Ageas Federal Life Insurance is one of the most trustworthy and reliable insurer partners you can choose from. Here
are the reasons why you should choose Ageas Federal Life Insurance Plans:
Eligibility Criteria of Ageas Federal Term Insurance Plans
To purchase an Ageas Federal term insurance plan in 2025, certain eligibility criteria must be met. Let's understand the eligibility criteria in detail.
Age: A person between the ages of 18 and 65 is eligible to apply for a term life insurance plan. The policyholder’s age is a key factor in the term insurance plan’s premium.
Health condition: Since an Ageas Federal term insurance plan insures the policyholder’s life, most insurance providers require a policyholder to undergo a health examination to determine the current health condition and the inherent risks for the insurer. Be completely honest about your health condition and medical history to avoid issues during claim settlement.
Income: An Ageas Federal term insurance plan has no specified minimum income requirement. However, they might ask you for your bank statement copies and salary slips to determine the coverage on your term plan.
Smoking habits: If you smoke or have been a smoker in the past, you must disclose this information to the insurer. It is because smokers are exposed to severe health hazards like lung cancer.
Citizenship: Indian citizens can buy an Ageas Federal term insurance plan in India in their name. However, NRIs or PIOs can also leverage the benefits of a term insurance plan in India.
Additional Benefits Offered By Ageas Federal Life Term Insurance Plans
The features and additional benefits of the Ageas Federal Life Term Insurance plans are as follows:
Return of Premium Benefit
If you survive till the end of the policy term with no claim, you'll get back all the premiums paid towards the plan as a survival benefit.
Life Stage Cover
With this feature, you can increase your sum assured amount at certain points in your life, such as when you get married, have children, or take out a loan.
Accidental Death Benefit
The accidental death benefit cover gives an extra payout on top of the base cover in case of death due to an accident.
High Sum Assured Discount
Get an additional discount on premium for a high sum assured amount purchased in Rs. 10 lakhs or above.
Increasing Monthly Income
A term plan with increasing monthly income offers monthly installments that grow over time to account for inflation. It ensures that the coverage amount is enough for your family even as the cost of living increases over time.
Types of Ageas Federal Life Term Insurance Plans
There are various Ageas Federal Term Insurance Plans based on their features. You can choose the one that best suits your requirements.
Basic Term Plan
Plan Name: Ageas Federal Income Protect or Ageas Federal Saral Jeevan Bima
The lump sum death benefit amount shall be payable to the nominee in case of life-insured untimely demise.
Term Plan with Return of Premium
Plan Name: Ageas Federal Termsurance Life Protection or Ageas Federal iSecure plan
Get back all the premiums paid towards the plan at maturity if you outlive the policy tenure.
You can easily initiate the claim settlement process for IDBI Federal Life term plans either through online or offline ways. Check out the explained process below to understand the claim process thoroughly:
4576-1744191776 (1)4598-1754654947.webp){kind=logo}
4391-1741255269.png)
Do you have any thoughts you’d like to share?