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Ageas Federal Life Insurance
Ageas Federal Life Insurance
Ageas Federal Life Insurance Co. Ltd. was formerly branded IDBI Federal Life Insurance. The company is a three-way ...Read More
What you get with Ageas Federal Life Insurance
The headline features and policy mechanics, at a glance.
Annual Premium 3072.74 crores
Affordable premium options starting from entry-level to comprehensive whole-life protection.
98.52% claim settlement ratio
Industry-leading approval rate on eligible life insurance claims in the most recent fiscal year.
2.7x solvency ratio
Well above IRDAI's 1.5× floor — strong indicator of long-term claim-paying ability.
4+ optional riders
Extend a base policy with add-on covers — critical illness, accidental death, waiver of premium and more.
3200+ pan-India presence
Branch offices and claim service centres across India for easy policy servicing.
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:
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Premium Payments For Limited Duration
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Reversionary Bonus
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Higher Sum Assured Rebates
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Higher Death Cover
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Flexible Premium Payment Option
Features of Ageas Federal Life Insurance
Solvency Ratio:
The company's solvency ratio helps an individual ascertain its ability to meet its long-term financial obligations. The Solvency Ratio of Ageas Federal Life Insurance Company for 2022-23 is 3.1. (As per the IRDAI, every life insurer must maintain a solvency ratio of 1.5).
Claim Settlement Ratio:
The company holds a good and reliable claim-settling process with a CSR of 96.06%. (CSR as per IRDAI report of the year 2022-23).
Annual Premium:
As per the IRDAI report 2022-23, Ageas Federal Life Insurance recorded a yearly premium of Rs. 2289 Crores.
Benefits of Ageas Federal Life Insurance Plans
There are multiple benefits of Ageas Federal Life Insurance Plans. Read below to understand the plethora of advantages provided by the insurer.
Maturity Benefit
Once the life insured survives the whole policy term, Ageas Federal Life Insurance pays the maturity benefit as per the plan.
Tax Benefit
All premiums paid for Ageas Federal Life Insurance can be used for claiming tax benefit as per the Income Tax Act, 1961.
Death Benefit
Upon the unforeseen death of the life insured during policy tenure, Ageas Federal Life Insurance pays the death benefit among the highest of the following: 10 times of annual premium, Sum Assured, 105% of total premium paid.
Riders You Can Avail With Ageas Federal Life Insurance Plans
Enhance your life plan with optional add-on riders for broader protection.
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, a 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 future premiums of this plan will be waived.
Income Benefit Rider
Under this rider, if any unfortunate event such as death or permanent disability occurs with the life insured, the life insured's family will receive a regular stream of income.
Documents required
For policy purchase and claim submission. Have these ready before you start.
Photo ID Proof
Photo ID Proof (any one of the following) - Passport, Aadhaar card, PAN card, Driving license.
Age Proof
Age Proof (any one of the following) - Passport, Aadhaar card, PAN card, Driving license.
Address Proof
Address Proof (any one of the following) - Utility bill, Passport, Voter ID, Ration Card.
Medical Records
Medical records of the policyholder, if requested.
Income Proof
Income Proof (any one of the following) - Bank statement, last three months' salary slips (for salaried individuals).
How to Buy a Ageas Federal Life Insurance Plan?
Step-by-step guides for the four key moments in your policy lifecycle. Click a tab to switch.
- Visit the PolicyX.com website or the Ageas Federal Life Insurance official website to compare and choose a suitable life plan.
- Enter your personal details such as name, date of birth, gender, annual income, and smoking status to get a customised quote.
- Compare plan options — choose your sum assured, policy term, premium payment term, and any optional riders.
- Fill in the proposal form with your contact details, nominee information, and medical history accurately.
- Upload the required documents: identity proof, address proof, income proof, and recent photographs.
- Pay the first premium online via net banking, UPI, debit/credit card, or cheque.
- Complete the medical examination if required (depends on your age and sum assured).
- Receive your policy document via email and registered post after underwriting approval.
How to File Ageas Federal Life Insurance Claims?
Every claimant/nominee is assigned a dedicated Claims Relationship Officer who helps through the entire process. The life insurance claim settlement process at Ageas Federal Insurance involves the following three steps:
Online Process
1. Claim Intimation
Inform the company about the incident via various channels—either by writing an email to Ageas Federal Life at [email protected], calling the toll-free number (1800-103-7766), filling out the online claim form on its website, or visiting the nearest branch. A claim reference number/intimation number will be provided to you upon successful registration of the claim.
