Aegon Life vs Ageas Federal
  • Scout the best life insurers
  • Achieve your financial goals
  • Rich mix of products
Life insurance companies
Buy Policy in just 2 mins

Buy Policy in just 2 mins

Happy Customers

2 lakh + Happy Customers

Free Comparison

Free Comparison

Customized Term Insurance Plan for you.

Get upto 10% Online Discount*

Gender

Age

Aegon Life vs Ageas Federal Life Insurance 2024

Aegon Life and Ageas Federal both are one of the top life insurance providers in India. Both the companies offer comprehensive life insurance plans offering life cover from 10 to 99 years of age. The product portfolio of both of them is vast and caters to unique needs of the customers. The claim settlement ratio of Aegon Life is 99.03% whereas Ageas Federal has 97.03% CSR for the FY 2022-23. The companies provide benefits such as high sum assured, flexible premiums, customizable coverage, rider benefits, options for premium payment terms, maturity benefits, online discounts, non-smoker discounts and various plan options to choose from.

PLAN DETAILS Edit Aegon Life

Aegon Life

Edit ageas-federal-life

Ageas Federal

Number of life insurance plans and add-ons
Entry Age (Min-Max) 20-65 years 20-65 years
Policy Term 10-75 years 5-40 years
maturity Age (Min-Max) 75 years 10-75 years
Claim settlement ratio (CSR) 99.03% 97.03%
Asset under managment (AUM) 769.5 Crores 12011 Crores
Solvency ratio 3 3.1
Policy Type
  • Term insurance
  • Endowment policy
  • ULIP
  • Money back policy
  • Retirement plans
  • Savings plans
  • Child plans
  • Group Insurance plan
  • Term insurance
  • Endowment policy
  • ULIP
  • Money back policy
  • Retirement plans
  • Savings plans
  • Child plans
  • Group Insurance plan
Coverage Amount
  • Minimum- 5 Lakh
  • Maximum- No Limit
  • Minimum- 2 Lakh
  • Maximum- 50 Lakh
Optional Additional Riders
  • Critical illness rider
  • Waiver of premium rider
  • Accidental death benefit rider
  • Accidental disability benefit rider
  • Income benefit rider
  • Critical illness rider
  • Waiver of premium rider
  • Accidental death benefit rider
  • Accidental disability benefit rider
  • Income benefit rider
Number of term plans 10 4
Exclusions Suicide or self inflicted Injury Suicide or self inflicted Injury
Death Benefit Yes Yes
Survival Benefit Yes Yes
Claims procedure Both (Online+offline) Both (Online+offline)
Type of the insurer Private Private
Online buying facility for life plans Yes Yes
Premium payment options Single/limited/Regular Single/limited/Regular
Online claim facility Yes Yes

Life Insurance Companies

Compare and buy the most suitable Life Insurance Plan from the below-mentioned IRDAI-approved Life Insurance companies.

Trouble connecting with an insurance company?

Contact PolicyX.comCall at our toll-free number 1800-4200-269Email: helpdesk@policyx.com

We are happy to help.

Aegon Life Term Insurance Plans

Bandhan Life Saral Jeevan Bima

A standard pure protection plan with simple terms and conditions providing death benefit to the family of the policyholder.

Unique Features

  • Simple & easy to understand
  • Cost-effective plan
  • Flexibility to select policy term

Saral Jeevan Bima (Pros)

  • Bandhan Life AD Rider
  • Choose To pay Premium Once
  • Max Sum Assured 25 L

Saral Jeevan Bima (Cons)

  • No Maturity Benefit
  • No Surrender Benefit
  • No Survival Benefit

Saral Jeevan Bima (Other Benefits)

  • Spouse Cover
  • Suicide Cover After 12 Months
  • Policy Revival Within 5 Years

Saral Jeevan Bima (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 5 L
  • Maximum Maturity Age - NA
  • Premium Payment Term - RP/SP/LP(5&10 Years)

Bandhan iTerm Comfort

A plan enriched with add-on riders for Accidental Death and Critical Illness, coupled with an assured life insurance cover that offers a lump-sum payout

Unique Features

  • Max Sum Assure 1.25 Cr
  • 105% Death Benefit
  • Special Exist Value At Age Of 55

iTerm Comfort (Pros)

  • Bandhan Life CI Care Rider
  • Bandhan Life AD Rider
  • Suicide Cover After 12 Months

iTerm Comfort (Cons)

  • No Maturity Benefit
  • No Surrender Benefit
  • No Loan Allowed

iTerm Comfort (Other Benefits)

  • Tax Benefit
  • Option to Attach or Detach Riders
  • Policy Revival Within 5 Years

iTerm Comfort (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 25 L
  • Maximum Maturity Age - 70 Yrs
  • Premium Payment Term - 40 Years

Bandhan iTerm Prime

This comprehensive policy offers the flexibility to enhance life coverage and attach or detach riders, with a choice of 4 riders and coverage for 36 critical illnesses.

