Ageas Federal Life Insurance

Ageas Federal Life Insurance offers multiple types of life insurance policies which are designed to fulfill a variety of financial goals like retirement planning, planning for your child's future, and maximizing your savings. It also offers group insurance plans which can allow employers to offer insurance cover to their employees and also help them build wealth. Following is the list of plans offered.

Ageas Federal Term Insurance Plans

Ageas Federal Life Insurance has a number of life insurance plans for customers to choose from. The plans offered are as follows:

1. Saral Jeevan Bima: Ageas Federal Life Insurance's Saral Jeevan Bima is a non-linked, non-participating individual pure-risk premium life insurance plan that offers a lump sum death benefit. The policy allows flexibility in choosing the policy term and premium payment term and offers potential tax benefits on premiums paid and benefits received as per tax laws. The minimum age at entry for the policy (as of the last birthday) is 18 years, and the maximum age at entry is 65 years. The policy term can be chosen between 5 to 40 years, and the full maturity age is 70 years. The policy offers three options for premium payment: Regular Pay, Limited Pay for 5 and 10 years, and Single Pay. The premium paying frequency can be chosen from yearly, half-yearly and monthly.
2. MyLife Protection Plan: Ageas Federal Life Insurance's MyLife Protection Plan is a non-linked, non-participating, individual life insurance product that offers extensive life coverage for a small premium. Policyholders have the flexibility to choose their policy term and premium payment term. They can opt to pay their premium just once, for a limited period, or throughout the policy term. The plan also offers three life coverage options to suit individual needs and discounted premium rates for females, marathon runners, and non-tobacco users. The minimum age at entry for the policy (as of the last birthday) is 21 years for all cover options and accidental death benefits. The maximum age at entry is 65 years for regular coverage and coverage booster, 55 years for single pay and 60 years minus premium paying term for limited pay for smart coverage and 60 years for an accidental death benefit. The minimum age at maturity (as of last birthday) is 31 years for regular coverage and coverage booster, 65 years for smart coverage and accidental death benefit. The maximum is 85 years for all cover options and 75 years for an accidental death benefit. The policy offers a premium payment mode yearly and monthly.  

1. Income Protect Plan: Federal Life Insurance's Income Protect Plan is a non-linked, non-participating term insurance plan that helps safeguard your family's financial future by providing an assured monthly income in the event of your absence. The plan offers life coverage and flexibility in choosing the premium payment term and policy term to suit your financial needs, as well as tax benefits on premiums paid and benefits received. The minimum age at entry of the life insured (last birthday) is 25 years and the maximum age at entry is 60 years. The age of the life insured at maturity (last birthday) is 70 years. The minimum monthly income at inception (in multiple of Rs.5,000) is Rs.15,000 per month, and there is no limit, subject to underwriting. The minimum policy term is ten years, and the maximum policy term is 30 years. The premium payment term options are regular or limited and 10 or 15, or 20 years. The premium frequency options are yearly and monthly.
2. Termisurance Life Protection Insurance Plan: Ageas Federal Life Insurance's Termisurance Life Protection Insurance Plan is a non-linked, non-participating term insurance plan that provides coverage for your loved ones and helps secure your family's dreams. The plan offers an option to receive a return of premium on maturity, high sum assured discounts and flexible premium payment options. The minimum age at entry for the policy (last birthday) is 18 years, and the maximum is 60 years. The maximum age at maturity (last birthday) is 70 years. The maximum sum assured is no limit, subject to Board approved underwriting guidelines. The policy term is between 10 to 30 years. Premium payment term options are Single Premium or Regular Premium, which is the same as the policy term. The premium payment modes are annual, half-yearly, quarterly, and monthly.

