Overview of iSecure Plan
Ageas Federal Life iSecure Plan is a flexible term insurance policy that offers pure protection with the choice of Return of Premium. Buyers can opt between two base options: Life Cover and Life Cover with Return of Premium, depending on their protection and savings goals. The plan provides coverage up to age 85, with entry from 21 to 65 years old, flexible premium terms (including single, limited, or regular pay), and optional add-ons such as Accidental Death benefit and Life Stage Cover. It also offers lower premium rates for women and non-tobacco users.
Experts' Review of iSecure Plan
Written by Monish Vora
Chief Editor
Ageas Federal Life iSecure is a fairly straightforward term plan with two base choices: pure protection or protection with Return of Premium. The core structure is simple. The nominee receives a lump-sum death benefit if the policyholder dies during the term, while the ROP variant refunds all base premiums paid on survival.
The plan allows multiple premium payment options including single pay, limited pay, and regular pay, which adds flexibility for buyers who want to align payments with income cycles. It also includes useful add-ons like Accidental Death Benefit and Life Stage Cover, allowing the sum assured to increase at key milestones such as marriage, childbirth, or taking a home loan.
However, the plan remains relatively basic compared to leading digital term products. Most benefits are conventional, and meaningful enhancements largely come through add-ons rather than the base structure. The Return of Premium option significantly increases premiums, which may reduce its value for buyers primarily seeking cost-efficient protection.
Pros
Offers life cover and ROP variants that provide full payout on death or policy maturity.
Gives the option to increase premiums at a later stage.
Cons
The plan is not very feature rich. Lacks a wide range of features.
Premiums are relatively high compared to other term plans.
Insurer performance indicators are on the lower side
The plan lacks critical illness, premium waiver , terminal illness, special exit, and disability benefits commonly offered elsewhere.
Ageas Federal Life Insurance
Key Insights
Founded
2008
Ageas Federal Life Insurance was established 18 years ago, making it a relatively new entrant with a developing track record.
Claims Experience
98.52% CSR, calculated as a 3-year average
Ageas Federal Life Insurance settles 98.52% of all claims it receives demonstrating strong credibility.
Complaints
46.33 complaints per 10,000 claims registered
Ageas Federal Life Insurance has a relatively high volume of complaints, which may point to ongoing issues in customer service or claim handling.
Amount Settled
91.5% of total claim amount settled
Ageas Federal Life Insurance settles only about 91.5% of the total claim amount filed, which may indicate lower payout efficiency compared to peers.
The aforementioned ratios have been averaged over three years (FY24-FY26)
Features of iSecure Plan
Increase Cover at Life Milestones
Some policies extend the option of increasing your total term cover when you hit life milestones, like marriage, birth of children, and home purchase. iSecure Plan offers this benefit.
Return of Premium
Some policies return your premium after the policy matures if you don't make a claim. However, we don't recommend this option actively considering the option can be expensive. In any case, iSecure Plan extends this option to those considering it.
Add-ons of iSecure Plan
Accidental Death benefit
In case of death due to an accident, a lump sum payout is given on top of the base cover.
Life Stage Cover
Gives the option to increase cover amount in the future during important life stages like marriage and child birth.
Cover amount Top-up
Some policies extend the option of increasing your total term cover even after you buy the policy. And while iSecure Plan doesn't offer you a blanket option to increase your cover, it does extend the provision to increase your cover during significant life events i.e. when you get married, when you have kids etc. The feature is called life stage benefit.
Exclusions in iSecure Plan
Conditions or treatments that the policy clearly says it will not cover.
Death by suicide within the first policy year is not covered.
Deaths arising from participation in criminal or unlawful activities are excluded.
If the nominee is found responsible for the insured’s death, the claim will not be payable.
If a death claim is proven to be fraudulent, the insurer will not pay out the benefit.
Disclaimer: For illustration purposes only - exact terms are in the policy wording.
Variants of iSecure Plan
Life Cover
In the event of an unfortunate death during the policy term, provided the policy is active and all due premiums have been paid, the Death Benefit under the Life Cover will be paid in a lump sum to the beneficiary.
Life Cover with Return of Premium
In the unfortunate event of death during the policy term, provided the policy is in force and all due premiums have been paid, the Death Benefit will be paid in a lump sum to the beneficiary. However, if the Life Assured survives until the maturity of the policy and the policy remains in force, a Maturity Benefit equal to the total premiums paid for the base plan option will be payable in a lump sum.
What's missing in iSecure Plan
No Zero Cost Option
No Terminal Illness Benefit
No Waiver of Premium
No option to increase your cover with inflation
No option to decrease your cover over time
No payout on disability
No Critical Illness Benefit
No Special Exit Value
No Cover Continuance Benefit
No Insta Payout Benefit
Reviews for iSecure Plan
O
Omkar Joshi
Opted for iSecure rider options are solid for CI and disability and rider options are solid for CI and disability Feels reliable Honestly
V
Vedika E. Nair
Went with this plan terminal illness cover se family ko peace mila and terminal illness cover se family ko peace mila Feels reliable Honestly
A
Aditi Mehta
Took iSecure payout choice lump sum or income feels practical and payout choice lump sum or income feels practical Satisfied so far simple
N
Neha Reddy
Chose iSecure discounts for salaried non smoker made it cheaper but coverage age limit feels slightly low Not bad overall For me In short
R
Ritika A. Tiwari
Took this plan online process was quick and paperless and online process was quick and paperless Good value No stress No stress Honestly helps
Frequently Asked Questions
What is the Ageas Federal Life Insurance iSecure Plan?
What are the key benefits of the Ageas Federal Life Insurance iSecure Plan?
What payout options are available under the Ageas Federal Life Insurance iSecure Plan?
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