Ageas Federal Life Insurance
- Get 5% online discount
- CSR 96.06% for FY 2022-23
- Special premium rates for women
Ageas Federal Term Insurance Plans
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:
The claim settlement ratio (CSR) of Ageas Federal Life Insurance for the FY 2022-2023 was 96.06%%. It is a key metric that indicates insurers' ability to manage and resolve claims efficiently.
Ageas Federal reported a solvency ratio of 3.1 in the latest report by IRDAI (2022-2023), which shows that the insurer is financially stable enough to bear its liabilities.
You can easily purchase Ageas Federal term plans online from the comfort of your home via their official website or policyx.com.
With Ageas Federal term plans, you can maximize your tax savings under Section 80 C and Section 10 (10D) of the Income Tax Act, 1961.
The features and additional benefits of the Ageas Federal Life Term Insurance plans are as follows:
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.
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.
The accidental death benefit cover gives an extra payout on top of the base cover in case of death due to an accident.
Get an additional discount on premium for a high sum assured amount purchased in Rs. 10 lakhs or above.
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.
There are various Ageas Federal Term Insurance Plans based on their features. You can choose the one that best suits your requirements.
The lump sum death benefit amount shall be payable to the nominee in case of life-insured untimely demise.
Get back all the premiums paid towards the plan at maturity if you outlive the policy tenure.
Here are the documents required to buy a Ageas Federal Life Term Plans:
Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
You can buy the Ageas Federal Life Insurance policy from Policyx.com or the Ageas Federal Life Insurance website.
Visit PolicyX.com and click on the ‘Buy Now Option.
Select the 'Term Plans' option and select a term plan.
Fill out basic details and click on proceed.
It will take you to a new page, where you can enter details and select a premium payment option.
Proceed to pay and receive the policy document on your registered Email ID.
Visit the official website of Ageas Federal Life Insurance.
Click on 'Calculate Premium' and fill in the form that comes up.
Fill in details such as your name, gender, date of birth, email, mobile number, etc.
Proceed to pay via Net Banking, Debit, or Credit Card.
Receive the policy document in your registered email ID.
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:
The insured's nominee needs to initiate the claim process by informing the insurer about the life insured's death as soon as possible. Submit the filled-out Ageas Federal term insurance claims form with all the necessary documents.
Once you submit the request, a dedicated claims team will verify the documents. In case of any more documentation requirements, the representative will contact the nominee using the given contact details for further processing.
Once they verify the documents, the insurer will start the claim process and credit the claim amount to a nominee-registered bank account. Ageas Federal claims to settle the proceeds within 8 working days from the date of receipt of all the required documents.
The nominee has to either visit the Ageas Federal Life Insurance head office or any of its branches to register a term insurance claim. Submit a duly filled claim form along with the required documents to a helpdesk. Ageas Federal Life Insurance claims department processes the claim once they verify the documents. However, you can easily locate the nearest branch office using the Ageas Federal branch locator.
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!
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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.
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