Ageas Federal Wealthsurance Future Star Insurance Plan is a Unit Linked child plan developed for the benefit of the child’s future. Under the plan, the policyholder can build a strong fund to take care of his child’s future requirements
Insurer pays premium in case of loss of life of parent
Create wealth for child’s aspirations
Tax Free maturity amount+
12+ plans available
Invest ₹10k/month your child will get ₹1 Cr Tax Free*
|
Minimum |
Maximum |
Entry Age (Last Birthday) |
18 years |
54 years |
Maturity Age (Last Birthday) |
28 years |
64 years |
Policy Term (PT) in years |
10 |
25 |
Premium Paying Term (PPT) in years |
5 |
Up to policy term |
Premium Paying Frequency |
Yearly |
|
Yearly Premium |
25,000 |
95,000 |
Sum Assured |
Higher of 10*annual premium or 0.5*term*annual premium for ages <45 yrs. Higher of 7*annual premium or 0.25*term*annual premium for ages>=45 yrs. |
PPT*2*annual premium up to a maximum of 15*annual premium for ages<54 yrs. 10/7*annual premium for ages >54 yrs. |
Illustration for a policy term of 10 years and PPT 10 years
Age |
30 years |
40 years |
50 years |
Premium |
30,000 |
30,000 |
30,000 |
Sum Assured |
300,000 |
300,000 |
300,000 |
Fund Value @ 4% |
324,984 |
316,739 |
290,671 |
Fund Value @ 8% |
404,446 |
394,583 |
362,733 |
Loyalty Additions @ 4% |
8328 |
8136 |
7498 |
Loyalty Additions @ 8% |
9987 |
9764 |
9007 |
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.
You May like to Read: Ageas Federal Life Child Plans |
†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. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
*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
^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.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
~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.