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Ageas Federal Life Insurance
Ageas Federal Life Insurance Co. Ltd (previously recognized as IDBI Federal Life Insurance Co Ltd) is one of the fastest-growing life insurance organizations in India. The company provides a vast range of retirement, wealth management, and protection solutions to corporate customers and individuals. Ageas Federal Life Insurance Co Ltd is a joint venture of IDBI Bank, India’s premier commercial and premier development bank, and Federal Bank, a leading bank of India in the private sector, and Ageas, a multinational insurance company of Europe.
Get ₹1 Cr. Life Cover at just ₹449/month*
Ageas Federal Life Insurance
No medical
checkup required
checkup required
Covers
COVID-19
COVID-19
Tax Benefit
Upto Rs. 46800
Life Cover Till Age
99 Years
8 Lakh+
Happy Customers
*Tax benefit is subject to changes in tax laws.
**All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
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Life Insurance
- Ageas Federal Life Insurance
Ages Federal Life Insurance Company started its operations in 2008 and was able to achieve get in the state of no profit and no loss within just five years. The passion for growth and innovation helped the company to achieve this feat. Ageas Federal Life Insurance has a presence across India through 3,200 nationwide branches of IDBI Bank and Federal Bank and an ample network of its partners and advisors. As of 31st March 2020, it has issued approximately 13 lakh policies with a SA (Sum Assured) of around Rs. 98,700 crores. The entire assets under management of Ageas Federal Life Insurance are over Rs. 10,000 crores and a robust capital base of over 800 crores, as of March 31, 2020.
Mr. Vighnesh Shahane is currently the Managing Director & Chief Executive Officer of Ageas Federal Life Insurance Co. Ltd. The Company has partnered with legendary cricketer, Sachin Tendulkar as the Brand Ambassador.
In a survey by Great Place to Work®, Ageas Federal Life Insurance was acknowledged as ‘India’s Best Workplaces in BFSI 2020 - Top 25’. ET Brand equity recognized this company under ‘Top 10 Most Trusted Life Insurance Brands’ in the country in 2017 and 2018.
In 2019, ASSOCHAM honored the Company with the Service Provider of the Year award at the ASSOCHAM Insurance Leaders Meet 2019 & Excellence Awards. The Company also received the award for Growth in Life Insurance at the ‘Emerging Asia Insurance Awards & Conclave 2018’ organized by the Indian Chamber of Commerce.
Product Portfolio
Ageas Federal Term Plans:
These term insurance plans help you plan for financial protection for your family in case of an unfortunate event. These are cheapest form of life insurance plans.
- Ageas Federal Termsurance® Group Insurance Plan
- Ageas Federal Termsurance® Sampoorn Suraksha Micro-insurance Plan
Ageas Federal ULIP Plans:
These are wealth plans with life insurance benefits which ensure that your wealth-building efforts remain unaffected in unforeseen events and your financial goals can still be achieved.
- Ageas Federal Wealthsurance® Growth Insurance Plan Single Premium
Ageas Federal Investment Plans:
These are low risk investment plans which provide you a guaranteed amount on maturity and help you plan for your life’s goals
- Incomesurance™ Guaranteed Money Back Insurance Plan (UIN No. 135N031V01)
- Ageas Federal Lifesurance® Savings Insurance Plan (UIN: 135N029V01)
- Ageas Federal Lifesurance® Whole Life Savings Insurance Plan (UIN 135N035V01)
- Ageas Federal Wealthsurance® Growth Insurance Plan (UIN:135L036V01)
- Wealthsurance® Suvidha Growth Insurance Plan
Ageas Federal Child Plans:
- Ageas Federal Wealthsurance® Future Star Insurance Plan
- Childsurance® Savings Protection Insurance Plan
Ageas Federal Pension Plans:
- Ageas Federal Retiresurance® Group Insurance Plan
Compare all Ageas Federal life insurance plans from other life insurance companies in India to get the insurance plan that suits you most.
Ageas Federal Life Insurance Distribution Network:
Ageas Federal Life Insurance Company offers its services through a vast nationwide network across the branches of Ageas Bank and Federal Bank in addition to a sizeable network of advisors and partners.
Ageas Federal Life Insurance - FAQs
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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.
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How can I check policy status?
As a registered user, please visit the siteand 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.
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What is the policy renewal process?
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?
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.
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What is the policy cancellation process?
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.
Ageas Federal Life Insurance - Latest News
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IDBI Federal Life Insurance is Now Ageas Federal Life Insurance
IDB Federal Life Insurance has recently changed its name, and now it is known as Ageas Federal Life Insurance. The company has also launched a new brand campaign headed by one of the legendary cricketers and its brand ambassador, Sachin Tendulkar.
Under this campaign, the fresh and bold look of the company is showcased while retaining its deep-rooted values. These values of the company guide it through despite its transformation. It as well establishes the Ageas Federal Life Insurance brand as a forward-thinking and positive company. It as well shows Ageas Federal Life Insurance as a brand that inspires people to live fearlessly by using its Life Insurance and financial planning solutions. -
Ageas Federal to Operate from Mumbai soon; Buys New Office Space at Lower Parel
Ageas Federal Life Insurance has bought new office space worth over Rs. 111 Crore in Mumbai. The space of 62, 000 sq ft comprises two floors (22nd and 23rd) of the building that has 26 floors in total, located at Marathon Futurex Complex (nearby Lower Parel). The company has successfully made it to the deal, which was under process since last week. It can easily accommodate a sum of 450 employees. The operations will soon begin from the brand new office in Mumbai, which the company has already acquired in line with the growth strategy being implemented. The deal price stands at Rs. 18, 000 per sq ft, which remains within the current property rates for all immediate transactions. The current rates of property in the particular region of Lower Parel, Mumbai are ranging from Rs. 18, 000 to Rs. 20, 000, including all commercial facilities and profiles in the region.
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