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Ageas Federal Life Insurance Smart Growth Plan
The Ageas Federal Life Insurance Smart Growth Plan enables you to reach your long term financial goals, offering life-protection and market-linked wealth creation. It includes creation two structured death benefit options, multiple fund choices, guaranteed loyalty bonuses, and flexible payment terms for premiums.
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Eligibility Criteria for the Ageas Federal Life Insurance Smart Growth Plan
| Criteria | Minimum | Maximum |
| Age At Entry | 1 Month |
|
| Age At Maturity | 18 Years |
|
| Premium Amount |
|
No Limit |
| Premium Paying Term (PPT) |
|
|
| Policy Term |
10 / 15 / 20 / 25 Years |
|
| Premium Payment Frequency |
Annual / Semi-Annual / Monthly |
Features of the Ageas Federal Life Insurance Smart Growth Plan
Here are the key features of one of the best ULIP plan for your desired financial goals:
- Two Death Benefit Options - Prime and Plus: Prime pays the highest of sum assured, fund value, or 105% of premiums paid, while Plus pays the higher of sum assured plus fund value or 105% of premiums paid.
- Guaranteed Loyalty Additions: As per the policy rules, 0.5% of the average fund value over the last 36 months is added to your account from the 10th year and every 5 years after that.
- Unlimited Free Fund Switching: You can switch between available funds as many times as you want during the policy period without having to pay a fee.
- Systematic Allocator (Glide Path Strategy): As the policy approaches maturity, this feature gradually shifts your investments from equity to debt.
- AutoSwitcher Facility: With AutoSwitcher, you can set up automated monthly transfers between selected funds as per your instructions.
- Settlement Option For Maturity Proceeds: Maturity proceeds can be taken in annual instalments for up to five years instead of a lump sum.
Benefits of the Ageas Federal Life Insurance Smart Growth Plan
Below are the benefits of the Ageas Federal Life Insurance Smart Growth Plan:
-
Maturity Benefit
If the life insured survives till the end of the policy term and the policy is still in effect, the maturity benefit payable is:
- Fund Value As On Maturity Date
- Including Applicable Guaranteed Loyalty Additions
Policyholders may also opt to receive maturity proceeds in instalments (up to 5 years) under the settlement option.
-
Death Benefit
The death benefit depends on the option selected:
Option 1 - Prime
Higher Of:
- Sum Assured On Death
- Fund Value
- 105% of Total Premiums Paid
Option 2 - Plus
Higher Of:
- Sum Assured On Death Plus Fund Value
- 105% of Total Premiums Paid
This structured approach to one of the best guaranteed-return plans supports your financial security and that of your beneficiaries.
Riders Under the Ageas Federal Life Insurance Smart Growth Plan
Policyholders may enhance coverage by adding optional riders:
- Ageas Federal Life Insurance Linked Accident Care Rider
- Ageas Federal Life Insurance Linked Critical Shield Rider
Policy Details of the Ageas Federal Life Insurance Smart Growth Plan
Let's check out the policy details of the Ageas Federal Life Insurance Smart Growth Plan:
-
Grace Period
15 Days For Monthly Mode and 30 Days For Annual & Semi-Annual Modes. Risk cover continues during this period.
-
Revival
The policy can be revived within 3 consecutive years from the date of the first unpaid premium, subject to payment of due premiums and policy terms.
-
Free Look Period
30 Days from the date of receipt of the policy document.
-
Surrender
The Lock-In Period for this plan is 5 Years. If surrendered during the lock-in period, fund value (after discontinuance charges) is transferred to the discontinued policy fund and paid at the end of the lock-in. After 5 years, the surrender value equals the unit fund value.
-
Fund Switching
With one of the best investment plans in India, you get unlimited free switches between funds during the policy term.
-
Loan
Policy loans are not available under this plan.
Latest ULIP NAVs
| Fund Name | NAV  |
AUM |
5 Yr Returns |
10 Yr Returns | |
|---|---|---|---|---|---|
| Bandhan Life Debt Fund | ₹40.37 | ₹92 Cr | 5.26% | 6.23% | |
| Bandhan Life Secure Fund | ₹28.98 | ₹48 Cr | 5.22% | 4.53% | |
| Bandhan Life Blue Chip Equity Fund | ₹30.23 | ₹201 Cr | 8.05% | 10.59% | |
| Bandhan Life Stable Fund | ₹32.33 | ₹15 Cr | 5.41% | 8.03% | |
| Bandhan Life Accelerator Fund | ₹47.3 | ₹207 Cr | 11.36% | 12.55% | |
| Bandhan Life Opportunity Fund | ₹41.37 | ₹243 Cr | 14.23% | - | |
| Bandhan Life Pension Debt Fund | ₹32.08 | ₹4 Cr | 5.09% | 6.03% | |
| Bandhan Life Pension Enhanced Equity | ₹110.21 | ₹16 Cr | 10.15% | 11.99% | |
| Bandhan Life Pension Nifty 500 Momentum Quality 50 Index Fund | ₹9.35 | ₹3 Cr | - | - | |
| Aegon Balanced | ₹44.14 | ₹12 Cr | 5.79% | 8.21% | |
| Aegon Enhanced Equity | ₹67.87 | ₹111 Cr | 9.79% | 11.75% | |
| Aegon Pension Balanced | ₹50.41 | ₹2 Cr | 6.66% | 8.78% | |
| Aegon Pension Index | ₹83.07 | ₹6 Cr | 5.48% | 9.92% | |
| Aegon Pension Secure | ₹28.78 | ₹1 Cr | 4.61% | 4.92% | |
| Aegon Life Group Equity Fund | ₹58.51 | ₹13 Cr | 10.8% | - | |
| Bandhan Life Flexi Cap Fund | ₹11.2 | ₹101 Cr | - | - | |
| Bandhan Life Mid Cap Fund | ₹10.3 | ₹95 Cr | - | - |
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Exclusions Under the Ageas Federal Life Insurance Smart Growth Plan
-
Suicidal Cover
If death occurs due to suicide within 12 months from policy commencement or revival, the nominee will receive the fund value available on the date of intimation.
-
Total Permanent Disability (TPD)
No separate TPD benefit is available under the base plan. TPD coverage may be available through applicable riders, subject to policy terms.
FAQs
-
Are returns guaranteed under the Ageas Federal Life Insurance Smart Growth Plan?
No, returns depend on how well the chosen fund does in the market. Loyalty additions are explained in policy documents, but they don't guarantee returns on investments. -
Is it possible for me to put money into more than one fund at once?
Yes, the plan will enable you to diversify your premium by choosing several available funds in a proportion of your choice during the time of investment. You can allocate your premium across multiple available funds in proportions of your choice alongside Ageas Federal Life ULIP plans. -
Can I change my premium paying term after buying the policy?
No, the premium paying term chosen at policy inception cannot be changed later. It remains fixed for the duration of the policy.
Insurers Offering ULIPs
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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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 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