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Ageas Federal Life Term Insurance Benefits

40 reviews Rate This
Claim Settlement Ratio95.07%
Customer Care10:00 AM to 6:30 PM
Death Benefit Paid For1,366 Policies
Presence3,000 Branches
Total Death Benefit PaidRs. 63.27 Crore

Benefits of Ageas Federal Life Term Insurance

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 which indicates that the company is dedicated to provide quick and hassle-free claim settlement. Ageas Federal Life Insurance is dedicated to providing helpful solutions to its customers. The insurance company is considered one of the most trusted life insurance brands in India.

Ageas Federal Term Insurance Benefits

Ageas Federal Life Insurance has a range of benefits on its term insurance plans.

1. High Cover at Low Premiums: The stellar advantage of Ageas Federalterm insurance plans is high insurance cover at low premiums. Ageas Federal term insurance plans offer life cover at a reasonable cost. The company has curated these plans to provide effective solutions to every individual without bothering their budget.

2. Return of Premium Benefit: Termsurance Life Protection Insurance plan offered by Ageas Federal Life Insurance company offers a Return of Premium benefit. In case the life assured survives the entire policy tenure, he/she will receive a maturity benefit, which is return of total premiums paid till the date of the plan maturity.

3. Flexibility To Choose Policy And Premium Payment Terms: The customer has the option to choose from an extended policy term and exciting premium payment terms. The life assured has flexibility to choose the policy term and premium payment term according to his requirement and budget.

4. Range Of Premium Payment Options: Under Ageas Federal term insurance plan different premium payment frequencies that one can choose according to their budget. Customers can choose from different payment options like single premium, monthly, and annual premium payments.

5. Accidental Death Benefit: Ageas Federal MyLife Protection plan offers an option to enhance the base coverage of the plan by opting for Accidental Death Benefit cover. In case the life assured passes away in an accident during the policy, his/her family will receive a lump sum amount. With this optional benefit you can ensure financial security of your loved ones even in your absence

6. Tax Benefits: Under Ageas Federal term insurance life assured can avail attractive income tax benefits on term insurance premium payments. Premiums paid towards Ageas Federal term insurance plans are eligible for tax exemptions under Section 80C and 10(10D) of the Income Tax Act, 1961.

Term Life Insurance Premium Calculator


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Disclaimer :
1. Premium has been calculated for coverage till 60 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
    • All
    • The claim was settled easily

      I raised a claim for Ageas Federal Mylife Protection Term Insurance plan on InsuranceDekho. After submitting a...

      Read More
      Ageas Federal
      By Pankaj Kumar
      On: Jan 23, 2023
    • Professional Services

      I am grateful to have bought a life insurance plan from InsuranceDekho. My purchase of an Ageas Federal Mylife...

      Read More
      Ageas Federal
      By Tania Goyal
      On: Nov 14, 2022
    • Easy process of claim settleme...

      The claim settlement process on InsuranceDekho is extremely easy. I submitted the relevant documents and raise...

      Read More
      Ageas Federal
      By Shivani Malhotra
      On: Oct 13, 2022
    • Understood the benefits of a t...

      With the help of the team members of InsuranceDekho, I was able to understand the benefits of different term p...

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      Ageas Federal
      By Gayatri Trivedi
      On: Sep 28, 2022
    • Instant policy renewal

      It has been two years since I bought the Ageas Federal Mylife Protection Term Insurance plan from InsuranceDek...

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      Ageas Federal
      By Ayush Jain
      On: Sep 01, 2022
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    • Tax benefit upto 1,50,000*
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    • 45 Lacs+ happy customers

    Ageas Federal Life Term Insurance Contact Details

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    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.