2. Document Submission
You have to submit the necessary documents requested by the insurer to process the claim.
In the case of natural death: death claim form, death certificate, original policy documents, claimant's identity & residence proof, medical records, and account details of the nominee.
In case of an accidental death: the same documents with two additional ones: FIR and post-mortem report.
3. Claim Settlement
After receiving all the documents and claim forms, the insurer will verify the details as per their norms. If they require any additional details, they will contact you via call or email. On successful completion, the claim will be settled and the amount will be transferred to the nominee's bank account, and the same will be communicated to him/her over a call or an email.
4. Offline Process
Ageas Federal Life Insurance claims settlement procedure can be reported by visiting the local Ageas Federal Life Branch Office. For the details of Ageas Federal Life Insurance branches, you can visit their website and locate the nearest branch. You have to submit the essential documents at the branch so that your claim can be processed.
- Log in to the Ageas Federal Life Insurance customer portal or the PolicyX.com dashboard before your policy renewal date.
- Review your existing policy details — coverage, premium amount, and nominee information.
- Choose to continue with the same plan or upgrade your sum assured if eligible.
- Pay the renewal premium online via net banking, UPI, debit/credit card, or cheque.
- Download the renewed policy document from your registered email or the insurer portal.
- Visit the Ageas Federal Life Insurance Company's official website and scroll down to the end of the page.
- Click on the "Buy Online" tab under Popular Links.
- Click on the tab 'Know More' under Ageas Federal Life Digi-term Insurance plan.
- Click on the tab 'Calculate' at the top right corner of the page.
- Fill in the required details, and click on the tab 'Calculate'.
- *Once the payment is made, you will get a payment confirmation at your registered email address.
What's covered — and what's not
The standard inclusions and exclusions across Ageas Federal Life Insurance plans. Specific plans may add benefits — always check the policy wording before purchase.
✗ Exclusions
- Death due to a pandemic such as COVID-19 or Ebola will not be covered by the company.
- Death due to indulging in any adventure sports.
- Death due to consumption of any drugs and alcohol.
- Death due to any pre-existing disease that isn't mentioned during the start of the policy.
- If a policyholder commits suicide during the first 12 months after obtaining the insurance, the nominee receives no death benefit. They receive just the premiums paid up to the incident date or the policy's surrender value, whichever is greater.
Conclusion
Ageas Federal Life Insurance stands out as a reliable and customer-centric provider in the life insurance industry. With a diverse range of products designed to meet the varied needs of individuals and families, Ageas Federal Life Insurance offers solutions that ensure financial security, long-term savings, and risk protection. For more information, you can contact PolicyX.com at the toll-free number 1800-4200-269 or email us at [email protected].
Why Choose PolicyX.com?
Don't just take our word for it — check out what our happy customers say about us!
All my claims were rejected for 3 years. Then, I received a text from PolicyX team, who noticed that my claims hadn't been settled. They managed to get my claims settled, totalling ₹4.5 L. I really appreciate the efforts of the PolicyX advisors for their support in settling my claims.
Ravindra SinghI highly appreciate the help of the PolicyX team for settling my claim of Rs. 5 Lakhs with zero deductions. I took a policy online from them in March 2024. As a customer, it's been a great experience throughout the process.
Priti VarshneyI'm very satisfied because my claim of over ₹2 L has been settled as a result of your team effort. However, I was very upset with the insurer, who delayed the claim for almost 2 months. But with your support and interaction, the claim was settled within 30 days & I appreciate it a lot.
Nisha MaryI bought my health policy from PolicyX, and so far, it's been a very pleasant experience with the team. I really appreciate the help for renewing my health policy. I look forward to continuing my relationship with PolicyX and recommend it to everyone.
Ajay ShahPolicyX has been a savior during a medical emergency in my family recently. My wife was admitted in the hospital, and the insurance company declined my claim request. The PolicyX team handled the situation very well and I received the claim right on time.
Vijay RathodI purchased a health plan for the very first time and the support by PolicyX is commendable. They helped me with the paperwork, explained the policy details to me with patience and supported me at every step of policy buying. A big thanks to you guys.
Uma MahajanFrequently asked questions
The 15 most-asked questions about Ageas Federal Life Insurance, answered.
Customer satisfaction
Aggregate ratings from 928 verified PolicyX customers who bought a Ageas Federal Life Insurance plan.
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PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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