Ageas Federal Lifesurance Whole Life Savings Insurance Plan

Ageas Federal Lifesurance Whole Life Savings Insurance Plan is a whole life plan covering the policyholder till 100 years thereby taking care of protection requirement throughout the life of the individual

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17.3 Crore
Registered Consumer
55
Insurance Partners
7.7 Crore
Policies Sold
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.

Key Features

  • This plan is a participating traditional Whole life plan with limited premium payment term
  • The individual is covered up to age 100  years
  • Lump sum amount paid at the end of PPT and another at policy anniversary after the policyholder reaches 100 years of age
  • Guaranteed Additions  and Non-Guaranteed reversionary bonuses grow the corpus

Benefits

  • The Guaranteed Additions are paid for the first 5 policy years @ 5% of the Sum Assured
  • On survival till the end of PPT, the Sum Assured + vested Guaranteed Additions + accrued Reversionary bonuses is paid
  • Reversionary bonus is paid from the 6th policy year till the end of term
  • On death the Sum Assured on death +vested Guaranteed Additions + Accrued bonuses + terminal bonus, if any, is paid to the nominee
  • On the policy anniversary after reaching 100 years, (higher of the guaranteed SA or 10 times the annual premium or 105% of premiums paid) +vested bonuses from the end of PPT till 100 years + terminal bonus, if any is paid
  • Income tax benefit under Sections 80C and 10(10D) for premiums paid and claims received respectively

Product Specification:

 

Minimum

Maximum

Entry Age (Last Birthday)

18 years

55 years

Maturity Age (Last Birthday)

-

100 years

Policy Term (PT) in years

100 – Entry Age

Premium Paying Term (PPT) in years

12

30

Premium Paying Frequency

Annual, Half-yearly, quarterly, monthly

Yearly Premium

12,000

No limit

Sum Assured

Depends on entry age and PPT

No limit

Policy Details

Grace Period: 15 days grace period is allowed for payment of premium in monthly mode and 30 days for annual and half-yearly mode. If policyholder fails to make payment within the grace period, the policy lapses

Policy Termination or Surrender Benefit: the policy can be surrendered anytime if 3 full years’ premium has been paid. The Surrender value will be higher of the Guaranteed Surrender Value (GSV) or Special Surrender Value (SSV)

GSV = % of Premiums + % of vested bonuses till PPT and after PPT

Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim.

Inclusions

  • The policy provides loan facility of up to 85% of the Surrender value with a minimum amount of Rs.5000

Additional Features or Riders

  • There is the option of availing Accidental Death Benefit Rider
  • High Sum Assured discounts for higher coverages
  • Discount in premium for female lives

Exclusions

  • In case of suicide within 12 months from inception, 80% of total premiums paid is returned and within 12 months of revival, higher of 80% of total premiums paid or acquired Surrender Value is paid to the nominee
  • In case of the Accidental rider, benefit is not payable for death from accidents which are self-inflicted or due to civil commotions, riots, war, participation in hazardous sport activities, criminal activities, aviation, etc.

Documents Required

Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history along with the address proof and other KYC documents. Medical examination may be required in some cases, based on the sum assured and the age of the person.

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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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(Based on 1274 Reviews)

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IDBI Federal Traditional Plans Reviews & Ratings

4.6 / 5 (Based on 1274 Reviews)
(Showing Newest 10 reviews)
Nishant
New Zealand, November 05, 2026
★★★★★
Overall Service Experience
Good experience with pb. Process was little slow but i am happy with my plan
Devang
Australia, November 05, 2026
★★★★★
Support for First-Time NRI Investor
This was my first time buying investment plan from abroad and policybazaar helped me. Good policy they gave me
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Canada, November 02, 2026
★★★★★
Reviewing Policy Terms
Kotak einvest plus is what i picked after almost a week of comparing plans policybazaars comparison tool actually helped a lot saved me time no regrets so far
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UK, November 02, 2026
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NRI Investment Enquiry
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USA, November 02, 2026
★★★★★
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I got clear answers to my doubts. It was helpful to get guidance without visiting India. kudos
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Chennai, November 02, 2026
★★★★★
Savings While Working Abroad
I wanted to keep investing in India while working overseas. The online assistance was useful and helped me understand the process.
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Bhopal, October 31, 2026
★★★★★
Very Pleased With Service
Bharti axa efuture invest plan policybazaar advisor helped me understand fund allocation properly which i was struggling with on my own overall a good experience buying this ulip
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Ranchi, October 30, 2026
★★★★★
Fine Plan So Far
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Indore, October 29, 2026
★★★★★
Amazing Support Throughout
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Argentina, October 28, 2026
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Planning for Future Needs
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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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