000

8 years

10 years

Annual

50 years

72 years

No Limit

22 years

Minimum Maximum

All ages are as on last birthday

Other features

Revival:

If your policy has lapsed or has become paid-up due to non-payment of premium, you may revive the policy, subject to the following conditions:

A. An application for revival is made within 5 years from the due date of the first unpaid premium.

B.

C. The arrears of premium together with interest, at such rate as decided by the Company from time to time are received

The life assured must furnish the Company with satisfactory evidence of health and satisfy other requirements according to Board approved underwriting policies at that time. Medical tests, if required, have to be borne by the Policyholder at his own cost.

Non-payment of premiums:

During the first two policy years, if any due premium is not received before the end of the grace period from the premium due date, the policy would lapse. No benefits are payable under a lapsed policy.

After two full years premiums have been received, if any due premium is not received before the end of the grace period from the premium due date, the policy would acquire a paid-up value with reduced benefits.

Free Look Period:

You are entitled to a free look period of 15 days from the date of receipt of the policy document to review the terms and conditions of the policy. In case you do not agree with any of the terms and conditions, you have the option to return the policy to us for cancellation by communicating the same in writing stating the reasons for objections. We will refund the premium amount after deducting the proportionate risk premium for the cover provided during that time plus any medical examination cost and stamp duty charges incurred by us in respect of the policy. All the benefits under the policy will stand extinguished immediately on the cancellation of the Policy under the free look.

When a policy is revived after payment of all due premiums together with interest, the policy is entitled to receive all benefits.

If lapsed policy is not revived before the end of the revival period of five years and where the policy has not acquired a paid up value, the premiums already received by the Company are forfeited and the policy cannot be revived thereafter.If the reduced paid up policy is not revived before the end of the revival period of five years, the policy would continue as a reduced paid up policy till maturity.

D.

along with the revival application. The interest rate will be 3% more than the 10 year annualized yield of Government securities and shall be compounded quarterly. This rate will be reviewed every 6 months. (The current rate of interest applicable from 1st August, 2019 is 10.05% per annum basis 10 years G-sec rate as on 30th June. The interest rate shall be reviewed every 6 months.

For electronic policies and the policies solicited through Distance Marketing mode*, free-look period of 30 days from the date of receipt of your policy document is applicable.

**Distance Marketing mode includes every activity of solicitation (including lead generation) and sale of insurance products through the following modes:

A. Voice mode, which includes telephone- calling

B. Short Messaging Service (SMS)

C. Electronic mode which includes e-mail and interactive television (DTH)

D. Physical mode which includes direct postal mail, newspaper and magazine inserts

Loans:

Suicide exclusion:

Renewal Premium in Advance:

Exclusions in respect to Future premiums being ceased on Disability:

Benefits shall not be paid for any of the events, occurring directly or indirectly as a result of any of the following:

1. Intentional self-inflicted injury, suicide or attempted suicide, while sane or insane.

2. For any medical conditions suffered by the life assured or any medical procedure undergone by the life assured, if that medical condition or that medical

You can avail a loan on your policy only after it acquires a surrender value. The loan that you can avail will be from a minimum of Rs. 5,000 and limited to 85% of the Guaranteed Surrender Value. The current rate of interest applicable from 1st August, 2019 is 10.05% per annum basis 10 years G-sec rate as on 30th June. The frequency of reviewing loan interest rate is every 6 months. Interest rate shall be compounded quarterly.

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

Collection of renewal premium in advance shall be allowed within the same financial year for the premium due in that financial year. Provided, the premium due in one financial year may be collected in advance in earlier financial year for a maximum period of three months in advance of the due date of the premium.The renewal premium so collected in advance shall only be adjusted on the due date of the premium

nominee or beneficiary of the policyholder shall be entitled to at least 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 forces.Total Premiums Paid means total of all the premiums received, excluding any extra premium, any rider premium and taxes.

3.

4.

5.

6.

7.

8.

procedure was caused directly or indirectly by Acquired Immunodeficiency Syndrome (AIDS), AIDS related complex or infection by Human Immunodeficiency Virus (HIV);

For any medical conditions suffered by the life assured or any medical procedure undergone by the life assured, if that medical condition or that medical procedure was caused directly or indirectly by influence of drugs, alcohol, narcotics or psychotropic substances unless taken in accordance with the lawful directions and prescription of a Specialist Independent Medical Practitioner.

