Ageas Federal Life Insurance FAQs

Ageas Federal Life Insurance child insurance plans are so designed that they take care of your child not only in case of your demise, but also in the case of your survival as these help your child financially with the important milestones.

Ageas Federal Life Insurance has its branches all throughout India and this helps the company in not only their sales process but also it helps the policyholders to get speedy solutions in any situation.

Ageas Federal Life Insurance has a high CSR (Claim Settlement Ratio). This shows that the company honours its commitments.

Yes, Ageas Federal Life Insurance provides tax benefits according to Sec 10 and Sec 80C of the Income Tax Act.

The claim, if passed, will result in a wire transfer of the claim amount to the bank account of the claimant/nominee.

Ageas Federal Life Insurance takes just 8 working days to process and decide a claim.

If the nominee dies before the maturity or before the death of the policyholder, then the policyholder should get the nomination details changed in the policy records.

The claimant can send the forms and the documents by courier to the company head office.

Ageas Federal Life Insurance’s Claim Settlement Ratio for the FY 2019-20 was 96.47%.

Ageas Federal Life Insurance has a vast network which involves 3,000 branches throughout India.

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.

Ageas Federal Life Insurance has a varied range of plans which include the savings, term insurance, health, child, retirement, ULIP, and group insurance plans.

The Ageas Federal Life Insurance plans offer tax benefits to the insured member according to the sections of the Income Tax Act.

Yes, Ageas Federal Life Insurance offers 7 plans online which include Life Advantage Plus Plan, MyLife Protection Plan, Heart & Cancer Shield Plan, Guaranteed Income Plan, Wealth Gain Insurance Plan, Guaranteed Wealth Plan and Wealthsurance Growth Insurance Plan SP.

Ageas Federal Life Insurance premium payment can be performed on a monthly, quarterly, half-yearly, and annual basis.

The health plan by Ageas Federal Life Insurance is the Heart & Cancer Shield which offers a fixed payout on diagnosis of the disease. There are also multiple payouts for various stages of these diseases.

Ageas Federal premium calculator is beneficial only before the purchase of the policy, providing you with the value of the premium beforehand; it helps you make informed and smart decisions.

No, although the policy changes and the calculation values change, the necessary information needed from the user’s end is the same, and the calculator is also the same. The plan type needs to change in the premium calculator to get values of different policies.

The term insurance plans don’t offer any maturity benefits, which makes the premium for the term plans comparatively lower than the endowment plans.

The premium amount is affected by the policyholder’s age, the sum assured in the policy, the insurance term, gender, and smoking habits.