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Ageas Federal Life Insurance Plans

Ageas Federal Life Insurance Co Ltd. (formerly IDBI Federal Life Insurance) has a lot of plans, and it provides its plans in these varied categories.

  • Term Insurance Plans
  • Savings Plans
  • Unit Linked Insurance Plans
  • Child Plans
  • Retirement Plans
  • Health Plan
  • Group Insurance Plans

Ageas Federal Life Insurance Term Plans

Ageas Federal Life Insurance offers three term plans to its customers, and these include:

  • Saral Jeevan Bima: The plan provides features such as lump sum death benefit, flexibility to choose policy term and premium payment term, tax benefits and more.
  • MyLife Protection Plan: The plan provides high life cover with a low premium value. It has three life cover options available and flexibility to choose the policy term.
  • Income Protect Plan: This plan provides an increasing amount of monthly income in your absence. It also has a lump sum amount to look after your immediate needs.

Ageas Federal Life Insurance Savings Plans

Ageas Federal Life Insurance has 5 savings plans to ensure the safety of your money and grow your money for future use:

  • Guaranteed Savings Plan: This is a one-time premium plan, and it offers guaranteed returns that don’t depend on the market conditions.
  • Guaranteed Income Plan: The plan doesn’t require any medical test. There is a choice to get the policy benefit in a lump sum or regular income. The premium payment duration and the policy term is also up to the choice of the policyholder.
  • Guaranteed Wealth Plan: The plan has a cover of 14 years and the policyholder has to pay for 7 years only. There will be a payout for 7 years continuously, and a lump sum money would be provided at maturity.
  • Secured Income Plan: This plan provides cover for 20 years, and the premium is paid for the first 10 years. The next 10 years the policyholder would receive a payout. There is a cover against disability.

Ageas Federal Life Insurance ULIP Plans

Ageas Federal Life Insurance provides 4 ULIP plans which include the following:

  • Smart Growth Plan: The plan provides a life cover and has market-linked returns on maturity. The policyholder is given an option to choose between regular premium payment and limited premium term. Depending upon your risk choice, there are 6 fund options to choose from.
  • Wealth Plus Critical Protection Plan: The plan has an extra shield due to the Critical Illness cover being incorporated in the plan. There is a range of funds provided, and the policyholder can choose among those. There is no limit to switching.
  • Wealth Gain Insurance Plan: There are 8 funds to choose from according to the requirement and make an investment, and the plan ensures loyalty additions.
  • Wealthsurance Growth Insurance Plan SP: The plan has loyalty additions to grow your money at maturity and life cover to provide financial protection in your absence.

Ageas Federal Life Insurance Child Plans

Ageas Federal Life Insurance 3 child plans to cater to ensure and protect the future of your child:

  • Young Star Plus Plan: 125% of the maturity sum assured is paid in the form of annual payments to help with the critical milestones in your child’s life. Up to 10 % addition after every 5 years and life cover to provide financial security in an unfortunate demise of the policyholder.
  • Dream Builder Plan: The premiums need to be paid in the first 8 years of the policy, and there are no further premiums in case of death or disability of the life assured. The policy provides annual payments in the last 3 years of the policy.
  • Wealthsurance Future Star Insurance Plan: This plan has life cover and offers triple benefits with loyalty additions that boost your savings.

Ageas Federal Life Insurance Retirement Plans

The list of Ageas Federal Life Insurance Retirement Plans include:

  • Saral Pension Plan: The plan features life annuity with 100% return of purchase price, joint life annuity with return of 100% purchase price on death of last survivor, option to surrender, guaranteed annuity payout, annuity payout as convenient and more benefits.
  • Guaranteed Lifetime Income Plan: The plan ensures a regular income for the retirement life. The policyholder has the option to choose between an immediate regular premium and the frequency of payouts.

Ageas Federal Life Insurance Health Plans

Ageas Federal Life Insurance also has a health plan to ensure your financial security in a health emergency.

  • Heart & Cancer Shield Plan: The plan has a fixed payout on diagnosis of both cancer and heart issues. There is an option to claim money multiple times on diagnosis of minor stages of both cancer and heart issues.

Ageas Federal Life Insurance Group Insurance Plans

Ageas Federal Life Insurance has the following 5 plans to protect your employees:

  • Group Term Life Plan: The plan is for formal and informal groups and provides life cover to your employees.
  • Group Loan Suraksha Plan: This is a single premium plan and has the option of reducing cover and level cover.
  • Group Employee Benefit Plan: This group plan is linked to the market and has the option of 2 funds. The plan also provides a life cover.
  • Group Microinsurance Plan: It is best suited for Micro-finance organisations, NGOs and self-help groups. The plan provides insurance to the employees and security to their family members.
  • Group Loan Secure Plan: The plan provides cover against a home loan, property loans and has two death benefit options. The plan has options for single life, joint life or cover for co-borrowers in a loan.

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1. Premium has been calculated for coverage till 60 years
2. Eligibility depends on income, occupation and educational qualification
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  • I am happy to have purchased the Ageas Life Insurance Plan from InsuranceDekho. My experience with the company...

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    Ageas Federal
    By Manjeet Singh
    On: Jan 08, 2024
  • I bought the Ageas Federal Secured Income plan from InsuranceDekho through a digital mode. I opted for a digit...

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    Ageas Federal
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    On: Nov 02, 2022
  • I got personalised advice at home when I was buying the Ageas Federal Secured Income plan from InsuranceDekho....

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    On: Oct 13, 2022
  • I was looking for a good investment tool and then I got to know about the different life insurance plans avail...

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    Ageas Federal
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    On: Sep 26, 2022
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Claim Process at Ageas Federal Life Insurance

  • 1

    Claim Intimation

    In the event of the death of the life assured, the insurance company should be intimated as early as possible.
  • 2

    Submission of Documents

    For easy claim settlement, claim form, original policy document, death certificate and others documents should be submitted on time.
  • 3

    Claim Evaluation

    After successful submission of documents, the insurance company will thoroughly evaluate the claim filed.
  • 4

    Claim Settlement

    If 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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FAQs

  • 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

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