For any medical condition or any medical procedure arising either as a result of war, invasion, act of foreign enemy, hostilities (whether war be declared or not), armed or unarmed truce, civil war, mutiny, rebellion, revolution, insurrection, military or usurped power, riot or civil commotion, strikes or participation in any naval, military or air force operation during peace time or during service in any police, paramilitary or any similar organization.

Participation by the life assured in a criminal or unlawful act with criminal intent.

Engaging in or taking part in hazardous activities*, including but not limited to, diving or riding or any kind of race; martial arts; hunting; mountaineering; parachuting; bungee-jumping; underwater activities involving the use of breathing apparatus or not. *Hazardous Activities mean any sport or pursuit or hobby, which is potentially dangerous to the Insured Member whether he is trained or not.

For any medical condition or any medical procedure arising from nuclear contamination; the radio-active, explosive or hazardous nature of nuclear fuel materials or property contaminated by nuclear fuel materials or accident arising from such nature.For any medical condition or any medical

procedure arising from participation by the life assured in any flying activity, except

as a bona fide, fare-paying passenger and aviation industry employee like pilot or cabin crew of a recognized airline on regular routes and on a scheduled timetable

Pre-existing disease:

Assignment:

Assignment will be allowed as per

provisions of section 38 of the Insurance

Act, 1938 as amended from time to time.

Nomination:

Nomination will be allowed as per

provisions of section 39 of the Insurance

Act, 1938 as amended from time to time.

Goods and Services Tax:

Goods and Services Tax, and cess as

applicable, will be levied as per the extant

laws.

Pre-existing Disease means any condition, ailment, injury or disease: a) That is/are diagnosed by a physician within 48 months prior to the effective date of the policy issued by the insurer or its reinstatement or

b) For which medical advice or treatment was recommended by, or received from, a physician within 48 months prior to the effective date of the policy issued by the insurer or its reinstatement.

No claim shall be repudiated after 4 years from the policy inception or reinstatement on account of pre-existing diseases disclosed or discovered through medical examination at underwriting/revival.

Prohibition of rebate:

The Insurance Act, 1938 prohibits an agent or any other person from passing any portion of his commission to the customer, whether as incentive or rebate of premium. Section 41 of the Act states:

1. No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person to take out or renew or continue an insurance in respect of any kind of risk relating to lives or property in India, any rebate of the whole or part of the commission payable or any rebate of the premium shown on the policy, nor shall any person taking out or renewing or continuing a policy accept any rebate, except such rebate as may be allowed in accordance with the published prospectuses or tables of the insurer.

2. Any person making default in complying with the provisions of this section shall be liable for a penalty which may extend to ten lac rupees.

Policy document:

Statutory Information

BEWARE OF SPURIOUS/FRAUD PHONE CALLS!IRDAI is not involved in actvites like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

This brochure gives only the salient features of the Ageas Federal Life Insurance Dream Builder Plan. It uses easy-to-understand language to explain the features. Your plan is governed only by the full legal terms, conditions and exclusions as contained in the policy document. Ageas Federal Life Insurance Dream Builder Plan (UIN: 135N066V02) is a non-linked, non-participating life insurance plan and no benefits other than those indicated in this brochure are payable. This product does not participate in the profits of the Company. Substandard lives will be charged extra premium. This product is underwritten by Ageas Federal Life Insurance Company Limited (Regn. No 135; Corporate Identity Number (CIN) – U66010MH2007PLC167164) having its registered office at 22ndFloor, A Wing, Marathon Futurex, N. M. Joshi Marg, Lower Parel – East, Mumbai – 400013. Tax benefits are as per the Income Tax Act, 1961 and are subject to changes in the tax from time to time. Trade Logo displayed above belongs to The Federal Bank Limited and Ageas International Insurance N. V. and used by Ageas Federal Life Insurance Company Limited under license from respective partners. Ref. No: 14264/IFDBP/ENG/Print-PB/Feb21

BRANCHES

Visit or call any branch of IDBI Bank,

Federal Bank or Ageas Federal Life Insurance Co Ltd.

For the list of branches, please visit www.ageasfederal.com

PHONECall our nationwide toll free number 1800 209 0502

from Monday to Saturday at any time between 8 am to 8 pm.

WEBSITEVisit our website

www.ageasfederal.com

EMAILEmail us at:

support@ageasfederal.com

Contact Us

WRITE

Write to customer service desk:Ageas Federal Life Insurance Company Limited22ndFloor, A Wing, Marathon Futurex, N. M. Joshi MargLower Parel - East, Mumbai – 400013.