Ageas Federal Life Insurance

Ageas Federal Life Insurance: An Overview

Ageas Federal Life Insurance began operations in 2008 and reached break-even within 5 years, driven by steady growth and innovation. The company has a strong presence across India through 3,200+ bank branches and a wide network of advisors. As of March 2020, it has issued around 13 lakh policies with a sum assured of nearly ₹98,700 crores and manages over ₹10,000 crores in assets.

It has insured over 5 M lives, sold 1.9 M policies, operates 75+ branches in India, and is supported by 5 K agents nationwide. The company is led by CEO Vighnesh Shahane and is associated with Sachin Tendulkar as brand ambassador, strengthening its market presence and trust.

Life Insurance Plans Offered by Ageas Federal Life Insurance

Ageas Federal Life Insurance offers a variety of insurance products to help customers get coverage that fits their needs. Below are all the types of life insurace plans offered by Ageas Federal Life Insurance:

Ageas Federal Term Plans:

Ageas Federal term insurance is an affordable life insurance policy that provides high financial protection to a nominee if the insured passes away unexpectedly during the policy term. These plans, backed by Ageas and Federal Bank, offer flexible coverage options, including return of premium (ROP). Term Insurance plans offered by Ageas Federal are:

Ageas Federal ULIP Plans:

Ageas Federal ULIP plans are hybrid financial products combining life insurance coverage with market-linked investment opportunities. They enable wealth creation by investing premiums in equity, debt, or balanced funds, while providing life cover, offering tax benefits, and catering to long-term goals such as retirement or education. ULIP Plans offered by Ageas Federal are:

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Ageas Federal Retirement Plans

Ageas Federal Retirement and Pension Plans are financial products designed to build a steady income stream for post-employment, combining savings with life insurance protection. Retirement Plans offered by Ageas Federal are:

Ageas Federal Child Plans

Ageas Federal child insurance plans are specialised life insurance products designed to secure a child's future educational milestones. They combine life insurance protection for parents with savings components, offering a lump-sum payout and a premium waiver if the parent passes away unexpectedly. Child Plan offered by Ageas Federal is:

Benefits of Buying Ageas Federal Life Insurance

• Financial Security
  The company offers high life cover at affordable premiums, ensuring your family remains financially protected in the event of an unforeseen event.

• Flexibility in Plans
  It offers multiple premium payment options such as monthly, quarterly, yearly, and limited pay, making it easier to manage payments based on your income cycle.

• Diverse Product Range
  A wide range of solutions, including term, savings, child, and retirement plans, helps customers choose policies based on specific life goals.

• Tax Advantages
  Premiums qualify for tax deductions under Section 80C, while eligible payouts can be tax-free under Section 10(10D) as per current tax laws.

• Riders & Special Features
  Additional riders, such as critical illness and accidental death cover, enhance protection, while features like increasing cover and joint life options add more flexibility and value.

How to Buy Life Insurance Online from Policybazaar in 2026?

Follow the steps below to buy Life Insurance online from Policybazaar in 2026:

Step 1: Go to the Policybazaar life insurance page.

Step 2: Choose the type of life insurance you want, such as term insurance, ULIP, child plan, or retirement plan.

Step 3: Enter your basic details, including name, gender, date of birth, and mobile number.

Step 4: Provide additional information, such as occupation type, educational qualification, smoking habits, and annual income, to get accurate premium quotes.

Step 5: Browse the Life insurance plans, select the one that suits your needs, and proceed to pay online.

What Documents are Required to Buy Ageas Life Insurance?

• Government-approved identity proofs: Aadhar card, PAN card, passport, voter ID, driving license, etc.

• Address proof: PAN card, Adhaar card, driving license, voter ID, passport, etc

• Proof of income: Salary income, ITR/Form 16, bank statement, audited company accounts of last 3 years, CA certificate, rent receipts, mandi receipts, indian/foreign bank statements

• KYC documents: Insurance policy contracts with companies, insurance contracts with partnership firms, insurance contracts with trusts and foundations, insurance contracts with HUFs

Claim Settlement Process of Ageas Federal Life Insurance

• Claim Intimation
  The nominee must first inform the company of the life assured's death via the branch, email, or toll-free number. One can also intimate the company by filing an online claim. Basic details, such as policy number, name, date of death, and cause of death, are required to initiate the claim process.

• Document Submission
  The claimant submits the required documents, including the death certificate, the original policy document, ID and address proof of the nominee, medical records, and bank details for payout.

• Verification of Documents
  The insurance company verifies all submitted documents. In some cases, additional clarification or field verification may be carried out to validate the claim.

• Claim Assessment & Decision
  Once verification is complete, the claim is assessed as per policy terms. If everything is in order, the claim is approved; otherwise, additional documents may be requested.

• Claim Settlement
  After approval, the claim amount is directly transferred to the nominee's registered bank account. The process is completed within the regulatory timelines prescribed by IRDAI.

Mandatory documents to file a claim

• A Death Certificate issued by a local government body.

• A Claim Form duly signed by the claimant.

• KYC and Bank Details of the nominee.

• PAN Card of the beneficiary or Form 97 if the PAN Card is not available.

• The Original Policy Document.

• Open Title Documents (if applicable, in the absence of or demise of the beneficiary).

• For Group MRTA claims: The Outstanding Loan Schedule.

How to pay Ageas Federal Premium online?

You can pay Ageas Federal Life Insurance premiums online through their official website using the "Pay Premium" section with your policy number and date of birth. 

Steps to Pay Online on the Official Website

Step 1: Visit the Ageas Federal Pay Premium page.

Step 2: Enter your Policy Number and the Date of Birth (DOB) of the policyholder.

Step 3: Enter the characters shown in the captcha.

Step 4: Click "Continue" and proceed to payment using net banking, credit card, debit card, or UPI.

You can also pay your Ageas Federal Life Insurance premium online through other options, including using the Instapay portal, Net Banking (FedNet), AutoDebit, etc

Pay through Instapay (Bank / App route)

• Log in to your bank website or mobile app

• Go to Bill Pay / Utility / Instapay

• Select Insurance payment

• Choose Ageas Federal Life Insurance

• Enter your policy number + DOB

• Verify details and complete payment

Pay through Auto Debit (NACH / eNACH)

• Download the NACH form from the website

• Fill and submit it to the Ageas Federal head office

• Or register online via eNACH

• Premium gets auto-debited on the due date

Pay at the Ageas Federal Branch

• Visit the Ageas Federal branch/partner bank (IDBI or Federal Bank)

• Pay using:

  • Cheque

  • Demand Draft

  • Debit/Credit card

  • Cash (at select branches)

Pay through CSC (Common Service Centres)

• Visit the nearest CSC outlet

• Pay a premium in cash (up to ₹49,999)

How to Contact Ageas Federal Life Insurance?

You can reach the company at 1800 209 0502 for policy and claim-related assistance. While calling, keep details of the life assured, such as policy number, name, date of death, and cause of death, ready so the support team can guide you through the claim process.

For written communication, you can email support@ageasfederal.com with the required details and documents. Your request will be registered in the C2S2 system and an acknowledgement will be sent once it is received.

You can also visit the nearest branch for in-person assistance. Branch details can be found on the official website using the branch locator, where you can select your city and get the nearest office address for support.

Ageas Federal Life Insurance - FAQs