Ageas Federal Life Insurance

About Ageas Federal Life Insurance (Formerly IDBI 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.

Key Features of IDBI Federal Life Insurance Company

IDBI Federal Life Insurance offers a wide way of securing your family after you. Let's have a look at some of the brilliant features of the policy making it one of the best available life insurance plans in the domain.

Product Range of IDBI Life Insurance Company

The company (formerly called IDBI Federal Life Insurance) introduced new insurance policies that can help cater to the needs of an average life insurance customer. The below section lists all the plans that are currently active on their official website:

1. IDBI Federal Term Plans

   These plans offer the dual advantage of protection and financial stability to its customers. The plan assures a secure financial future for the family after the death of the policyholder.

   Plan	Entry Age	Policy Tenure	Sum Assured
   Saral Jeevan Bima	Minimum Age:- 18 years Maximum Age:- 65 years	5 to 40 years	Rs. 5 Lakhs to 25 Lakhs
   MyLife Protection Plan	Minimum Age:- 21 years Maximum Age:- 65 years	NA	Rs.5 Lakhs to No limit
   Income Protect Plan	Minimum Age:- 25 years Maximum Age:- 60 years	10 - 30 years	NA
   Termsurance Life Protection Insurance Plan	Minimum Age:- 18 years Maximum Age:- 60 years	10 - 30 years	Rs.5 Lakhs to No limit.

2. IDBI Federal Child Plans

   Child plans offered by IDBI Federal Life take care of all the financial requirements of the child's education and other related expenses. These customized plans provide life coverage to children even in case of the demise of the insured parent(s).

   Plan	Entry Age	Maturity Age	Policy Tenure
   Young Star Plus Plan	Minimum Age:- 18 years Maximum Age:- 4530-65 years years	30 - 65 years	12 - 20 years
   Dream Builder Plan	Minimum Age:- 21 years Maximum Age:- 50 years	31-70 years	10-22 years
   Wealthsurance Future Star Insurance Plan	Minimum Age:- 18 years Maximum Age:- 54 years	28-70 years	10-25 years

3. IDBI Federal ULIP Plans

   These are a combination of investment along with life insurance coverage to deal with uncertainties of life under a single integrated plan. It comes out with returns on investment and helps to face unexpected future events of life.

   Plan	Entry Age	Maturity Age	Policy Tenure
   Smart Growth Plan	Minimum Age:- 1 years Maximum Age:- 55 years	18 - 70 years	10/15/20/25 years
   Wealth Plus Critical Protection Plan	Minimum Age:- 18 years Maximum Age:- 52 years	28-70 years	10/15/20/25 years
   Wealth Gain Insurance Plan	Minimum Age:- 5 years Maximum Age:- 60 years	18-74 years	10/15/20 years
   Wealthsurance Growth Insurance Plan SP II	Minimum Age:- 1 years Maximum Age:- 70 years	18-76 years	6 years / 10 years/ 15 years/ 20 years/ 25 years

4. IDBI Federal Retirement Plan

   IDBI Federal Retirement Plan is meant to provide financial security in the golden years of your life. The plan helps in accumulating wealth through savings over a long-term period and maintaining a good lifestyle post-retirement. IDBI Federal offers the below-mentioned retirement plan to its customers:

   Plan	Entry Age	Purchase Price	Annuity
   Smart Growth Plan	Minimum Age:- 40 year Maximum Age:- 80 years	Rs. 1,50,000, subject to minimum Annuity Payout	Rs. 1000 per Month, Rs. 3000 per Quarter, Rs. 6000 per Half year and Rs. 12000 per Year
   Guaranteed Lifetime Income Plan	Minimum Age:- 45 year Maximum Age:- 85 years	1,50,000 (Min) No limit (Max)	1,000 per payout/3,000 per payout/6,000 per payout/12,000 per payout/| No limit (Max)

5. IDBI Federal Savings Plans

   With IDBI Federal Savings Plans, the life assured can enjoy financial security with life coverage along with the benefit of savings on investments. These plans offer multiple ways to grow wealth so as to fulfill key milestones at different stages of life.

   Plan	Entry Age	Max. Maturity Age	Policy Tenure
   Assured Income Plan	Minimum Age:- 5 year Maximum Age:- 60 years	100 years	NA
   Guaranteed Savings Plan	Minimum Age:- 2 year Maximum Age:- 45 years	55 years	7/10 years
   Life Advantage Plus Plan	Minimum Age:- 0 days Maximum Age:- 55 years	70 years	11/15/20 years
   Guaranteed Income Plan	Minimum Age:- 8 years Maximum Age:- 50 years	65 years	NA
   Guaranteed Wealth Plan	Minimum Age:- 10 years Maximum Age:- 55 years	75 years	14 years and 20 years (fixed)
   Secured Income Plan	Minimum Age:- 8 years Maximum Age:- 50 years	70 years	20 years(fixed)

How to contact Ageas Federal Life Insurance Company?