Ageas Federal Life Insurance

Ageas Federal Life Insurance is a life insurance company in India that offers a wide range of protection, retirement, and capital management solutions to individual and corporate customers.

The Company is a joint venture of Ageas Bank, India’s premier industrial development bank, Federal Bank, a major Indian commercial bank and Ageas, a multinational insurance giant based out of Europe. In this venture, Ageas Bank owns 48% equity while Federal Bank and Ageas own 26% equity each.

Commenced it operations in 2008, Ageas Federal was able to achieve breakeven within just 5 years, thanks to the vast nationwide network of 2137 partner bank branches of Ageas Bank and Federal Bank. Mr. Mahesh Keni is the CEO of Ageas Federal Life Insurance Company Ltd.

IBDI Federal was recognized as the ‘Best Insurance Company in the Private Sector’ for the year 2013 -2014 at the Lokmat Banking, Financial Services & Insurance Awards.

In 2009, the company received the PMAA Awards for best Dealer/Sales force Activity, conferred with the status of ‘Master Brand 2012-13’ by the CMO Council USA and CMO Asia and EFFIE Award for effective advertising in 2011.

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

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.

Written By: PolicyBazaar - Updated: 26 March 2021

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Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

Average Rating

3.9 / 5

(Based on 36 Reviews)

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Ageas Federal Life Insurance

IDBI Federal Term Insurance Plans

IDBI Federal ULIP Plans

IDBI Federal Traditional Plans

IDBI Federal Child Plans

Ageas Federal Pension Plans

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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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