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Ageas Federal MyLife Protection Term Insurance

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Ageas Federal Life Term Insurance
MyLife Protection Plan
Claim Settlement Ratio95.07%
Death Benefit Paid For1,366 Policies
Presence3,000 Branches
Total Death Benefit PaidRs. 63.27 Crore

About Ageas Federal MyLife Protection Term Insurance

MyLife Protection Plan is one of the key term insurance plans offered by Ageas Federal Life Insurance. A non-risk, non-participating protection plan, MyLife Protection is one of the best ways an individual can attain financial protection for their loved ones when they are no longer there to provide. Completely reasonable and dependable, Ageas Federal MyLife Protection Plan is an individual life, pure risk premium product that proves to be the ultimate financial support when required the most.

The policy comes with a minimum entry age of 21 years, while the maximum entry age is 60 years. Talking about maximum maturity age, it is 85 years. The plan features a minimum sum assured of Rs. 50 Lakh, while the maximum sum assured has no limit. Laden with beneficial features, Ageas Federal MyLife Protection Plan offers extensive life coverage at a minimal premium price. What’s best is that a policyholder can extend their coverage benefits by opting for an additional cover, namely Accidental Death Benefit Option.

Key Inclusions and Exclusions of the Plan

What's Included

  • Death benefit
  • Extensive life cover
  • Multiple cover options
  • Optional cover of Accidental Death Benefit
  • Tax benefits

What's Not Included

  • Death due to suicide within 12 months of policy inception
  • Participation in criminal or unlawful act
  • Injuries resulting from war
  • Use of intoxicating drugs, alcohol, solvent, etc.
  • Nuclear contamination

Ageas Federal MyLife Protection Plan Brochure

  • 384.29 KB
  • PDF Document
  • Sep 01, 2021

MyLife Protection Plan User Reviews

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What users are saying
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  • Perfect Plan

    It was a challenge for me to choose the perfect life insurance plan for my family. The advisors at InsuranceDekho were so helpful in comparing the plans and selecting the most suitable option for us. I am pleased that I chose Ageas Federal Life Insurance. They have been so supportive throughout the process.

    By Sarita Sharma
    On: Jun 07, 2024

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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Ageas Federal Life Term Insurance Contact Details

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