Introduction/Overview
Ageas Federal Retiresurance Group Insurance Plan is a group insurance plan designed specifically for employer-employee groups providing employers a plan to manage the employees’ retirement compensations like gratuity, superannuation or leave encashment.
Peaceful Post-Retirement Life
Tax Free Regular Income
Wealth Generation to beat Inflation
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
|
Minimum |
Maximum |
Entry Age (Last Birthday) |
18 years |
79 years |
Maturity Age (Last Birthday) |
- |
80 years |
Size of the group |
10 members |
No limit |
Contribution |
50,000 |
No limit |
Frequency of Contribution |
Annual, half-yearly, quarterly, monthly |
Grace Period: not applicable under the plan
Policy Termination or Surrender Benefit: on surrender, the balance in the policy account net of applicable surrender charges and Market Value Adjustment is returned
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.
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history along with the details of every group member.