Ageas Federal Life Insurance Super Cash Plan

Eligibility Criteria for the Ageas Federal Life Insurance Super Cash Plan

Features and Benefits Under the Ageas Federal Life Insurance Super Cash Plan

Below are the features and benefits of the Ageas Federal Life Insurance Super Cash plan are as follows:

1. Survival Benefit:

   Guaranteed Income is paid in the 1st policy year as well as Cash Bonus (when preclaimed) and Guaranteed Boosters on the 5th year. These payments will be made over the policy term as per the current rates and policy terms and conditions.

2. Maturity Benefit:

   The Sum Assured on Maturity is paid out on survival until the end of the policy term, together with Terminal Bonus (when declared). The policy expires at the maturity payout.

3. Death Benefit:

   The nominee is allowed to take the amount of:

   • Sum Assured on Death, 
   • Sum Assured on Maturity, or 
   • 10 x Annualised Premium, 

   Along with the minimum amount of what the nominee paid being 105% of the total premiums paid. 

4. Save the Date Option:

   Allows survival payouts to match a selected special date, and payouts with relevant interest. After the mode of payout is chosen, it cannot be altered to another one.

   Consider exploring some of the best Guaranteed Return Plans if you're looking for a more conventional savings approach with guaranteed returns and comprehensive coverage.

Illustration for the Ageas Federal Life Insurance Super Cash Plan

Mrs. Sarika Jain, aged 40 years, purchased the plan to secure a regular income and long-term financial stability. Based on her chosen policy terms, the plan provides:

• Regular fixed income paid annually, semi-annually, or monthly.
• Annual bonuses are paid at the selected payout frequency.
• Savings increase with additions every five years.
• Sum Assured on Maturity along with applicable terminal bonuses.
• In case of her demise, the nominee receives death benefits and applicable bonuses as per the policy terms.

For those interested in building long-term wealth, you can also opt for the savings plan as a secure investment option alongside the Ageas Federal Life Insurance Super Cash Plan.

Policy Details of the Ageas Federal Life Insurance Super Cash Plan

• Eligibility: It is available for ages 0-60 years (without Uninterrupted Income Benefit) and 18-55 years (with Uninterrupted Income Benefit), and the policy term is 15-60 years.
• Premium Payment: Annual, semi-annual and monthly payments starting with the premium amount of Rs. 50,000 and the sum assured of Rs. 5,00,000.
• Guaranteed Benefits: Involves guaranteed income, cash bonuses and guaranteed boosters after every 5 years to increase savings.
• Flexible Features: The optional benefits as Uninterrupted Income Benefit (UIB) and Premium Offset, are provided to add additional security and flexibility to the benefit in case of unexpected events.

While you secure your family's immediate needs, you can explore various types of benefits and options to learn more about Ageas Federal Life Investment Plans tailored to suit your needs.

Exclusions Under the Ageas Federal Life Insurance Super Cash Plan

• Suicidal Cover: In case of death by suicide, and within 12 months of the start or revival of the policy, the amount paid is 80% of all the premiums paid or the amount in the available surrender value, whichever is greater.
• Total Permanent Disability (TPD): Exclusions can be made based on the terms of the policy.