Ageas Federal Retiresurance Group Insurance Plan

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.

Read more
Best Pension Options
  • Get Tax Free Pension For Life

  • Flexibility to withdraw fund value any time

  • Guaranteed Tax Savings

    Under Sec 80 C & 10(10D)

*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
Invest ₹6,000/month & Get Tax Free Monthly Pension of ₹60,000
Get the best returns & make the most of your Golden years
+91
View Plans
Please wait. We Are Processing..
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 #Discount offered by insurance company Tax benefit is subject to changes in tax laws
Get Updates on WhatsApp

Key Features

  • It is a yearly renewable plan
  • The plan can be availed  only by employer-employee groups where a minimum of 10 members are required
  • A Master Policy held by the employer is issued covering the members for a pre-determined amount.
  • Defined Benefit scheme and Defined Contributions scheme is covered under the scope of the plan
  • Gratuity, Superannuation and Leave Encashment is managed under the Defined Benefit scheme while only Group Superannuation is managed under the Defined Contribution scheme

Benefits

  • A guaranteed Minimum Floor Rate @ 0.5% p.a. will be credited to the policy account quarterly throughout the term
  • A non-negative Additional Interest rate will be credited to the policy account quarterly
  • A non-negative Residual Additions from the 5th policy year will be credited to the policy account to meet the maximum Reduction in Yield
  • On death, under the Defined Contribution scheme, the aggregate Account balance is paid subject to a minimum of 100.1% of all premiums paid for each member and for the Defined Benefits scheme, the accrued liability as per scheme rules is payable
  • On death under the Gratuity and Leave Encashment scheme, the accrued liability + a fixed Sum Assured equal to Rs.1000 is payable
  • The benefits as payable in case of death are payable in  case of retirement, resignation or disablement of members except the Sum Assured of Rs.1000

Product Specification:

 

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

Policy Details

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.

Additional Features or Riders

  • Employers can make additional contributions as per the terms and conditions

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Documents Required

Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history along with the details of every group member.

Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 0 Reviews)
Newsletter
Sign up for newsletter
Sign up our newsletter and get email about health plans.

Pension plans articles

Recent Articles
Popular Articles
Future Value of Annuity Due Formula

22 Nov 2021

The future value of an annuity due is the value of consolidated...
Read more
Axis NPS Calculator

18 Nov 2021

Every individual requires old age security and financial...
Read more
Post Office NPS Calculator

18 Nov 2021

National Pension System is a scheme launched by the Government...
Read more
SBI NPS Calculator

18 Nov 2021

One of the most renowned schemes launched by the Government of...
Read more
ICICI NPS Calculator

12 Nov 2021

NPS or National Pension Scheme is a scheme launched by the...
Read more
NPS Calculator: National Pension Scheme Calculator Online
National Pension Scheme Calculator is an online tool, which allows the individual to calculate the estimated...
Read more
Saral Pension Yojana
In India, there are various individual immediate annuity products offered by life insurance companies. These...
Read more
National Pension Scheme (NPS)
National Pension Scheme (NPS) is an investment cum pension plan launched by the Indian Government. This scheme is...
Read more
LIC Senior Citizen Pension Scheme
Post demonetization the banks are cutting down the interest rates on fixed deposits. Hence, to safeguard the...
Read more
Top Pension Plans in India
Pension plans are one of the most sought-after investment options that have gained huge popularity over the...
Read more
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL