Ageas Federal Wealthsurance Suvidha Growth Insurance Plan

Ageas Federal Wealth insurance Suvidha Growth Insurance Plan is a Unit Linked plan through which the policyholder can reap the benefits of market growth and life insurance together under a single plan.

kapil-sharma
  • 4.8~ Rated
  • 7.7 Crore Registered Consumer
  • 50 Partners Insurance Partners
  • 4.2 Crore Policies Sold

Investment Plans

  • Guaranteed Tax Savings^Under sec 80C & 10(10D)
  • Under sec 80C & 10(10D)Invest ₹10k Per Month*
  • Zero LTCG Tax^
Buy Online & Get upto 4% extra#
Get Guaranteed returns along with life cover
invest in 100% Guaranteed Return Plans Tax benefits under sec 80C & No Tax on returns*
+91
Secure
We don’t spam
Please wait. We Are Processing..
Your personal information is secure with us
Plans available only for people of Indian origin By clicking on "View Plans" you agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs
Get Updates on WhatsApp
We are rated~
rating
7.7 Crore
Registered Consumer
50
Insurance Partners
4.2 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.

Ageas Federal Wealth insurance Suvidha Growth Insurance - Key Features

  • As a ULIP Plan it provides an option of limited or regular option for payment of premium.
  • The fund value is boosted by guaranteed loyalty additions.

The plan provides 2 fund options for investment: 

    • Equity Growth Fund
    • Income Fund 

The life insured can invest in any of the fund option according to their own choice or choose the systematic allocator option which initially invests 95% of the allocated premium in the income fund and gradually over the term, the percent is shifted to equity fund. 

Ageas Federal Wealth insurance Suvidha Growth Insurance - Benefits

  • On the maturity of the policy, the policyholder receives the entire fund value.
  • The insured person may exercise the settlement option and can use the maturity fund value in instalments post maturity in a period of 5 years.
  •  At the end of 10th year of the policy and after that in every 5 years a guaranteed loyalty addition at an average fund value of 3 % over the last 3 years is paid to the insured.
  • On demise, higher of the basic sum assured or the fund value subject to a minimum of 105% of the total premiums paid is payable to the nominee.
  • The insured can save on taxes on the premium paid and the claim received as per section 80C and 10(10D) of Income Tax Act. 
 

Ageas Federal Wealth insurance Suvidha Growth Insurance - Product Specification:

 

Minimum

Maximum

Entry Age (Last Birthday)

1 month

 65 years

Maturity Age (Last Birthday)

18 years

75 years

Policy Term (PT) in years

10

20

Premium Paying Term (PPT) in years

10

Up to policy term

Premium Paying Frequency

Yearly

Yearly Premium

15,000

25,000

Sum Assured

10* annual premium

 

Illustration for a policy term of 10 years and PPT 10 years 

Age

35 years

45 years

Premium

20,000

20,000

Sum Assured

200,000

200,000

Fund Value @ 4%

218,862

214,732

Fund Value @ 8%

272,642

268,108

Total Guaranteed Loyalty Additions @ 4%

5597

5485

Total Guaranteed Loyalty Additions @ 8%

6721

6601

Ageas Federal Wealth insurance Suvidha Growth Insurance - Policy Details

Grace Period: The insured can clear all dues within the grace period of 30 days provided by the insurer to the policy owner. If, the insurance holder fails to pay the premium within the given time then the policy discontinues.  

Policy Termination or Surrender Benefit: The insured can surrender the policy once the 5 years of the policy is completed. If you surrender before the completion of 5 years, the fund value will be transferred to the discontinued policy fund. However, the discontinuation charge will be deducted from the fund value. In the discontinued policy fund, your money will be earning minimum 4% per annum growth. Once the 5 year of the policy is completed the fund value in discontinuation policy fund will be paid to the insured. After completion of 5 years, if the policy is surrender then the total fund value on the date will be paid to the insured without any charges. 

Free Look Period: If you are not pleased with the policy’s terms and conditions and coverage, you can opt for cancellation of the policy within 15 days of issuing of the policy documents, provided there has been no claim. 

Inclusion

  • The insured can do partial withdrawal after 5 policy years with a fund value of minimum Rs10,000 and a maximum 20%.
  • In order to change between the chosen funds an unlimited free switches are allowed.
  • The plan provides the facility of premium redirection to redirect the future premium.

Exclusions

 The profit paid in case of suicide within a year of policy issued is the fund value as on that date. 

You may also Compare: Ageas Federal Life Investment Plans

Documents Required 

Policyholder has to fill up an Application 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.

