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Ageas Federal vs Hdfc Ulip Plans

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.

Hdfc Ulip Plans

HDFC ULIP plan provides the benefits of an insurance life cover and market-linked investments which are subject to risk associated with capital markets.

COMPANY DETAILS

Ageas Federal

Hdfc Ulip Plans

Rating	Rating 4.6	Rating 4.6
Number of life insurance plans and add-ons	No. of Plans -	No. of Plans 1
Annual Premiums Collected (2023-24)	Annual Premiums Collected (2023-24) 2289 crores	Annual Premiums Collected (2023-24) Rs 1 lakh to No limit
Payout Options	Payout Options Lump sum, fixed payouts, or a combination of both	Payout Options -
Claim ratio	Claim ratio 96.06%	Claim ratio Minimum Age- 14 year%
Solvency Ratio	Solvency Ratio 3.1	Solvency Ratio 70 years
Branches	Branches 3200+	Branches Annual, half-yearly,
Riders Available	Riders Available Accidental Death Benefit Rider, Accidental Disability Benefit Rider, Waiver of Premium Rider, Income Benefit Rider	Riders Available 10 to 30 years
Policy Term	Policy Term 5 to 40 years	Policy Term 10 to 30 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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