Ageas Federal Life Insurance
  • Variety of plans
  • Hassle-free renewal
  • Customized plans
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

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:

why-choose

  • Premium Payments For Limited Duration

  • Reversionary Bonus

  • Higher Sum Assured Rebates

  • Higher Death Cover

  • Flexible Premium payment Option

 

Key highlights of Ageas Federal Life Insurance

To get more insight into Ageas Federal Life Insurance Company's performance, take a look at the below key highlights that will help you to analyze the company based on its performance:

Solvency Ratio

Ageas Federal Life Insurance has a Solvency Ratio of 96.06% as per the IRDAI annual report 2022-23. The solvency ratio helps the prospective policyholder assess the ability of a company to meet its financial obligations. As of now, IRDAI mandates maintaining a solvency ratio of 1.50 for every insurer.

Features of Ageas Federal Life Insurance

There are various features to Ageas Federal Life Insurance Plan. Lets understand each of them in detail:

  • 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 Term 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 PremiumAs per the IRDAI report 2022-23, IDBI Federal Life Term 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 plan.

Tax benefit

All the Premiums paid for Ageas federal life insurance can be used as for claiming tax benefit as per income tax act 1961.

Death Benefit

Upon the unforseen death of life insured during policy tenure, Ageas federal life insurace pays the death benefit among the highest of the following: 10 times of annual premium, Sum assured, 105% of total premium paid.

Tired of Pushy Sales? Get Insurance, Your Way Tired of Pushy Sales? Get Insurance, Your Way

Rider Benefits You Can Avail With Ageas Federal Life Insurance Plans

Here are the rider options you can avail with Ageas Federal Life Insurance Plans to enhance your coverage:

Maternity Benefit Rider

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.

Maternity Benefit Rider

Accidental Disability Benefit Rider

Under this rider, if the life insured suffers any disability due to any unforeseen event, rider benefit equal to the rider sum assured will be paid to the nominee.

Maternity Benefit Rider

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 the future premiums of this plan will be waived.

Maternity Benefit Rider

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 the future premiums of this plan will be waived.

Maternity Benefit Rider

Income Benefit Rider

Under this rider, if any unfortunate event such as death and permanent disability occurs with life insured, the life insured's family will receive a regular stream of income.

Documents Required to Purchase Ageas federal life insurance Life Insurance Policy

Here is the list of documents required to buy Ageas federal Life Insurance Plans:

  • Regular Smoking
    Photo ID Proof
  • Your Occupation
    Age Proof
  • Pre-Existing Diseases
    Address Proof
  • Your Age
    Medical Records
  • Your Gender
    Income Proof
Photo ID Proof

Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.

How to Buy Ageas Federal Life Insurance Plans?

Ageas Federal Life Insurance allows you to buy life insurance plans via two platforms. You can either buy the plan online from the official website of the company or through third-party intermediaries like agents, brokers, etc. Given below is a detailed explanation of both these types of buying processes.

Life Insurance
  • Step 1

    Fill out the form given at the top of this page with the necessary details.

  • Step 2

    Select your income and city. Click on 'Proceed'.

  • Step 3

    Update your education and occupation details.

  • Step 4

    Choose your preferred plan and click on 'Buy this plan'.

  • Step 5

    Select the policy term, premium period, and riders (if required), and then proceed to make the payment.

Once the payment is made, you will get a payment confirmation at your registered email address.

Life Insurance
  • Step 1

    Visit the Ageas federal Life Insurance Company's official website and scroll down to the end of the page.

  • Step 2

    Click on the "Buy Online" tab under Popular Links.

  • Step 3

    Click on the tab 'Know More'under Ageas federalLife Digi-term Insurance plan.

  • Step 4

    Click on the tab 'Calculate' at the top right corner of the page.

  • Step 5

    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.

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 Singh

I 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 varshney

I'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 Mary

I 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 Shah

PolicyX 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 Rathod

I 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 Mahajan

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

Your Occupation
1

Claim Intimation

Inform the company about the incident via various channels-either by writing an email to Ageas Federal Life at - claims@ageasfederal.com, 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.

Your Occupation
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.

Your Occupation
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.

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.

Your Occupation

Exclusions of Ageas Federal Life Insurance Plans

  • Death due to a pandemic such as COVID-19 or ebola will not 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. If a policyholder commits suicide during the first 12 months after obtaining the insurance, the nominee receives no death payments. 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 info related to this, you can contact PolicyX.com at the toll-free number 1800-4200-269 or email us at helpdesk@policyx.com.

Life Insurance

More Queries?

