Ageas Federal Life Insurance Policy: Ageas Life Insurance, a leading private sector life insurance company has announced the launch of a new plan. It is an assured income plan, a non linked, non participating, savings plan. It has been designed with an aim to secure the future of the family after the tragic death of the policyholder without any financial worries.
Guaranteed annual income
This plan will offer a guaranteed annual income to an individual and his family with the objective of meeting their financial needs on a regular basis.
The plan offers guaranteed financial payouts, which helps in achieving various life stage goals including preparing for the future of children, starting a good business, planning for a convenient retirement.
These three options are in the plan
Three options are offered in this plan – Short Term Income, Long Term Income and Lifelong Income.
This plan will also get survival benefit in the form of Guaranteed Regular Income for a fixed tenure of 10 years in case of short term income option. Also there are 25 or 30 year options in long term income option. However, it depends on the premium payment term chosen by you. The survival benefit for life long option is paid till the age of 100 years.
Death benefit will be available on the death of policyholders
In all these three plan options, one-time benefit i.e. Guaranteed Maturity Booster is paid at the end of the income payout period. In the event of tragic death of the policyholders, the death benefit will be given as a lump sum payment to the nominee, the company said in a statement on Thursday.
Speaking at the launch of this Assured Income Plan, Karthik Raman, CMO & Head (Products), Ageas Federal Life Insurance said, “In the current economic scenario, people are offering guaranteed products with stable income, which are impacted by market volatility. Don’t be
Ageas Federal Life Insurance is a joint venture between Ageas, a multinational insurance company, and India’s leading private banks, Federal Bank and IDBI Bank.
