Ageas Federal Child Plans

As parents, we dream of providing our children with the very best, setting them up for a bright and secure future. This includes ensuring they have the financial means to pursue their dreams, be it higher education, starting a business, or simply living a comfortable life. Ageas Federal Life Insurance understands this aspiration and offers a range of child plans designed to help you achieve just that.

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Investing in your child's future:A wise decision & a loving choice
  • Insurer pays premium in case of loss of life of parent

  • Create wealth for child’s aspirations

  • Tax Free maturity amount+

  • 12+ plans available

Nothing Is More Important Than Securing Your Child's Future

Invest ₹10k/month your child will get ₹1 Cr Tax Free*

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Ageas Federal Child Plans

Ageas Federal doesn't believe in a one-size-fits-all approach. They know that every child and family is unique, with different needs and aspirations. That's why they offer a variety of child plans, each with its own set of features and benefits:

Ageas Federal Life Insurance Dream Builder Plan

The Ageas Federal Life Insurance Dream Builder Plan is a savings-oriented, traditional life insurance plan designed to help you achieve your long-term financial goals for your child's future. It combines guaranteed cash flow with life insurance protection, offering financial security throughout the policy term.

Here are the features and benefits of the plan:

  • Limited Premium Payment: You only pay premiums for the first 8 years, ensuring affordability and financial flexibility.

  • Flexible Policy Terms: Choose a policy term that aligns with your child's key milestones, like higher education or marriage, guaranteeing funds availability when needed.

  • Guaranteed Annual Payouts: Receive guaranteed cash payments in the last 3 years of the policy term, regardless of market performance, to support crucial expenses.

  • Death/Disability Rider: Future premiums are waived upon the policyholder's death or disability, safeguarding your family's financial future even in unforeseen circumstances.

  • Tax Advantages: Enjoy potential tax benefits under Section 80C and 10(10D) of the Income Tax Act, 1961, for premium payments and received benefits.

Plan at Glance

Criteria Minimum Maximum
Entry Age 21 years 50 years
Age of the life insured at maturity 31 years  72 years
Premium Payment Term 8 years
Policy Term 10 years  22 years
Sum Assured Rs. 2,15,000 No Limit
Premium Paying Frequency Yearly

Ageas Federal Wealthsurance Future Star Insurance Plan

Ageas Federal Wealthsurance Future Star Insurance Plan is a unit-linked insurance plan (ULIP) designed to help you secure your child's future financially while providing you with life cover during the policy term. Here are the key features and benefits:

  • Wealth creation: Build a substantial corpus for your child's future goals like education or marriage through disciplined savings and potential market-linked returns.

  • Investment choices: Choose from 8 different funds based on your risk appetite to optimise returns.

  • Guaranteed Loyalty Additions: Get rewarded for long-term commitment with guaranteed bonuses added to your corpus every 5 years.

  • Life cover: In case of your unfortunate demise, your child receives a lump sum payout to ensure their financial security.

  • Policy continuation: Even after your passing, the policy continues without any further premium payments from your end, ensuring your child's financial goals are met.

  • Peace of mind: Knowing your child's future is secure allows you to focus on the present with confidence.

  • Tax benefits: Enjoy tax deductions on premiums paid under Section 80C and tax-free maturity benefits as per prevailing tax laws.

  • Fund management options: Choose between actively managed funds or a target allocation strategy to suit your investment preferences.

  • Flexibility: Partially withdraw funds after 5 policy years if needed.

Investment Investment
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Child Banner
Secure your child’s future with or without you
Start Investing
₹10,000/Month
& Get
₹1 Crore*
*Standard T & C Apply

Plan at Glance

Criteria Minimum Maximum
Entry Age 18 years 54 years
Maturity Age 28 years 70 years
Policy Term 10 years 25 years
Premium amount Rs.25,000 Rs.95,000
Premium Payment Term 5 years Equal to the policy term
Premium Paying Frequency Fixed/Yearly
Sum Assured For insured person of age below 45 years:
Higher of
• 10 times the Annual Premium
• 0.5 x Policy Term x Annual Premium
For insured person of age 45 years and above:
Premium Payment Term less than 8:
• Higher of 7 times Annual Premium
• (0.25 x Policy Term x Annual Premium)
Premium Payment Term equal or greater than 8:
• Higher of 10 times Annual Premium
• (0.25 x Policy Term x Annual Premium)

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Ageas Federal Life Insurance Young Star Plus Plan

The Ageas Federal Life Insurance Young Star Plus Plan is a traditional savings plan designed to secure your child's future financially while encouraging regular savings. It combines guaranteed benefits with potential bonuses to build a substantial corpus over time.

Here are the features and benefits of the plan:

  • Systematic Savings: Encourages consistent saving habits through regular premium payments.

  • Guaranteed Payouts: Provides 125% of the maturity sum assured as guaranteed annual payouts in the last 3 or 5 years of the policy term, depending on your choice, to fund crucial milestones like education or marriage.

  • Guaranteed Additions: Offers guaranteed additions up to 10% every five years, depending on the chosen policy term, to boost the maturity corpus.

  • Potential Bonuses: Declared bonuses, if any, further enhance the savings potential.

  • Flexible Policy Terms: Choose a policy term and premium payment term that suits your needs and budget.

  • Financial Security: In case of your unfortunate demise, future premiums are waived, and the policy continues with planned benefits, ensuring your child's financial security.

  • Tax Benefits: You can avail tax benefits on premiums paid and received benefits as per applicable tax laws.

Plan at Glance

Criteria Minimum Maximum
Entry Age 18 years Regular payment: 40 years
Limited payment: 45 years
Age at maturity 30 years  Regular payment: 60 Years
Limited payment: 65 years
Premium Payment Term 20 years
Premium Amount Rs.18,000 p.a No Limit
Sum Assured Rs. 2,15,000 No Limit
Premium Paying Frequency Yearly and Half Yearly 
Invest More Get More
Invest ₹10K/Month YOU GET ₹1 Crores* For Your Child View Plans
Invest ₹8K/Month YOU GET ₹80 Lakhs* For Your Child View Plans
Invest ₹5K/Month YOU GET ₹50 Lakhs* For Your Child View Plans
Standard T&C Apply *

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How to Buy Child Plans Through Policybazaar?

To buy a child plan from PolicyBazaar, follow these steps:

  • Visit the PolicyBazaar homepage and navigate to the "Personal" tab.

  • Click on "Child Plans" from the dropdown menu.

  • Fill out the lead form by providing your name and mobile number.

  • After filling out the lead form, click on the "View Plans" button.

  • Provide details such as your city, income, your age, and your child's age on the next page then click "Continue."

  • You will be directed to the quotes page, where you will find quotes from more than 10 insurers.

  • Next, choose the plan type based on the payment schedule – whether it's a one-time payout or a Monthly Payout Plan.

  • Select the plan that best suits your needs and click on "Get details".

Following these steps will guide you through the process of purchasing a child plan from Policybazaar.

Frequently Asked Questions

  • What documents are required to buy the child plans?

    To buy the child plan, submit these documents to the insurance company:
    • Your identity proof: passport, driver's license, PAN card, Voter’s ID card, etc.

    • Your address proof: passport, driving license, electricity or phone bill, etc.

    • Your date of birth proof: passport, driving license, PAN card, etc.

    • Child's date of birth proof: birth certificate

    • Passport-sized photographs of you and your child

  • Are there any guaranteed payouts in Ageas Federal Life Insurance Young Star Plus Plan?

    The Young Star Plus Plan offers Guaranteed Annual Payouts equaling 125% of the Maturity Sum Assured during the final 3 or 5 years of your policy, depending on the chosen policy term at the beginning, given that all premiums due have been paid or waived up to the present time.
  • What is the benefit of regularly paying premiums in Ageas Federal Wealthsurance Future Star Insurance Plan?

    You benefit from remaining invested. Earn Guaranteed Loyalty Additions as recognition for your commitment as a long-term investor.
  • How to pay premium? What are the modes of payment available?

    You can choose from ANY of the following premium modes from Ageas Life Insurance
    • Online Payment

    • Payment through Ageas & Federal Bank Branch

    • ECS

    • Payment through Advisor

    • Cheque facility

    For payment through online, policyholder must visit e-portal of company.

    • Enter your policy number and date of Birth

    • Then verify your policy details

    • Select payment options and pay payment.

  • How can I check policy status for Ageas Federal Life child plans?

    As a registered user, please visit the site

    and provide the relevant policy information to enter the site and check the current status of your policy.

    You can track you application from the above link in case you have recently applied.

  • What is the policy renewal process for Ageas Federal Life child plans?