FAQ's

  • Q. What are the special features of the policy

    A. The features offered by the policy are-
    • As a ULIP Plan it provides an option of limited or regular option for payment of premium.
    • The fund value is boosted by guaranteed loyalty additions.
    The plan provides 2 fund options for investment:
    • Equity Growth Fund
    • Income Fund 
    The life insured can invest in any of the fund option according to their own choice or choose the systematic allocator option which initially invests 95% of the allocated premium in the income fund and gradually over the term, the percent is shifted to equity fund.
  • Q. What are the benefits offered by the plan

    A. The benefits that can be availed under the plan are-
    • On the maturity of the policy, the policyholder receives the entire fund value.
    • The insured person may exercise the settlement option and can use the maturity fund value in instalments post maturity in a period of 5 years.
    •  At the end of 10th year of the policy and after that in every 5 years a guaranteed loyalty addition at an average fund value of 3 % over the last 3 years is paid to the insured.
    • On demise, higher of the basic sum assured or the fund value subject to a minimum of 105% of the total premiums paid is payable to the nominee.
    • The insured can save on taxes on the premium paid and the claim received as per section 80C and 10(10D) of Income Tax Act. 
  • Q. What are the policy termination and surrender benefits offered by the policy

    A. The insured can surrender the policy once the 5 years of the policy is completed. If you surrender before the completion of 5 years, the fund value will be transferred to the discontinued policy fund. However, the discontinuation charge will be deducted from the fund value. In the discontinued policy fund, your money will be earning minimum 4% per annum growth. Once the 5 year of the policy is completed the fund value in discontinuation policy fund will be paid to the insured. After completion of 5 years, if the policy is surrender then the total fund value on the date will be paid to the insured without any charges. 
  • Q. What is excluded and included under the policy coverage

    A. Inclusion
    • The insured can do partial withdrawal after 5 policy years with a fund value of minimum Rs10,000 and a maximum 20%.
    • In order to change between the chosen funds an unlimited free switches are allowed.
    • The plan provides the facility of premium redirection to redirect the future premium.
    Exclusions
    The profit paid in case of suicide within a year of policy issued is the fund value as on that date.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Please note that the quotes shown will be from our partners
^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

Investment Plan
Insurers Offering Guaranteed Return Plans

Max Life

Bajaj Allianz

Tata AIA

Aditya Birla Sun Life

HDFC Life

Bharti AXA Life

Canara HSBC

Edelweiss Life

Bandhan Life

SBI Life

Aviva

Future Generali

IDBI Federal

IndiaFirst

Kotak Life

PNB MetLife

Pramerica Life

Reliance Life

Sahara Life

Star Union

View more insurers
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Invest More Get More!
You Get
₹1 Crores*
You Invest
₹10K/month
You Get
₹80 Lakhs*
You Invest
₹8K/month
You Get
₹50 Lakhs*
You Invest
₹5K/month
Investment Plan 3

Investment plans articles

Recent Articles
Popular Articles
ICICI Compound Interest Calculator

20 Nov 2024

The ICICI Compound Interest Calculator is a valuable financial
Read more
Types of Investment

14 Nov 2024

Investing is a powerful tool for building wealth, securing
Read more
Different Types Of Bonds

11 Nov 2024

Bonds are a type of investment where the investor can invest
Read more
Annual Percentage Rate (APR)

11 Nov 2024

Annual Percentage Rate (APR) means the interest rate you will
Read more
Investment Horizon

11 Nov 2024

An investment horizon is the time you plan to hold an investment
Read more
30 Best Investment Options in India in 2024
  • 04 Apr 2014
  • 1862772
Are you looking for the best investment option for you? From traditional investments like Fixed Deposits (FDs)
Read more
Best NRE Savings Accounts for NRIs in 2024
  • 28 Jan 2022
  • 65428
India is a growing economy and is getting a lot of global recognition these days. It has shown immense growth in
Read more
Short Term Investments Options
  • 10 Feb 2014
  • 515293
Short-term investments are financial assets that can be easily converted to cash within a short period, ranging
Read more
Post Office Senior Citizen Savings Scheme (SCSS) 2024
  • 13 Feb 2020
  • 97318
The Post Office Senior Citizen Savings Scheme (SCSS) is a government-backed scheme designed specifically for
Read more
Best Saving Plans in India 2024
  • 30 Jan 2019
  • 148369
Saving money is an important step towards achieving financial independence and security. Whether you're looking
Read more

top
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL