The company holds a nationwide network of 2, 964 branches of Ageas Bank and Federal Bank, and a sizeable network of advisors and partners, Ageas Federal Life Insurance has now achieved it’s stand and hold across the length and breadth of the country. They wish to be the leading provider of wealth management and other services like Insurance and investment plan. The main mission of the company is to continuously strive to improve and enhance their customer’s experience through innovative products, efficient relationship management and excellent service delivery in a cost effective manner.
Benefits of Ageas Federal Life Investment Plans
- These plans are designed for a longer-term vision and money cannot be withdrawn from the plans.
- In case you are thinking of stopping the premium payment due to some reason, the plan automatically shifts to paid-up if you have at least paid the premiums of three full years. A paid-up plan offers a reduced Sum Assured and the policy owner possesses a choice to either run the plan at the reduced coverage or surrender the plan.
- The plans comes up as a participating or non-participating plan. Participating plans are the ones which tend to participate in the company’s profits and earn bonuses which are not true for non-participating plans.
- The plans may be issued either as Endowment Plans or Money Back Plans
Types of Investment Plans offered by Ageas Federal Life
Ageas Federal Life offers a wide range of savings as well as investment and protection plans. A traditional plan offers a savings plan which packs you with a guaranteed sum assured upon survival, death, and maturity.
Note: All of the information that is related to Product Benefits and Eligibility Details has been sourced from the official website of Future Generali India Life Insurance Company Limited.
Ageas federal Life Insurance Whole Life Savings Insurance Plan
Ageas federal Life Isurance Whole Life Savings Insurance Plan –
A traditional whole of life plan which promises to cover the individual till the 100 years of age and also tends to provides saving facilities. The features and benefits of the plan are as follows:
Product Benefits
1. Flexibility to choose the policy term and premium payment term.
2. Death benefit payable will be a higher of Death Sum Assured plus vested bonus plus Terminal Bonus, if any OR 105% of total premiums paid (excluding Goods & Services Tax, extra premiums, if any).
3. Death Sum Assured is higher of Sum Assured OR 10X the annualized premium if age of the Life Assured is less than the age of 45 years or 7X the annualized premium if age of the Life Assured is greater than or equal to 45 years.
4. Maturity benefit will be Sum Assured plus accrued bonus and Terminal Bonus.
Eligibility Criteria
Age at Entry:- 3 to 55 years
Age at Maturity:- 18 to 70 years
Ageas Federal Life Insurance Savings Insurance Plan
A traditional Endowment Assurance plan offered for a fixed tenure. The features and benefits of the plan are as follows:
Product Benefits
1. Flexibility to choose the policy term and premium payment term.
2. Death benefit payable will be a higher of Death Sum Assured plus vested bonus plus Terminal Bonus, if any OR 105% of total premiums paid (excluding Goods & Services Tax, extra premiums, if any).
3. Death Sum Assured is higher of Sum Assured OR 10X the annualized premium if age of the Life Assured is less than 45 years or 7X the annualized premium if age of the Life Assured is greater than or equal to 45 years.
4. Maturity benefit will be Sum Assured plus accrued bonus and Terminal Bonus.
Eligibility Criteria
* Age at Entry:- 3 to 55 years
* Age at Maturity:- 18 to 70 years
Ageas federal Income Isurance Guaranteed Money Back Insurance Plan
A traditional money back plan which provides payouts at specific time intervals. The features and benefits under the plan are as follows:
Product Benefits
- Flexibility to choose the policy term and premium payment term.
- Death benefit payable will be a higher of Death Sum Assured plus vested bonus plus Terminal Bonus, if any OR 105% of total premiums paid (excluding Goods & Services Tax, extra premiums, if any).
- Death Sum Assured is higher of Sum Assured OR 10X the annualized premium if age of the Life Assured is less than 45 years or 7X the annualized premium if age of the Life Assured is greater than or equal to 45 years.
- Maturity benefit will be Sum Assured plus accrued bonus and Terminal Bonus, if any.
Eligibility Criteria
* Age at Entry:- 3 to 55 years
* Age at Maturity:- 18 to 70 years
Ageas Federal Child Isurance Savings Protection Insurance Plan
A traditional Child Insurance Plan for the financial security of the child’s future. There are three options to receive the maturity benefits under the plan which can be chosen either as money-back payouts under Options A and B or a lump sum payout under Option C. In case of sudden death of the person insured during the tenure of the plan, the Death Sum Assured is paid immediately to the nominee which is higher of 10 times the annual premiums or 105% of all premiums paid till the date of death or the chosen Sum Assured. Moreover, approximately 5% of the Sum Assured is paid every year after the death and all future premiums are waived off. On maturity, the maturity benefit will be paid as per the Maturity Option chosen by the policy owner.
Why choose Future Generali Life Investment Plans?
With over 104 branches all over India and approximately over 12.9 lakh policies in the bags of the owners, Future Generali marks a very strong portfolio of traditional and investment plans that works hard to cater to all of your protection and savings needs and demands.
Applying for a Traditional / Investment Plan from the Company
Online
The company offers certain plans which are available online only. The customer only needs to log into the company’s website, choose the required plan, choose the coverage and provide the details. The premium of your chosen plan will be determined using the filled details. The customer then needs to pay the premium online through credit card, debit card, or net banking facilities and the policy will be issued
Intermediaries
The plans which are not available online can be purchased or issued from agents, brokers, banks, etc. where the intermediaries help with the application process.
How to Apply for Ageas Federal Life Investment Plans?
Online Option
There are some plans which the company provides via the only mode only. To apply online, you just have to register via a login ID and password on the official website of the company. Once logged-in, you need to select a specific policy, coverage plan and fill in the application form. After the selection of your desired plan, you can make the premium payment via debit card/credit card/net banking.
Offline Application
One can purchase multiple plans of Future Generali from banks, agents, brokers, branch and intermediaries.
FAQs of Ageas Federal Life Investment Plans
Q1. Why choose Ageas Federal Life Investment Plans?
Ans – With over 104 branches all over India and over 12.9 lakh policies been sold out to the owner, Future Generali has an extremely very strong portfolio of traditional and investment plans which help to cater to all of your protection and savings requirement.
Q2 Which is the best investment plan of Ageas Federal Life Investment Plans?
Ans – Each and every plan offered by the company holds a different kind of benefit and features and so, in conclusion, which ever plan fulfills your bucket of expectations and needs is the best for you.
Ans – One can pay the premium amount via the following listed modes – Phone/Auto Debit/Cash/Cheque/Debit Card/Credit Card/Net Banking/Branch Banking.
Q4. How can I check policy status for Ageas Federal Life Traditional Plans?
Ans – One can check the policy status online with the registered user ID and Password.
Q5. What is the policy renewal process for Ageas Federal Life Traditional Plan?
Ans – One can easily renew the policy by just login to e-Portal with the policy details. Select the payment option (Debit/credit card or by Net Banking) to pay and finally, print/save the e-receipt.
One can even deposit the cash before the due date to renew it automatically.