Ageas Federal Childsurance Savings Protection Insurance Plan

Ageas Federal Childsurance Savings Protection Insurance Plan is a traditional participating child plan which takes care of the child’s needs even if the parent is not around.

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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6.7 Crore
Registered Consumers
51
Insurance Partners
3.4 Crore
Policies Sold

Key Features

  • It is a participating plan with limited and regular premium payment option

  • Guaranteed Annual Payouts and bonuses boost the corpus

  • The term of the annual payouts depend on the policy term

Benefits

  • Guaranteed Annual Payouts are paid out in the last 3 years @ 20%, 20% and 60% of the Maturity Sum Assured or in the last 5 years @ 20% every year

  • On maturity, the last instalment of the Annual Payouts along with the vested reversionary bonuses + terminal bonus, if any, is paid to the policyholder.

  • On death of the policyholder, the death SA is paid immediately. Future premiums are waived off and are taken care of by the company.

  • The child will receive the Guaranteed Annual Payouts as usual even if the policyholder is not around

  • Vested Reversionary bonuses and terminal bonus, if any, is paid at the end of the policy term

  • The Death Sum Assured is defined as the higher of the maturity SA or 10 / 7  times the annual premium

  • Income tax benefit on the premium paid as per Section 80C and on the claims received as per Section 10(10D) of the Income Tax Act.

Product Specification:

  Minimum Maximum
Entry Age (Last Birthday) 18 years 40 years for Regular Pay
50 years for Limited Pay
Entry Age of Child (Last Birthday) One month 18 years
Maturity Age (Last Birthday) 28 years 65 years for Regular Pay
75 years for Limited Pay
Policy Term (PT) in years 10 25
Premium Paying Term (PPT) in years Equal to policy term in Regular Pay
Policy Term – 5 years for Limited Pay
Premium Paying Frequency Annual and monthly
Yearly Premium 10,000 No limit
Sum Assured Depends on the minimum premium chosen, age and term No limit
Investment Investment
Secure Secure
Child Banner
Secure your child’s future with or without you
Start Investing
₹10,000/Month
& Get
₹1 Crore*
*Standard T & C Apply

Details About Premium

Annual premium in Rupees for a Sum Assured of 5 lakhs

Age Policy Term/PPT Sum Assured Premium
30 years 10 / 10 250,000 26,988
40 years 10 / 10 250,000 27,463

Policy Details

  • Grace Period: 15 days’ grace period is allowed for premium payment in monthly mode and 30 days in annual mode. If policyholder fails to make payment within the grace period, the policy lapses

  • Policy Termination or Surrender Benefit: Policyholder is allowed to surrender the policy after 2/3 full years’ premium has been paid. The Surrender Value will be higher of the Guaranteed Surrender Value or the Special Surrender Value.

  • GSV = GSV Factor * Basic premiums paid including the GSV of Vested Bonuses

  • Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim.

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 *

Inclusions

Loan is not available under the plan

Additional Features or Riders

Discount in premium for female lives

Exclusions

In case of suicide committed within 12 months of policy inception only 80% of premiums paid are returned to the nominee. In case of suicide within 12 months of revival, higher of 80% of premiums paid or acquired Surrender Value is paid.

Documents Required

Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history along with the address proof and other KYC documents. Medical examination may be required in some cases, based on the sum assured and the age of the person.

*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.

Child Plan

Investment

Child Plan

Secure

Secure your Child’s
Career Goal
Start Investing ₹10,000/Month
& Get ₹1 Crore*
*Standard T & C Apply
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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