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.

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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

  • 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?

    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?

    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.

  • 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

  • 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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(Based on 36 Reviews)
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Ageas Federal Life Insurance Reviews & Ratings

3.9 / 5 (Based on 38 Reviews)
(Showing Newest 25 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.
Manvi
Manvi, March 10, 2021
Best insurance plans
With the help of the idbi federal life insurance plan I have bought from the policybazaar site. A very good place and thus a very good plan. I found various features under my plan which has been a wonderful thing to me and my family. Thank you team.
Nirmal
Bheden, March 09, 2021
Happy customer
I am one of the happiest customer of policybazaar and have bought the idbi federal life insurance policy. It has been a wonderful thing to me to buy the best life insurance plan. I am thankful to whole team of policybazaar.
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.
Sarthak
Jambughoda, March 02, 2021
Affordable plans at one place
I am happy that I got the best term insurance plan from the policybazaar and that too affordable in nature. I bought the term plan of idbi federal term insurance. Great work team policybazaar.
Lucky
Bagalkot, February 19, 2021
Get free quotes
I have got to know about free quotes related to my term insurance plans. I recently bought a term insurance plan from idbi federal life term insurance plan. Thanks to team of policybazaar and idbi federal term company.
Amit
Ampati, March 19, 2019
Partial withdrawals benefit
I Thanks to IDBI Fedral for providing interesting ULIP Plans. As I can avail partial withdrawals benefit after completing 5 yr. of policy.
Ishita
Pilani, August 25, 2016
ULIP Plan
Recently buy a ulip insurance policy from idbi federal insurance in low investment. Policy cover maximum expenditure of all the cases and scenarios. Claims are high and simple to clear. Good future investment and it reduces my taxes too.
Tarun
Kanpur, August 25, 2016
Traditional Policy
The traditional plan of idbi federal insurance is great with big benefits. Policy coverage is good approx. 89% and claims are high. Service facilitate by the staff members is fantastic with good behaviour. Updates are mailed regularly to me and online portal makes easy renewals of the insurance policy.
Naman
Indore, August 25, 2016
IDBI Insurance Policy
I have purchase term insurance policy from idbi federal insurance. Service is fast and behaviour of the company members towards customer is very nice. Policy coverage and claims are high. Claiming become more easy due to quick service given by the executives.
Saurabh
Gudari, July 11, 2016
Pension Policy
My pension plan is superb and it come in low investment. The policy coverage is high and claims are even better which can be sanctioned by staff members. Service is nice and the online portal service given by the company is easy to operate.
Lalit
Aligarh, June 29, 2016
Good Plan
I buy pension plan and the premium is low but the paybacks are huge. The policy coverage is high and claims are good. Service is nice provided by the company member's. Good future security and it cover's many cases. Online service is also good with easy interface. Accidental death benefits for the policyholder and the family.
Dinesh
Mathura, June 23, 2016
Not Satisfactory
The insurance policy I have is not as I expected. The premium is high and returns are not. Service is bit slow and policy coverage is less around 67%. Claims are low and not easy to clear the claims. Please improve the insurance policy. And, yes online services too.
Saahir
Jaipur, June 23, 2016
Better Plan
My son buy me a pension plan which is really nice, I know this after I read the policy documents. The premium is low and returns is much. Service facilitate by the company members is fantastic. Good future investment, I like the insurance plan. Daily updates are mailed which makes easy upgradations in the policy.
Akash
Gwalior, June 23, 2016
Satisfactory
Super policy from idbi federal life insurance. The service is supersonic fast and the premium is low. The behaviour of the members and staff of the company is very nice. Good future investment which save taxes too. Policy coverage is high and claims are easily cleared due to fat service.
Eshani
Dwarakanagar, June 23, 2016
Coverage Is Good
Having great deal and awesome pension plan which facilitate me best service. The updates are send or texted to me. Internet service is good and easy to access. Claims are good and easily cleared due fast service. Premium is low and policy coverage is high.
Ratika
Mysore, June 23, 2016
Fair Insurance Policy
The pension plan provide's me many advantages like it has a accidental death benefits. The policy cover's more conditions and premium is low. Claims are high and easily sanctioned due to fast service provided by the executives. Finally tension free for the future.
Tanishk
Chaksu, June 23, 2016
Manageable Plan
My pension plan is the best future security and my decision I make for secure future and safe life. Policy provides many benefits like low premiums and paybacks are high. Policy coverage is high and claims are better. Service is bit slow but it will be manageable. The documentation is hassle free and easy interface of the online services.
Yajan
Mumbai, June 23, 2016
Average
I own pension plan from idbi federal insurance for my parents. The policy coverage is high approx. 90% and many more benefits. Service from your side is fabulous and cooperation of the staff members is very nice. Updates are send time to time to me about insurance policy. Good investment and secure future.
Uttam
Bangalore, June 23, 2016
Nice Policy
Finally got the pension plan for my grandfather in very low investment and even the premiums are also low. The policy covers many cases like medical emergencies and of course it return a good amount per month after policy get mature. Service is great and good investment for future. I like it.
Ishant
Ahmedabad, June 23, 2016
Good
I purchase idbi federal pension plan in very low premium. The service is fast and on time. Good policy coverage and its claims are really attractive. The behaviour of the executives and staff of the company is very nice and calm nature. Good future investment which reduces taxes too. Updates are also mailed to me regularly.
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.
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