Ageas Federal Life Insurance
|Claim Settlement Ratio||95.07%|
|Customer Care||10:00 AM to 6:30 PM|
|Death Benefit Paid For||1,366 Policies|
|Total Death Benefit Paid||Rs. 63.27 Crore|
About Ageas Federal
Ageas Federal Life Insurance Co Ltd. (formerly IDBI Federal Life Insurance Company) started its operation in March 2008. IDBI has now been rebranded as Ageas Federal Life Insurance Company as Ageas Insurance International has increased its stake from 26% to 49% in it. While Ageas holds 49% stake, Federal Bank holds 26% stake. IDBI Bank holds 25% in Ageas Federal Life Insurance. The company is headquartered in Mumbai. The sole reason for their existence is to provide not only excellent service to the clients but also a very safe and good place for the employees to work.
The company reached the Rs. 1000 crore milestone in March 2015. The Claim Settlement Ratio for the FY 2019-20 was 96.47%. In 2018, the company became the only one to settle all its accrued losses and since the past 8 years the company has been reporting a profit. The company was awarded TOP-10 Most Trusted Life Insurance Brands by ET Brand Equity consecutively for the second year and in BFSI 2020, it has been listed among the best workplaces to work. The brand signed Sachin Tendulkar as brand ambassador in September 2018.
Types of Ageas Federal Life Insurance Plans
Ageas Federal Life Insurance offers an incredible range of life insurance policies under different kinds of plans.
- Term Insurance Plans: Ageas Federal Life Insurance has 3 distinct term insurance plans to offer. The plans are designed to protect your family from all financial burdens in an unfortunate demise. The plans are Saral Jeevan Bima, MyLife Protection Plan, Income Protection Plan.
- Savings Plans: Ageas Federal Life Insurance Savings Plans have been designed to store and grow your money, and they return this accumulated and grown value in various patterns of maturity depending upon the plan chosen. The plans also provide a life cover. The 4 plans are Guaranteed Savings Plan, Guaranteed Income Plan, Guaranteed Wealth Plan, and Secured Income Plan.
- Unit Linked Insurance Plans: Ageas Federal Life Insurance has a distinct collection of ULIPs which grow your money through their funds and market links. The 4 plans are Smart Growth Plan, Wealth Plus Critical Protection Plan, Wealth Gain Insurance Plan, and Wealthsurance Growth Insurance Plan SP.
- Child Insurance Plans: Ageas Federal Life Insurance not only takes care of your children in your unfortunate demise but they also provide a lot of their maturity providing ample help during the important points of your child's life. The plans are Young Star Plus Plan, Dream Builder Plan, and Wealthsurance Future Star Insurance Plan.
- Retirement Plans: Ageas Federal Life Insurance offers a retirement plan to ensure steady financial support during your golden period of retirement. The 2 plans are Saral Pension Plan and Guaranteed Lifetime Income Plan.
- Health Plans: Ageas Federal Life Insurance health plan offers a lump sum amount on diagnosis of either cancer or heart issues. The plan is Heart & Cancer Shield Plan.
- Group Insurance Plans: Ageas Federal Life Insurance offers 5 different group plans to cater to the insurance needs of the employers for their employees. The plans are Group Term Life Plan, Group Loan Suraksha Plan, Group Employee Benefit Plan, Group Microsurance Plan, and Group Loan Secure Plan.
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Ageas Federal Life Insurance User Reviews
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Latest News on Ageas Federal Life Insurance
Which Are The Best Term Insurance Plans In India?A term insurance is one of the most popular types of insurance scheme in the market. Term insurance is a protection for your family. It pays a certain sum to take care of your family's financial needs in case of your unfortunate demise.
Top 3 Term Insurance Plans In IndiaA term insurance is one of the most popular types of insurance scheme in the market. Term insurance may be a protection for your family. It pays a certain sum to take care of your family's financial needs in case of your unfortunate demise.
Top 5 Companies Offering Term insurance in IndiaA term insurance is one of the most popular types of insurance scheme in the market. Term insurance is a protection for your family. It pays a certain sum to take care of your family's financial needs in case of your unfortunate demise.
Best Term Insurance Plans For Senior Citizens.Term insurance is the simplest and purest form of life insurance. It provides financial protection to your family at the most affordable rates. The benefit amount is paid out to the nominee in case of death of the person insured during the term of the pol
Guide To Term Insurance Plans In India.A term insurance is one of the most popular types of insurance scheme in the market. Term insurance is a protection for your family. It pays a certain sum to take care of your family's financial needs in case of your unfortunate demise.
Claim Process at Ageas Federal Life Insurance
Claim IntimationIn the event of the death of the life assured, the insurance company should be intimated as early as possible.
Submission of DocumentsFor easy claim settlement, claim form, original policy document, death certificate and others documents should be submitted on time.
Claim EvaluationAfter successful submission of documents, the insurance company will thoroughly evaluate the claim filed.
Claim SettlementIf claim request is approved, claim is settled within 30 days. In case of additional investigation, claim process may take 120 days.
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FAQ About Ageas Federal Life Insurance
How many online plans are offered by Ageas Federal Life Insurance and where to purchase those?
There are 7 online plans offered by Ageas Federal Life Insurance that can be purchased from the official website. The online plans are Life Advantage Plus Plan, MyLife Protection Plan, Heart & Cancer Shield Plan, Guaranteed Income Plan, Wealth Gain Insurance Plan, Wealthsurance Growth Insurance Plan SP, and Guaranteed Wealth Plan.
What is the Claim Settlement Ratio of Ageas Federal Life Insurance?
Ageas Federal Life Insurance’s Claim Settlement Ratio for the FY 2019-20 was 96.47%.
What is the extent of the network of Ageas Federal Life Insurance?
Ageas Federal Life Insurance has a vast network which involves 3,000 branches throughout India.
What is unique about Ageas Federal Life Insurance company's way of doing operations?
Ageas Federal Life Insurance believes in not only taking care of its clients or customers but also their employees and not only they have been awarded top 10 trusted brands but also one of the best places to work awards.
What are the different kinds of plans on offer from Ageas Federal Life Insurance?
Ageas Federal Life Insurance has a varied range of plans which include the savings, term insurance, health, child, retirement, ULIP, and group insurance plans.
Ageas Federal Life Insurance Contact Details
Insurance Dekho755 1196 989Mon to Sun 10:00 AM to 7:00 PM
Ageas Federal Life Insurance1800-209-0502Mon to Fri 10:00 AM to 6:30 PM