If you have any more queries regarding Ageas Federal Life Insurance Plans, Renewals, or Claim Procedures, contact our insurance experts at:
1800-4200-269 now!

Explore more about Ageas Federal Life Insurance

Ageas Federal Life Insurance Premium Payment Receipt

Ageas Federal Life Insurance Premium Payment Receipt

Ageas Federal Life Insurance: FAQs

1. Is there any mobile application available for Ageas Federal life insurance plans?

Yes, you can stay connected through a mobile application namely, Ageas Federal Life Insurance’. It is available on Google Play Store and iOS Apple Store.

2. How to check the policy status of Ageas Federal Life Insurance policies?

To check the policy status for your Ageas Federal life insurance plan, you can call at the company’s toll-free number 1800-209-0502. Or you can check it online by visiting the official website of Ageas federal and clicking on the ’Track Application’ button given at the bottom-right side of the page. Enter ’Application Number’ and ’Date of Birth’ along with the ’code’ provided to proceed ahead.

3. How to perform ULIP transactions like fund switch and premium redirection for my Ageas Federal life insurance plan?

First, you need to visit the customer portal from the official website of Ageas Federal Life Insurance. Then click on ’Transact fund switch and premium redirection related transactions’.

4. Are there any TDS charges applicable on partial withdrawals for my Ageas Federal life insurance plan?

Yes, TDS charges are applicable for partial withdrawals, surrender, maturity, and termination payouts in Ageas Federal life insurance plans.

5. Are there any discounts available for women in Ageas Federal iSurance Flexi Term Plan?

Yes, 5% discount rates are available for women in Ageas Federal iSurance Flexi Term Plan.

6. How much amount will I get if I select a lump sum payment of my maturity benefit in the Ageas Federal New Family Income Builder plan?

You will get a lump sum payment equivalent to 6 times of the annual premium after the payout period ends as a maturity benefit in Ageas Federal New Family Income Builder plan.

7. Are there any riders available for the Ageas Federal Termsurance Group Protection Insurance Plan?

Yes, different riders such as critical illness rider, accidental death rider, and terminal illness cover are available for Ageas Federal Termsurance Group Protection Insurance Plan.

8. Is there any medical test required for the Termsurance Sampoorna Suraksha Micro-insurance Plan?

No, there is no medical test required for the Termsurance Sampoorna Suraksha Micro-insurance Plan.

9. Will I get any loyalty additions in my Ageas Federal Life Insurance Wealth Gain Plan?

Yes, guaranteed loyalty additions will be added at the end of each policy year in Ageas Federal Life Insurance Wealth Gain Plan that helps in boosting your savings for your investment made towards the policy.

10. How many fund options are available under the Ageas Federal Wealthsurance Growth Insurance Plan?

There are 8 fund options available under the Ageas Federal Wealthsurance Growth Insurance Plan that allows the policyholder to invest in one or more funds as per his/her choice.

11. Do Ageas Term Insurance plans come with any income tax benefits?

Yes, Ageas Federal Term Insurance offers Tax Benefits on the premium paid under the Sec 80C of the Income Tax Act.

12. How can I cancel my Ageas Term Insurance plan?

To cancel your Ageas Federal Term Plan, you need to submit a surrender form along with the reason to surrender at the nearest Ageas Federal branch. Also, you need to submit the following documents: Original policy documents Cancelled cheque with the policyholder’s name on it

13. My Ageas Term Insurance Plans have lapsed. Can I still request a Nominee correction?

Yes, you can. You can correct or change your nominee’s name in your Ageas Federal Term Insurance following the company’s norms.

14. Can I avail loan facility under my Ageas Federal Term Plans?

No, term plans do not offer a loan facility.

15. How can I pay my Ageas Term Insurance Plan premiums?

The company allows you to pay your premiums through the below-mentioned methods: Online Payment through the official website Via visiting the nearest branch Pay through Auto Debit Cash or Cheque

Life Insurance Companies

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

Share your Valuable Feedback

Rating Icon

4.6

Rated by 858 customers

Was the Information Helpful?

Select Your Rating

We would like to hear from you

Let us know about your experience or any feedback that might help us serve you better in future.

Reviews and Ratings
varun saxena

Written By: Varun Saxena

I am a passionate content writer with over three years of experience in the insurance domain. An avid learner, I always tries stays ahead of the industry's trends, ensuring my writing remains fresh and includes the latest insurance shifts. Through my work, I strive to engage with targeted insurance readers.

You May Also Know About:

Term Insurance Life Insurance Life Insurance Companies Child Plans Investment Plans Pension Plans ULIP Plans