Online Insurance Plans by Ageas Federal

1. Life Advantage Plus Plan: Ageas Federal Life Insurance's Life Advantage Plus Plan is an individual life savings insurance plan that helps you save today and live a future without fear. The plan includes maturity boosters to enhance your savings and bonuses when declared to help build up your corpus. Policyholders can choose from a range of policy terms and premium paying terms to suit their individual needs, and it also provides security for your family through life coverage. Additionally, the policy offers tax benefits on premiums paid and benefits received as per tax laws. The premium payment modes are annual and half-yearly. 
2. Guaranteed Income Plan: Ageas Federal Life Insurance's Guaranteed Income Plan is a non-participating, non-linked life insurance plan that offers easy and hassle-free insurance coverage with guaranteed pay-outs. The plan includes life coverage with guaranteed returns, flexibility to choose premium payment term and policy term, quick issuance, option to take policy loan and tax benefit under section 80C & 10(10D) of the income tax act and doesn't require a medical examination. The premium payment frequency mode is yearly.
3. Wealth Gain Insurance Plan: Ageas Federal Life Insurance's Wealth Gain Insurance Plan is a unit-linked insurance plan that gives you life coverage and helps build wealth over the long term. In this plan, the risk in the investment portfolio is carried out by the policyholder. The plan provides eight funds to invest from and offers Guaranteed Loyalty Additions. Additionally, it allows policyholders to avail of tax benefits. The minimum age at entry of the life insured (last birthday) is five years, and the maximum age is 60 years. The minimum age at maturity of the life insured (last birthday) is 18 years, and the maximum age is 74 years. The premium payment frequency mode options are fixed, yearly and monthly.f
4. Wealthsurance Growth Insurance Plan SP II: The Wealthsurance Growth Insurance Plan SP II from Ageas Federal Life Insurance is a non-participating, unit-linked individual life insurance plan that allows you to make a one-time investment. It offers the option to choose from six funds to align with your risk appetite and includes loyalty additions to help boost your fund value. You also have the flexibility to adjust your life coverage according to your changing needs. Additionally, tax benefits may be available under current tax laws.
5. Guaranteed Wealth Plan: The Guaranteed Wealth Plan from Ageas Federal Life Insurance is a non-linked, non-participating life insurance plan that provides a secure future with guaranteed returns on your investment. It is a long-term plan that offers the option to receive guaranteed benefits as a regular income or lump sum amount. You have the flexibility to pay for the first 7 or 10 years of the policy, with a life cover of 14 or 20 years. The plan guarantees benefits regardless of market conditions and offers tax benefits under Section 80C and Section 10(10D) of the tax law. The pay-out period for the Regular Income Benefit option is fixed at seven years, and the premium frequency for this plan is set to be paid on a yearly basis.

Ageas Federal Life Insurance Child Plans

1. Young Star Plus Plan: The Young Star Plus Plan from Ageas Federal Life Insurance is a non-linked, participating individual life savings insurance plan that helps safeguard your loved one's desires and provides financial security for their future. The plan includes a maturity benefit of 125% of the sum assured, paid out in the form of guaranteed annual pay-outs to help fund critical milestones. Additionally, guaranteed additions of up to 10% are available every five years, depending on the policy term chosen. In case of an unfortunate event, the plan ensures that the loved one's financial security is protected, with no future premiums payable and the policy continuing with planned benefits. The premium payment frequency mode options are yearly and half-yearly.

1. Dream Builder Plan: The Dream Builder Plan from Ageas Federal Life Insurance is an insurance plan that provides both life coverage and guaranteed pay-outs to help you fulfil your dreams. It allows you to pay for the first eight years of the policy and provides guaranteed annual pay-outs in the last three years of the policy term. Additionally, in the event of death or disability of the life assured, no future premiums will be payable, giving you peace of mind. The premium payment frequency mode option is yearly
2. Wealthsurance Future Star Insurance Plan: The Unit-linked Plan offered by Ageas Federal Life Insurance is designed to help you create a corpus for your child's future. It provides life coverage for the parent and offers an immediate lump sum pay-out upon their death, as well as continuation of the policy with a waiver of future premiums due. The plan gives you a choice of 2 investment management options to grow and manage the corpus and offers 8 Fund options to align with different risk-return appetites. Additionally, the plan offers tax benefits on premiums paid and benefits received and includes guaranteed loyalty additions for long-term investments.