Unique Features

  • Bandhan Life AD Rider
  • Bandhan Life Disability Rider
  • Non-Smoker and Female Discounts

iTerm Prime (Pros)

  • Bandhan Life Women CI Rider
  • Bandhan Life CI Care Rider
  • Bandhan Life WoP Rider on CI

iTerm Prime (Cons)

  • No Maturity Benefit
  • No Loan Allowed
  • Policy Terminates Post Payment of Death

iTerm Prime (Other Benefits)

  • Surrender Benefit
  • Inbuilt Terminal Illness Benefit
  • Life Coverage Till the Age of 100 Years

iTerm Prime (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 25 L
  • Maximum Maturity Age - 100 Yrs
  • Premium Payment Term - SP

Bandhan Life iTerm Plus Plan

This plan offers benefits for critical illness while offering a lump-sum payment in the event of demise, and comes with flexible premium payment.

Unique Features

  • 4 Plan Options
  • 50 Lakhs for Accidental Death
  • Non-smokers & Female Discounts

iTerm Plus Plan (Pros)

  • Terminal Illness
  • Suicide Cover After 12 Months
  • Permanent Disability Cover

iTerm Plus Plan (Cons)

  • No HIV Cover
  • No Surrender Benefit
  • No Maturity Benefit

iTerm Plus Plan (Other Benefits)

  • Waiver of Future Premiums
  • 1 Cr Natural Death Cover
  • Coverage Option till the Age of 80 years

iTerm Plus Plan (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 50 L
  • Maximum Maturity Age - 80 Yrs
  • Premium Payment Term - 50 Yrs

Ageas Federal Term Insurance Plans

IDBI Federal Life Income Protect Plan

The plan comes with a lump sum benefit on the demise of the policyholder and increasing monthly income benefit.

Unique Features

  • Monthly Income Benefit
  • 2 Types of Death Benefit
  • Choose Premium Payment Term

Income Protect Plan (Pros)

  • Secured Income For 10 Years
  • Life Cover For 20 Years
  • No Limit on Max Monthly Income

Income Protect Plan (Cons)

  • Fixed Policy Payment Option
  • No Survival Benefit
  • No HIV/AIDS Cover

Income Protect Plan (Other Benefits)

  • 15 Days Free Look Period
  • Suicide Cover After 1 Yr
  • Total and Permanent Disablement Benefit

Income Protect Plan (Eligibility Criteria)

  • Entry Age -25 Years
  • Max Entry Age- 60 Years
  • Min Sum Assured - 15 K per month
  • Max Maturity Age - 70 Yrs
  • Premium Payment Term - Fixed 10 Years

IDBI Federal Life My Life Protection Plan

An affordable pure protection plan that has 3 plan options to provide comprehensive coverage and offers discounts to female and marathon runners.

Unique Features

  • 3 life cover options
  • Accidental Death Benefit
  • Discounts for marathon runners

My Life Protection Plan (Pros)

  • 105% Death Benefit
  • Discount For Non-Tobacco Users
  • Coverage Booster Option Upto 150%

My Life Protection Plan (Cons)

  • No Maturity Benefit
  • No Loans Allowed
  • No Surrender Benefit For RP

My Life Protection Plan (Other Benefits)

  • Suicide Cover
  • Plan Available Online
  • Discounts for Females & Marathon Runners

My Life Protection Plan (Eligibility Criteria)

  • Entry Age -21 Years
  • Max Entry Age- 60 Years
  • Minimum Sum Assured - 50 L
  • Maximum Maturity Age - 85 Yrs
  • Premium Payment Term - RP/SP/LP(7&10 Years)

IDBI Federal Life Protection Plan

An economical term insurance plan with a maturity benefit, high sum assured, and flexible premium payment options.

Unique Features

  • Multiple cover options
  • Flexible policy term
  • ROP on Maturity Option

Life Protection Plan (Pros)

  • Highly Customizable Plan
  • Suicide Cover After 12 Months
  • Flexibility in Premium Payment Options

Life Protection Plan (Cons)

  • No Loans Allowed
  • No Accidental Death Benefit
  • No Policy Loan Allowed

Life Protection Plan (Other Benefits)

  • Premium Discount For Females
  • High Sum Assured Discount
  • Surrender Benefit

Life Protection Plan (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 60 Years
  • Minimum Sum Assured - 5L
  • Maximum Maturity Age - 70 Yrs
  • Premium Payment Term -SP & RP

IDBI Federal Life Saral Jeevan Bima

An ideal comprehensive life insurance protection plan with life cover to provide financial security to your family, flexible premium payment, and tax benefits.

Unique Features

  • Avail death benefit
  • Flexible premium payment
  • Discounts for females

Saral Jeevan Bima (Pros)

  • Available For Online Buying
  • Max Sum Assured 50L
  • Choose To pay Premium Once

Saral Jeevan Bima (Cons)

  • No Maturity Benefit
  • No Survival Benefit
  • No Surrender Benefit

Saral Jeevan Bima (Other Benefits)

  • Suicide Cover
  • Spouse Cover
  • Policy Revival Within 5 Years

Saral Jeevan Bima (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 5 L
  • Maximum Maturity Age - NA
  • Premium Payment Term - RP/SP/LP (5&10 Yrs)

Life Insurance Articles

Life Insurance FAQs

Life Insurance FAQsSeptember, 2021

Naval Goel

Reviewed By: Naval Goel

Naval Goel is the CEO & founder of PolicyX.com. Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of PolicyX.com Insurance Web Aggregator.