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Ageas Federal vs Edelweiss Tokio Life

Ageas Federal

Ageas Federal Life Insurance Co. Ltd. was formerly branded IDBI Federal Life Insurance. The company is a three-way joint venture between IDBI Bank, Federal Bank, and Ageas Europe.

Edelweiss Tokio Life

Edelweiss Life is a subsidiary of Edelweiss Group incorporated in the year 2011. It is an association between Edelweiss financial service limited and Life Marine Holdings Inc.

COMPANY DETAILS

Ageas Federal

Edelweiss Tokio Life

Rating	Rating 4.6	Rating 4.6
Number of life insurance plans and add-ons	No. of Plans -	No. of Plans -
Annual Premiums Collected (2023-24)	Annual Premiums Collected (2023-24) 2289 crores	Annual Premiums Collected (2023-24) 1690.47 crores
Payout Options	Payout Options Lump sum, fixed payouts, or a combination of both	Payout Options Lump sum, regular frequencies or a combination of both
Claim ratio	Claim ratio 96.06%	Claim ratio 99.02%
Solvency Ratio	Solvency Ratio 3.1	Solvency Ratio 2.1
Branches	Branches 3200+	Branches 109+
Riders Available	Riders Available Accidental Death Benefit Rider, Accidental Disability Benefit Rider, Waiver of Premium Rider, Income Benefit Rider	Riders Available Accidental Death Benefit Rider, Accidental Total and Permanent Disability Rider, Critical Illness Rider
Policy Term	Policy Term 5 to 40 years	Policy Term 10 to 62 years

Know More About Companies

Overview

Ageas federal Life Insurance

Founded in 2007, Ageas Federal Life Insurance Co. Ltd. was formerly branded IDBI Federal Life Insurance. The company is a three-way joint venture between IDBI Bank, Federal Bank, and Ageas Europe. The company has introduced policies pertaining to wealth management, child, protection, retirement, and group solutions to help its customers plan their future finances. Since its inception, the company has issued 13.85 Lakh policies.

Ageas federal Life Insurance Company ensures to look after your insurance needs by offering:

Premium Payments For Limited Duration
Reversionary Bonus
Higher Sum Assured Rebates

Higher Death Cover
Flexible Premium payment Option

Riders

Riders You Can Avail With Ageas Federal Life Insurance

Name of the Rider	Benefits
Accidental Death Benefit Rider	Under this rider, if the life insured has passed away due to any unforeseen event. A rider benefit equal to Rs. 15 Lakh will be paid to the nominee.
Accidental Disability Benefit Rider	Under this rider, if the life insured suffers any disability due to any unforeseen event, rider benefit equal to the rider sum assured will be paid to the nominee.
Waiver of Premium Rider	Under this rider, if the policyholder has suffered from any critical illness or gets partially disabled due to an accident. All the future premiums of this plan will be waived.
Income Benefit Rider	Under this rider, if any unfortunate event such as death and permanent disability occurs with life insured, the life insured's family will receive a regular stream of income.

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