Ageas Federal Life Insurance ULIP Plans

Ageas Federal Life Insurance provides its customers with the option of growing their wealth through investment options in addition to providing an insurance policy. Both these ULIP plans can be purchased online. The following are the ULIP plans offered:

1. Smart Growth Plan: The Smart Growth Plan from Ageas Federal Life Insurance is a Unit-Linked Life Insurance plan that helps you achieve your goals in an intelligent way. It provides life protection with market-linked returns and offers the flexibility to choose from regular and limited premium paying terms and premium paying frequency. The plan also offers the option to select from six investment fund options that align with your risk appetite. It helps you to grow your wealth while protecting your loved ones. The premium payment frequency mode options are annual, semi-annual and monthly.
2. Wealth Plus Critical Care Insurance Plan: The Wealth Plus Critical Protection Plan from Ageas Federal Life Insurance is a non-participating unit-linked life insurance plan that offers a perfect combination of wealth accumulation and protection, along with an additional critical illness benefit. It provides a dual benefit of life coverage and long-term investment returns and enhanced protection through the Critical Illness Benefit. Additionally, it offers unlimited free switches and premium redirection, allowing you to follow your passion with peace of mind, knowing that you have a plan that cares for you and your loved ones. The premium payment frequency mode option is annual.
3. Wealthsurance Growth Insurance Plan SP II: This is a unit-linked plan that provides the policyholder with market returns through a one-time investment. Policyholders have the freedom to choose their investment amount based on the financial goal that they wish to achieve. The plan also provides policyholders with guaranteed loyalty additions. The policyholder's investment amount is split into an investment account and an insurance account. The charges for the policyholder's insurance account  are deducted from their investment account.
4. Wealth Gain Insurance Plan: This is a unit-linked insurance plan that enables the policyholder to build their wealth in addition to providing a life cover. The policy allows the insured the flexibility to make premium payments on a monthly or annual basis. Guaranteed loyalty additions further boost the policyholder's investments. Policyholders have the added benefit of switching between fund options as per their choice. Securing the entire family under this policy entitles the policyholder to a waiver on premiums for disability.

Ageas Federal Life Insurance Savings Plans

The following are the savings plans offered by Ageas Federal Life Insurance:

1. Assured Income Plan: The Assured Income Plan from Ageas Federal Life Insurance is a non-linked, non-participating individual savings life insurance plan that offers life coverage to secure your loved ones. The plan gives you a choice of three plan options and provides guaranteed regular income based on your plan choice. You also receive a guaranteed maturity booster at maturity along with the last guaranteed regular income. The plan offers flexibility to choose the premium payment term or policy term, and tax benefits may be available on the premiums paid and benefits received as per the current tax laws. The plan ensures that your dreams are met with an assurance of security. The premium payment frequency mode option is annual.  
2. Guaranteed Savings Plan: The Guaranteed Savings Plan from Ageas Federal Life Insurance is a one-time payment plan that eliminates the need for renewals during the chosen policy term. The plan offers the flexibility to choose from two policy terms, 7 or 10 years, to align with your financial milestones. The plan provides a life cover of 10 times your single premium for the chosen policy term. The policy guarantees a pay-out at maturity, in the form of Maturity Sum Assured, and offers potential tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961 for the premiums paid and the amount received as death/surrender/maturity benefits under the policy.

1. Guaranteed Income Plan: Ageas Federal Life Insurance's Guaranteed Income Plan is a non-participating, non-linked life insurance plan that provides guaranteed pay-outs with quick issuance, flexibility to choose the policy and premium payment terms, and an option to take out a policy loan. The plan offers life coverage with guaranteed returns and tax benefits under Section 80C and 10(10D) of the Income Tax Act,1961, without the need for a medical examination. This plan is a quick, hassle-free way to ensure the protection of your loved ones and yourself. The premium payment frequency mode option is annual.

