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Ageas Federal Life Insurance
Ageas Federal Life Insurance
Ageas Federal Life Insurance (AFLI) is one of India's prominent life insurers that offers the best insurance solutions. ...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 term 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.
3+ optional riders
Extend a base policy with add-on covers — critical illness, accidental death, waiver of premium and more.
3,200 pan-India presence
Branch offices and claim service centres across India for easy policy servicing.
Ageas Federal Term Insurance: Overview
Ageas Federal Life Insurance is a joint venture between Ageas and Federal Bank. It offers multiple term insurance plans designed to provide financial security and family protection.
Ageas Federal Term Insurance plans help you secure your family and offer financial security in case of your untimely demise. Ageas Federal Life Insurance offers 4 term insurance plans to suit your different needs: Termsurance Life Protection, Income Protect, Saral Jeevan Bima, and iSecure Plan. The Ageas Federal term plan offers key features such as return of premium, income options in case of death, additional discounts, and tax benefits (T&Cs apply).
Key Features of Ageas Federal Term Plans:
- Return of premium
- High sum assured discount
- Life cover at affordable premiums
- Tax benefits under Section 80C or 10(10D)
- Special premium rates for women
- Increased sum assured option
- Monthly income benefit
- Optional accidental death benefit
Video reviews
Ageas Federal Term Insurance Plans
Riders You Can Avail With Ageas Federal Life Insurance Plans
Enhance your term plan with optional add-on riders for broader protection.
Ageas Federal Accident Care Rider
Protection against accidental death and a range of accident-related benefits. Provides 2X benefit for death due to airplane or train accidents.
Ageas Federal Critical Shield Rider
Covers up to 50 critical illnesses. Offers flexible rider sum assured with two variants.
Ageas Federal Linked Accident Rider
Protection against accidental death and a range of accident-related benefits.
Benefits of Ageas Federal Life Insurance
Ageas Federal Life Insurance is one of the most trustworthy and reliable insurer partners. Here are the reasons why you should choose Ageas Federal Life Insurance Plans:
01
High Claim Settlement Ratio
Ageas Federal Life Insurance recorded a CSR of 98.52% for FY 2024-2025, indicating efficient claim resolution.
02
Strong Solvency Ratio
With a solvency ratio of 2.70 (IRDAI 2023-2024), Ageas Federal demonstrates strong financial stability.
03
Easy Online Purchase
Purchase Ageas Federal term plans conveniently online through their official website or PolicyX.com.
04
Significant Tax Benefits
Avail tax savings under Section 80C and Section 10(10D) of the Income Tax Act, 1961, with Ageas Federal term plans.
Documents required
For policy purchase and claim submission. Have these ready before you start.
- Photo ID ProofAny one: Passport, Aadhaar card, PAN card, Driving license.
- Age ProofAny one: Passport, Aadhaar card, PAN card, Driving license.
- Address ProofAny one: Utility bill, passport, voter ID, ration card.
- Medical RecordsMedical records of the policyholder (if requested).
- Income ProofAny one: Bank statement, last three months' salary slips (for salaried individuals).
Eligibility Criteria of Ageas Federal Term Insurance Plans
To purchase an Ageas Federal term insurance plan, certain eligibility criteria must be met:
- Age: Individuals between 18 and 65 years are eligible. The policyholder's age is a key factor in determining the premium.
- Health Condition: Most insurers require a health examination to assess the policyholder's current health and inherent risks. Honesty about health and medical history is crucial to avoid claim settlement issues.
- Income: While there's no specified minimum income, bank statements and salary slips may be requested to determine the appropriate coverage.
- Smoking Habits: Disclosure of smoking habits (past or present) is mandatory, as smokers face higher health risks like lung cancer.
- Citizenship: Indian citizens can purchase a plan in India. NRIs or PIOs can also avail benefits of a term insurance plan in India.
Additional Benefits Offered By Ageas Federal Life Term Insurance Plans
Return of Premium Benefit
If the policyholder survives the policy term without making a claim, all premiums paid are returned as a survival benefit.
Life Stage Cover
This feature allows you to increase your sum assured at key life stages like marriage, childbirth, or taking a loan.
Accidental Death Benefit
The accidental death benefit provides an additional payout over the base cover in case of death due to an accident.
High Sum Assured Discount
Receive an additional premium discount for a high sum assured of ₹10 lakhs or more.
Increasing Monthly Income
This option provides monthly installments that increase over time to counter inflation, ensuring adequate coverage for your family as the cost of living rises.
Types of Ageas Federal Life Term Insurance Plans
Ageas Federal offers various term insurance plans based on their features. You can choose the one that best suits your requirements.
Basic Term Plan
Plan Name: Plan Name: Ageas Federal Income Protect or Ageas Federal Saral Jeevan Bima
A lump sum death benefit is payable to the nominee in case of the life insured's untimely demise.
Term Plan with Return of Premium
Plan Name: Plan Name: Ageas Federal Termsurance Life Protection or Ageas Federal iSecure plan
All premiums paid are returned at maturity if you outlive the policy tenure.
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 term 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.
You can easily initiate the claim settlement process for Ageas Federal Life term plans through online or offline methods. Understand the process below:
- The nominee must inform the insurer about the life insured's death as soon as possible. Submit the duly filled Ageas Federal term insurance claim form along with all necessary documents.
- Upon submission, a dedicated claims team will verify the documents. If additional documents are required, a representative will contact the nominee for further processing.
- After document verification, the insurer will process the claim and credit the amount to the nominee's registered bank account. Ageas Federal aims to settle claims within 8 working days from the date of receiving all required documents.
- The nominee can visit the Ageas Federal Life Insurance head office or any branch to register a term insurance claim. Submit a duly filled claim form and required documents at the helpdesk. The Ageas Federal Life Insurance claims department processes the claim after document verification. You can locate the nearest branch office using the Ageas Federal branch locator.
- 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 official website of Ageas Federal Life Insurance.
- Click on 'Calculate Premium' and fill out the form.
- Enter details such as your name, gender, date of birth, email, and mobile number.
- Proceed to pay via Net Banking, Debit, or Credit Card.
- Receive the policy document in your registered email ID.
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 10 most-asked questions about Ageas Federal Life Insurance, answered.
Customer satisfaction
Aggregate ratings from 927 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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