Ageas Federal Life Pension Plans

Coping with retirement can be a complicated issue to address. Be that as it may, the home should be kept up with, which requires a consistent pay after retirement.

Ageas Federal Life Insurance Saral Pension may make your retirement transition easier by aiding you in creating a personalised annuity plan for both you and your spouse. It provides a single life and combined life prompt annuity with the possibility of a higher return.

With Ageas Federal Life Insurance Saral Pension, you may be certain for a monthly payment and spend your post-retirement years with ease.

Feature

• Life Payout with a 100% yield on the purchase cost – Guaranteed Lifetime Pension, upon the death of the annuitant, the premium paid will be reimbursed to the nominee.
  
  
• The policy provides a Joint Life Payout with a stipulation for a 100% annuity to the secondary annuitant upon the death of the main annuitant and on the death of the final survivor, the purchase price is returned in full. This option is only available to annuitants who have a marital connection.
  
  
• A choice to surrender in the event of sickness of the annuitant or the companion or any of the offspring of the annuitant.

Benefits

• Annuity Payments will be made financially past due for as long as Annuitant is alive, according to the picked method of annuity installment.
  
  
• Annuity will be paid financially past due however long the Primary Annuitant or potentially Secondary Annuitant is alive, according to the picked method of annuity installment.
  
  
• When the first annuitant dies, 100 percent of the annuity sum is paid for as long as one of the annuitants is living.
  
  
• When the last annuitant dies, the annuity pay-out ceases immediately. The Purchase Price is payable to the Nominee(s)/legal heirs. The insurance will be terminated, and all rights, benefits, and interests under the policy will be lost.
  
  
• For insurance obtained through Direct Sales Force and Online Sale, an extra Annuity Rate of 2% is granted. As a result, the Annuity Rate for such products would be 102 percent of the initial Annuity Rate.

Eligibility Criteria

Ageas Federal Retiresurance Pension Plans

Ageas Federal Retiresurance Pension Plan not only provides a superb post-retirement savings programme, but also allows you to multiply and develop your money through a variety of tailor-made investment possibilities. The entrance age range is 18-70 years, and the minimum and maximum policy terms are 5 and 75 years, respectively.

This plan comes with a plethora of advantages. The first is a death benefit. In the case of the policyholder’s death, the nominee can choose between fund values maintained in several funds. There is the option of making a one-time payment or paying monthly payments. The minimum amount for a one-time payment is INR 25,000, with no higher limit.

Then there are loyalty bonuses, which increase retirement savings and provide advantages for partial withdrawal, in addition to vesting and surrender benefits. This plan is eligible for tax deductions under Section 80CCC.

Ageas Federal Unit-Linked Pension Plans

Ageas Federal Unit – Linked Pension Plans works with growing a strong financial foundation through decision of different venture choices. This is a plan that involves paying a solitary premium and receiving a portion of the entire amount as a lump sum and the remainder as an annuity investment for regular income after retirement. Customers can also buy an annuity with the complete maturity advantage of receiving payments on a regular basis for the rest of their life.

Ageas Federal Pension Plans can help you save significantly for your senior years and enjoy a joyful, carefree retirement life.

FAQ