1. Secured Income Plan: The Secured Income Plan from Ageas Federal Life Insurance is a savings plan that allows you to pay premiums for ten years and receive secured income for the next ten years. It offers enhanced protection in case of disablement, tax benefits on the premiums paid and benefits received, and a life cover for 20 years to secure your family financially. The plan also includes bonus additions to boost your savings. This plan is designed to give you financial security and peace of mind. The premium payment term is fixed at ten years.

Ageas Federal Life Insurance Retirement Solutions

1. Saral Pension Plan: The Saral Pension Plan from Ageas Federal Life Insurance is designed to ensure that you can retire from your job, not from your income. It offers a life annuity with a 100% return of the purchase price and a joint life annuity with a return of 100% purchase price on the death of the last survivor. The plan also gives you the option to surrender and a guaranteed annuity pay-out which can be received at your convenience. This plan guarantees lifetime financial freedom, allowing you to stay fearless. It has a one-time premium payment option.
2. Guaranteed Lifetime Income Plan: The Guaranteed Lifetime Income Plan from Ageas Federal Life Insurance is a non-linked, non-participating, individual, single premium, general annuity plan that provides guaranteed regular income for life, allowing you to enjoy a comfortable retirement. The plan offers the option to receive monthly, quarterly, half-yearly or yearly income pay-outs and the option to receive an immediate or deferred annuity. The plan also provides the convenience of a one-time payment and the option of Return of Purchase Price (ROP) on death. This plan ensures that you can enjoy your golden years with peace of mind.

Ageas Federal Life Insurance Health Plans

1. Criti Care Plan: The Criti Care Plan from Ageas Federal Life Insurance is a non-linked, non-participating, individual health insurance plan that covers 30 critical illnesses, allowing you to stay insured and stay fearless. The plan offers flexibility in the policy term and premium-paying term options and provides a level of critical illness coverage throughout the policy term. The plan also offers a lump-sum pay-out on the first diagnosis of an illness and potential tax benefits, subject to change as per current tax laws.

1.  Heart and Cancer Sheild Plan: The Heart & Cancer Shield Plan from Ageas Federal Life Insurance is a non-linked, non-participating health insurance plan that provides comprehensive coverage for both heart and cancer ailments. The plan offers a fixed benefit pay-out on covered conditions, regardless of the actual amount spent on treatment, and allows for multiple minor-stage claims for both heart and cancer care. This plan shields your savings against these critical health issues, giving you peace of mind.

Ageas Federal Life Insurance Group Plans

Ageas Federal Life Insurance has a wide range of group insurance plans that give employers with a number of options to choose from their employees.

1. Group Credit Sheild Plan: The Ageas Federal Life Insurance Group Credit Shield Plan is a one-time premium, non-linked, and non-participating pure-risk life insurance plan that offers convenience and protection for a wide range of loans. It provides three life cover options and two death benefit options, including coverage during the moratorium period. Policyholders may also be eligible for tax benefits under applicable laws. 
2. Group Loan Secure Plan II: The Ageas Federal Life Insurance Group Loan Secure Plan II is a single premium, non-linked, non-participating pure risk life insurance plan that offers protection for group loans such as home loans, loans against property, and plot loans. The plan provides a choice of two death benefit options, and life covers options such as single, joint or proportionate cover for co-borrowers. Policyholders may also be eligible for tax benefits on premiums paid and benefits received under applicable laws.
3. Group Term Life Plan: The Ageas Federal Life Insurance Group Term Life Plan is a group insurance plan that offers basic life insurance coverage for a wide variety of affinity groups at a low cost. It is a term plan that caters to formal and informal groups, providing life insurance coverage for employees or members and ensuring security and peace of mind.
4. Group Employee Benefit Plan: The Ageas Federal Life Insurance Group Employee Benefit Plan is a plan that provides employees with additional benefits. Policyholders bear the investment risk in the investment portfolio, and the plan offers an investment platform to earn market-linked returns with a choice of two attractive fund options. In addition, it provides life insurance coverage for employees.
5. Group Microsurance Plan II: The Ageas Federal Life Insurance Group Microsurance Plan II is a non-linked, non-participating, group pure-risk premium micro-insurance plan that provides financial security at a nominal cost. The plan offers flexibility to choose from two different variants and options to select the type of cover and add a joint life option for a spouse. Policyholders may also be eligible for tax benefits under applicable laws.

