Ageas Federal Assured Income Plan

The Ageas Federal Assured Income Plan is a non-linked, non-participating life insurance plan structured to provide pre-defined income payouts after the premium payment term, along with financial protection during the policy term. The plan allows individuals to choose an income duration that aligns with specific life-stage needs, such as children’s education, retirement planning, or supplementary household income.

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Disclaimer: #The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.

Eligibility Criteria for the Ageas Federal Assured Income Plan

Below are the key eligibility criteria to consider before applying for the Ageas Federal Assured Income Plan:

Criteria Minimum Maximum
Age at Entry
  • Minimum Age at Entry: 1 year (for Short & Long Term)
  • 2 years (for some combinations)
60 years
Age at Maturity 18 years 100 years
Annualised Premium ₹30,000 (Yearly) No upper limit (subject to underwriting)
Premium Payment Term (PPT) 5 years 12 years
Policy Term
  • Short Term: 16, 18, 21, 23 years
  • Long Term: 36, 38 years
  • Lifelong: 100 minus Age at Entry
Premium Payment Mode Yearly
Plan Options Available Short Term
Income duration difference (10 / 25 / 30 / till 100)
Long Term & Lifelong Income Option
Income duration difference (10 / 25 / 30 / till 100)
Eligible Individuals Residents of India

Features of the Ageas Federal Assured Income Plan 

Below are the features of the Ageas Federal Assured Income Plan: 

  •  Guaranteed Regular Income: Once the premium payment period is over, the policyholder will begin to receive guaranteed regular income during the defined payout period as mentioned in the policy details.
  • Defined Income Structure: The amount of income and the time are fixed at the beginning of the policy. Such payouts can cover recurring financial commitments, such as household expenses or future planning needs, where the policy terms apply.
  •  Death Benefit: Upon the death of the life assured, within the term of the policy, the nominee will be entitled to the death benefit as indicated by the terms of the policy.
  • Guaranteed Maturity Booster (where applicable): If he survives until the end of the income payout period, a Guaranteed Maturity Booster equivalent to the total premiums paid (excluding taxes and rider premiums, if applicable) will be payable along with the final income instalment, subject to plan terms.
  • Tax Benefits: Tax benefits may be available on premiums paid under Section 80C and on benefits received under Section 10(10D) of the Income Tax Act, 1961, as amended from time to time, subject to applicable conditions.

You can compare some of the best investment plans to know which ones provide long-term income and security benefits. 

Benefits of the Ageas Federal Assured Income Plan

Let’s look at some of the benefits of the Assured Income Plan by Ageas Federal:

  • Income Benefit: The selected option provides you with scheduled income payments, which will deliver continuous financial assistance to you.
  • Maturity Benefit: The amount is paid to the policyholder on maturity if they survive the policy term.
  • Death Benefit: The insurance plan provides financial security to the family, ensuring financial protection for the nominee in the event of the life assured’s demise during the policy term.

The best guaranteed return plans help you build long-term savings and protection for stable and predictable returns.

Policy Details of the Ageas Federal Assured Income Plan

Let's understand some of the important policy details of the Assured Income Plan below:

  • Grace Period: The Grace period provides additional time for payment of the premiums after the premium due date elapses without penalty.
  • Revival: The policyholder may revive their lapsed policy by paying all outstanding premiums within the revival period.
  • Free Look Period: The Free Look Period gives the policyholder 15 days after delivery of the policy to review, which includes 30 days in the case of distance marketing.
  • Surrender: Upon surrender, a surrender value will be payable as per the policy terms, provided the policy has acquired surrender value.
  • Loan: A loan facility is available once the policy acquires a surrender value, subject to applicable terms and conditions.

It is always beneficial to understand the policy terms clearly before making a decision, especially while comparing with similar plans like the Ageas Federal Life Investment Plan.

Exclusions Under the Assured Income Plan

  • Suicidal Cover: In case of death due to suicide within 12 months from the date of commencement or revival of the policy, the benefit payable shall be as per the policy terms, typically limited to the higher of surrender value or total premiums paid (excluding taxes), subject to conditions.
  • Total Permanent Disability (TPD): The base plan does not include TPD coverage; it needs to be obtained through an additional rider.

This plan is offered under the broader category of savings plans, which are designed to combine life insurance protection with structured financial benefits. 

FAQs

  •  Is income payout frequency adjustable after the issue of a policy?

    No. The frequency of payment of income (annual or monthly, if applicable under the option chosen) has to be chosen when the policy is initiated and cannot be altered during the term of the policy.
  •  What will occur in case of premiums discontinuation after having paid one full-year premium?

    Provided that one year of full premiums has been paid, the policy may have a paid-up value, depending on the terms and conditions of the policy. The benefit shall then be decreased proportionately in accordance with the paid-up provisions.
  •  Does this offer plan a Guaranteed Maturity Booster benefit?

    Yes. A Guaranteed Maturity Booster, which is equivalent to the aggregate of the premiums that have been paid (less taxes and rider premiums, where applicable), is payable with the final income instalment in case of survival to the end of the income payout period.
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Disclaimer: Policybazaar Insurance Brokers Private Limited does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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IDBI Federal Traditional Plans Reviews & Ratings

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Good experience with pb. Process was little slow but i am happy with my plan
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˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar Insurance Brokers Private Limited does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^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

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