Prices Increasing Soon
Ageas Federal Termsurance Life Protection Insurance Plan is a term insurance plan offered byAgeas federal life Insurance. It offers different life cover options to suit different requirements of the policy buyers and to secure the life of family members. The plan is available under two policy options: Pure Protection Option and Return of Premium on Maturity Option.
#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply
By clicking on "View plans" you agree to our Privacy Policy and Terms of use
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
These two options have single and regular premium payment terms. Let’s read further to know in detail about different aspects of the policy.
The following are the eligibility criteria of the policy.
|
Eligibility Criteria |
Details |
|||
|
Plan Options |
Premium |
Minimum |
Maximum |
|
|
Policy Tenure |
Pure Protection Option |
Single |
10 years |
30 years |
|
Regular |
||||
|
Return of Premium on Maturity Option |
Single |
10 years |
30 years |
|
|
Regular |
||||
|
Premium Paying Term |
Pure Protection Option |
Single |
||
|
Regular |
||||
|
Return of Premium on Maturity Option |
Single |
|||
|
Regular |
||||
|
Sum Assured |
INR 5,00,000 |
No Limit |
||
|
Premium Payment Frequency |
Annual, Monthly, Quarterly, Semi-Annual |
|||
|
Loan Facility |
No loan facility is provided under the plan. |
|||
|
Age at Entry |
Pure Protection Option |
18 years |
60 years |
|
|
Return of Premium on Maturity Option |
||||
|
Age of Maturity |
Pure Protection Option |
70 years |
||
|
Return of Premium on Maturity Option |
||||
Note: Know what is term life insurance first and then buy a term plan for your loved ones.
Ageas Federal Termsurance Life Protection Plan offers two life cover options to choose from. These two options have two different premium payment modes such as regular and single. Individuals can choose different life cover options and premium payment options so that they can get the highest benefits from the policy considering their financial and family constraints.
|
Plan Options |
|
|
Pure Protection Option |
Under this option a valuable income protection benefit is offered to the beneficiary of the policy in case of an untimely demise of the life assured. This options is suitable for individual who wants to buy a large insurance cover at a lower premium rate. |
|
Return of Premium on Maturity Option |
This plan offers return of premium on maturity benefit wherein, the premium paid towards the policy during the policy tenure are returned back as maturity benefit to the life assured on maturity of the policy. |
Note: It is suggested to calculate the term plan premium on the term policy calculator online tool by Policybazaar before buying.
The death benefit is paid to the nominee in case of unfortunate demise of the life assured during the policy tenure. The death benefit is paid as:
|
Death Benefit |
||
|
Age of Life Assured |
||
|
Less than 45 years |
45 years and above |
|
|
Single Premium |
Highest of- 1. Sun assured or; 2. 125% of the single premium paid or; 3. Minimum guaranteed sum assured paid on maturity |
Highest of- 1. Sum assured or; 2. 125% of the single premium paid or; 3. Minimum guaranteed sum assured on maturity. |
|
Regular Premium |
Highest of- 1. Sum assured or; 2. 10 times the annualized premium. 3. 105% of the total premiums paid as on the date of death or; 4. Minimum guaranteed sum assured on maturity |
Highest of- 1. Sum assured or; 2. 7 times the annualized premium. 3. 105% of the total premiums paid as on the date of death or; Minimum guaranteed sum assured on maturity |
Ageas Federal Termsurance Life Protection Insurance Plan offers maturity benefits only for Return of Premium on Maturity Option plan. On survival till maturity, the policy will offer 100% of all the premiums paid till the date of policy maturity with necessary deductions as applicable. After this, the policy gets terminated thereafter.
The tax benefits offered in the policy depend on the number and amount of tax paid during the policy term.
“Tax benefit is subject to changes in tax laws. Standard T&C apply.”
The Termsurance Life Protection Insurance Plan offers different surrender benefits for different life cover options. In Pure Protection Option with regular premium payment, it does not offer any surrender value. But its single premium payment plan offers special surrender value as applicable. In Return of Premium on Maturity Option with regular premium payment, it offers surrender value as the amount highest of Guaranteed Surrender Value and Special Surrender Value as applicable.
Both the Termsurance Life Protection Insurance Plan options allow provision to choose either single or regular premium payment mode. A male policyholder of age 30 years with a sum assured of INR 10 lakhs and policy term of 15 years is required to provide the following premiums as below.
Option1: INR 2,480
Option2: INR 8,920
Note: You should also check the benefits of term insurance if you are planning to purchase the term insurance plan.
The individuals should submit a set of documents to help with the KYC process of policy processing. The required documents are listed below.
They are requested to read all the policy-related information or documents carefully before purchasing the Termsurance Life Protection Insurance Plan successfully.
In case of death of insured individuals due to suicidal attempts, the incident will not offer the nominee any death benefit. However, if the event takes place within a year of the time risk commenced or policy revived, the nominee can claim 80% of premiums paid till the policyholder’s death date, or the Policy Surrender Value at that time, as applicable.
Note: Check out the best term life insurance in India and choose one that suits your requirements.
You may also like to read about term insurance
˜Top 5 plans based on annualized premium for bookings made on https://www.policybazaar.com in the first 6 months of FY 24-25.
Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
+Rs. 487/month (Rs.16/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited
We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881
For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale
Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.
© Copyright 2008-2025 policybazaar.com. All Rights Reserved
+Rs. 820/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
+Rs. 1,443/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
Insurance
Calculators
Payment Methods
Secured With
Follow us on