How to Raise a Claim with Ageas Federal Life Insurance?

Raising a claim is a simple and hassle-free process with Ageas Federal. Customers have to follow a 3-step process to register a death claim.

Step 1 - Register The Death Claim

The claimant must register a death claim in writing, along with submitting the required documents. These include the Death Claim Form, Original Policy Document, Original / Attested copy of the Death Certificate issued by the Municipal Corporation, nominee's photo ID and Residential proof (attested copy), medical records for the time of death and documents pertaining to any past illnesses which the insured may have suffered from a cancelled cheque of the nominee's bank account (with the IFSC code). The company will register a claim once the aforementioned has been received.

Step 2 - Processing The Claim

Once the documents have been received, the claim department will look into the claim. Provided that no further details or documents are required regarding the claim, the insurance company will settle the death claim in a duration of under eight days.

Step 3 - Claim Pay-out

Once the claim has been settled, IDBI Federal will transfer the due claim amount to the nominee's bank account via Electronic Fund Transfer (EFT). If the amount cannot be transferred via EFT, the insurance company will send the payment via cheque to the nominee's registered mailing address.

Documents Required to Buy Ageas Federal Life Insurance

If you wish to apply and purchase any policy, you will be required to submit certain documents such as your proof of identity, proof of age, proof of income, proof of residence and a copy of your PAN Card. For a complete list of documents required, please contact any IDBI Federal Life Insurance representative or visit any of their branch offices.

How Do I Check Ageas Federal Life Insurance Policy Status?

If anytime you wish to check the status of your Ageas Federal life insurance policy, you can easily do so by visiting their website. To check the policy status and details, you will be required to provide policy-related details like your policy number and your date of birth. Once you have provided that information, the page will immediately display the details and status of your policy.

Ageas Life Insurance Online Payment

Making the premium payment for your IDBI Federal Life Insurance policy is simple and convenient. Apart from several offline payment options, customers can also pay their premiums online through multiple channels including internet banking, credit cards, debit cards, e-wallets, cash cards, IMPS and also through easy EMI facility available on select cards.

Ageas Federal Premium Calculator

Before making any purchase, it is better to know the price of the product. Life insurance is no different, as it is a substantial expense which gets added to your monthly budget. If you are planning to purchase an IDBI Federal Life Insurance policy, you can easily find out the cost of premiums you will be paying, with the help of an online tool called the Premium Calculator. IDBI allows customers to calculate the premium costs for each of their policies. For calculating the premium amount, you will be asked to provide certain details pertaining to the policy which you've chosen, like the term of the policy, your age and the amount of sum assured which you have chosen. Based on this, information, the tool will calculate the premium amount which you will be paying towards your insurance cover.

Ageas Federal Life Insurance Customer Care

Customer service is an important part of the bouquet of services which IDBI Federal provides its customers. To facilitate this, the insurer has set up various channels via which customers can get in touch with the support team at the company to get their queries and complaints resolved. The multitude of channels via which customers can connect with the customer support team include a helpline number for assistance and enquiries, a customer care email ID, and a set complaint resolution matrix which has been established for speedy resolution of all kinds of queries and grievances. In addition to this, customers can also make their policy premium payments online and track their application from the IDBI Federal website.