This is a very special scheme of Ageas Federal Life Insurance. Under this, the policyholder gets coverage till the age of 100 years.
New Delhi. Ageas Federal Life Insurance, a private sector life insurance company, has decided to launch a new scheme. It is an assured income, non linked, non participating, savings plan. It has been designed with the aim of relieving the family of the policyholder from financial worries and securing their future after the death of the policyholder.
This plan is designed with the objective of meeting the financial needs of an individual and his family on a regular basis. This plan will provide them guaranteed annual income. This plan offers guaranteed financial payouts. It helps in every walk of life including planning for children’s future, starting a successful business and planning for a comfortable retirement.
What are the options
There are three options available in this plan. Short term income plan, long term income and life long income plan. In the short term income option, survival benefit will be available in the form of guaranteed regular income for a fixed period of 10 years. The long term income option has options of 25 or 30 years. However, it depends on the premium payment term chosen by you. Whereas, for the life long option, the survival benefit is paid till the age of 100 years.
Death benefit will be given to the nominee on the death of the policyholder.
In all these three options of the plan, a lump sum benefit i.e. Guaranteed Maturity Booster is paid at the end of the income payout period. In the event of the unfortunate death of the policyholders, the death benefit will be given to the nominee as a lump sum payment, the company said in a statement on Thursday.
On the launch of this assured income plan, Karthik Raman, CMO and Head, Ageas Federal Life Insurance, said, “In the current economic scenario, people are offering guaranteed products with stable income, which are not affected by market fluctuations.
He further added that keeping in mind that unfortunate circumstances can affect us at any point of time in life, our Assured Income Plan offers life cover even during the income payment term. It aims to give our customers and their families the confidence to go through uncertain times fearlessly.
