Ageas Life Insurance has announced the launch of a new plan. It is an assured income plan, a non linked, non participating, savings plan
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 is designed with the objective of securing the future of the policyholder’s family without financial worries after the unfortunate demise of the policyholder.
Will have guaranteed annual income
This plan will offer guaranteed annual income to an individual and his family for the purpose of meeting their regular financial needs.
The plan offers guaranteed financial payouts, which helps in achieving goals at various stages of life including preparing for children’s future, starting a successful business, planning for a comfortable retirement.
These three options are in the plan
Three options are offered in this plan – Short Term Income, Long Term Income and Lifelong Income.
The plan also offers survival benefit in the form of guaranteed regular income for a fixed period of 10 years in case of short term income option. Also, there are 25 or 30 year options in the long term income option. However, this depends on the premium payment term chosen by you. For the Life Long option, the survival benefit is paid till the age of 100 years.
Death benefit will be available on the death of policyholders
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 unfortunate death of the policyholders, the death benefit will be paid as a lump sum payment to the nominee, the company said in a statement on Thursday.
Speaking on the launch of this assured income plan, Mr. Karthik Raman, CMO and Head (Products), Ageas Federal Life Insurance, said, “In the current economic scenario, people are offering guaranteed products with stable income, which are affected by market fluctuations. Do not be
Ageas Federal Life Insurance is a joint venture between Ageas, a multinational insurance company and Federal Bank and IDBI Bank, India’s leading private banks.
