Ageas Federal Life Term Insurance

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Highlights
Claim Settlement Ratio96.47% in FY 2019-20
Customer Care10:00 AM to 6:30 PM
Death Benefit Paid For1,366 Policies
Inception2008
Presence3,000 Branches
Total Death Benefit PaidRs. 63.27 Crore

About Ageas Federal Term Insurance

Ageas Federal Life Insurance Co Ltd was set up as a three-way JV between Ageas Bank, Federal Bank, and Fortis Insurance International NV in 2006. The company received the IRDAI license in December 2007, following which it issued its first life insurance policy in March 2008. Subsequently, there was a change in the ownership pattern with Ageas, a European insurance multinational giant replacing Fortis Insurance International. The company offers its products through a multi-channel network consisting of bancassurance partners, direct channel, and insurance brokers.

Ageas Federal Life Insurance offers comprehensive term insurance plans. Ageas Federal is a client-focused company, the company offers hassle-free claim settlement and purchasing experience. Ageas Federal Life Insurance has featured a high claim settlement ratio of 96.47% in FY 2019-20. The life insurance company is ranked amongst the ‘Top 10 Most Trusted Life Insurance Brands’ in India. Ageas Federal Life Insurance is dedicated to providing helpful solutions to its customers.

List of Ageas Federal Term Insurance Plans

Ageas Federal Life Insurance has an exciting range of term insurance individual and group plans to its clients situated across the country.

  1. Saral Jeevan Bima
  2. MyLife Protection Plan
  3. Income Protect Plan
  4. Termsurance Life Protection Insurance Plan

Term Life Insurance Premium Calculator

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Choose required coverage to secure your family’s future

50L
1Cr
1.5Cr
2Cr
5Cr
Disclaimer :
1. Premium has been calculated for coverage till 70 years
2. Eligibility depends on income, occupation and educational qualification

Ageas Federal Life Term Insurance Plan List

Name of PlanSum Assured
MyLife Protection Plan20 lac - 10 cr Get Quotes Now

Ageas Federal Term Insurance User Reviews

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What users are saying
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  • Made the correct choice

    I was recommended the name of InsuranceDekho by one of my relatives for buying Ageas Federal Life Insurance. I...

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    D
    Ageas Federal
    By David Massey
    On: Jul 22, 2021
  • Simplified policy comparison

    I am grateful to InsuranceDekho as it has simplified policy comparison for me. I compared the policies primari...

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    P
    Ageas Federal
    By Parshati Pandey
    On: Jul 15, 2021
  • Functional online calculator

    The online premium calculator on InsuranceDekho is functional. It makes policy premium calculation really fast...

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    T
    Ageas Federal
    By Titas Mukherjee
    On: Jul 02, 2021

Claim Process at Ageas Federal Life Term Insurance

  • 1

    Claim Intimation

    In the case of death of the life assured, a claim intimation to the insurance company must be made as early as possible.
  • 2

    Submission of Documents

    Claim form, death certificate, original policy document, and more documents must be submitted to ensure smooth claim settlement.
  • 3

    Claim Evaluation

    Once the documents are submitted, the insurance company will conduct thorough evaluation of the claim filed.
  • 4

    Claim Settlement

    If claim request is approved, claim settlement is done within 30 days. If additional investigation is required, it make take 6 months.
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