    As an existing Ageas customer, you can convert all your paper policies into e-Policy to conveniently pay online premiums for renewals. You can fill the e-Policy Conversion Form and submit it to your nearest Ageas Federal branch. Once done, the renewal process remains the same as paying premium online.
  • What is the company’s process to settle claim for Ageas Federal Life child plans?

    Ageas Federal Insurance company guarantees to settle your claims within 8 working days, provided all your documents are in order. For every delay thereafter, the company will pay a penalty charge of 8% to the beneficiary.

    The process is simple. Fill the suitable claims form and submit the medical bills and reports and other documents as requested by the company to the nearest branch. The claim amount will be directly deposited in your bank account.

  • What is the policy cancellation process for Ageas Federal Life child plans?

    It will take maximum 30 days for policy cancellation process. The Ageas policyholders must attach all the relevant policy documents along with a duly filled surrender form at any of the branch locations in their city. After receiving the documents and scrutinizing them, the refund is credited into the policyholder’s bank account as per the policy’s records, and the policy is cancelled.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Please note that the quotes shown will be from our partners
*Tax benefit is subject to changes in tax laws
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
#The lumpsum benefit is calculated if policyholder invested ₹10000 monthly for 10 years in the fund with a policy term of 20 years. This Point To Point past performance data of last 10 years has been used to illustrate a scenario for the customers benefit. It is assumed that the past 10 years returns would have also been delivered in last 20 years. This is not guaranteed and not in anyway indicative of what the customer may actually get 20 years from now. The investment is subject to market risk and the risk is borne by the policyholder.

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IDBI Federal Child Plans Reviews & Ratings

4 / 5 (Based on 14 Reviews)
(Showing Newest 10 reviews)
Aadhya
Patan, March 31, 2021
Compare the plans
I have compared the child insurance plan from the website of the policybazaar. I got the idbi federal child insurance plan. That is reasonable and less costly.
Monish
Nasik, March 30, 2021
Easy to buy
It is very easy to buy the idbi federal child insurance plan from the policybazaar. I bought this online and was amazing offer I got. Great.
Awani
Banki, March 16, 2021
Easy to get partial withdrawals
I bought this idbi federal child insurance plans 3 years back and it is easy to take out the partial withdrawals. I found it convenient and it can be used for medical and other purposes related for my child. Thank you so much.
Ankur
Ichalkaranji, March 09, 2021
Get best pay outs
I am happy to get the best pay outs at the time when my child’s insurance plan will be matured. I will be happy to give my child a best education and provide him whatever he deserves. All thanks to team of policybazaar.
Jyotsna
Calicut, June 23, 2016
Beneficial Policy
Can't find a particular insurance what I want but my friend advice work' perfectly. I purchase idbi federal child insurance plan which is very beneficial in future for my child. The premium is low and claims are high. Policy coverage is good. Service is fantastic which provided by the company members. Good policy good work.
Harshita
Kurukshetra, June 23, 2016
Trustworthy
I got very interesting policy in very low investment. The policy coverage is high and claims is best. Service is awesome, even the internet service is easy to operate and easily accessible by all. The behaviour of the staff members of the company is very nice and calm. Good child insurance plan for my child.
Gunjan
Kolkata, June 23, 2016
Great Insurance
Bought child insurance plan in very low premium. Policy coverage is high and claims are easy to sanction due to quick service provided by the members of the insurance company. The updates regarding insurance policy is mailed to my email address or text message to my cellphone.
Firoz
Gautam_buddha_nagar, June 23, 2016
Manageable Plan
The idbi federal child insurance plan is one of the best insurance. Service provided is remarkable. Policy coverage and claims are high and premium is low. Good policy terms and conditions and those are very reliable too. Good future security for the child and it reduces taxes too.
Divanshu
Howrah, June 23, 2016
Good Service
I buy child insurance plan for my only child in low premiums. Th policy is awesome with huge benefits like good policy coverage ~87%, Claims are high. Service facilitate by the executives and staff members is good and on time till date. Good future investment for my child. I like the insurance plan.
Saurabh
Bangalore, June 22, 2016
Future Security
My father gave me child insurance policy which he buy in my childhood. Now the policy is fulfilling my fee of further studies. Great insurance policy, the policy coverage is high and claims are unimaginable. Service is awesome and 24X7 working for customers. Easily sanctioned claims. I like the policy plan, thanks dad for this great gift.
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