Ageas Federal MyLife Protection Term Insurance
|Claim Settlement Ratio||95.07%|
|Customer Care||10:00 AM to 6:30 PM|
|Death Benefit Paid For||1,366 Policies|
|Total Death Benefit Paid||Rs. 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
- 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
Claim Process at Ageas Federal Life Term Insurance
Claim IntimationIn the case of death of the life assured, a claim intimation to the insurance company must be made as early as possible.
Submission of DocumentsClaim form, death certificate, original policy document, and more documents must be submitted to ensure smooth claim settlement.
Claim EvaluationOnce the documents are submitted, the insurance company will conduct thorough evaluation of the claim filed.
Claim SettlementIf claim request is approved, claim settlement is done within 30 days. If additional investigation is required, it make take 6 months.
Ageas Federal Life Term Insurance Contact Details
Insurance Dekho755 1196 989Mon to Sun 10:00 AM to 7:00 PM
Ageas Federal Life Term Insurance1800-209-0502Mon to Fri 10:00 AM to 6:30 PM