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In Unit Linked Insurance Policies, the investment risk is borne by the policyholder. These insurance products do not offer any liquidity in the first 5 years, as they have a mandatory lock-in period of 5 years. During this period, the policyholder cannot fully or partially withdraw the invested amount or surrender the policy.
Ageas Federal Wealthsurance Growth Plan SP II
The Ageas Federal Wealthsurance Growth Plan SP II is a Unit Linked Insurance Plan (ULIP) , which is a combination of life insurance protection and wealth accumulation. It is a unit-linked, non-participating, and one-premium life insurance which enables you to make a single payment. This helps obtain the cover of life, as well as having the advantage of increasing their wealth depending on the performance of the selected investment funds.
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Ageas Federal Life Ulip Plans
- Ageas Federal Wealthsurance Growth Plan SP II
Eligibility Criteria for the Ageas Federal Wealthsurance Growth Plan SP II
|
Criteria |
Minimum |
Maximum |
|
Age at Entry |
1 month |
70 years |
|
Age at Maturity |
18 years |
76 years |
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Premium Payment Term |
Single Premium |
Single premium |
|
Policy Term |
6 years, 10 years, 15 years, 20 years, 25 years |
6 years, 10 years, 15 years, 20 years, 25 years |
|
Minimum Premium |
Rs 50,000 |
No limit (subject to board-approved underwriting policy) |
|
Death Sum Assured (Age at Maturity ≤ 48 years) |
1.25 times Single Premium |
10 times Single Premium |
|
Death Sum Assured (Age at Maturity > 48 years) |
1.25 times Single Premium |
1.25 times Single Premium |
Features of the Ageas Federal Wealthsurance Growth Plan SP II
Some of the benefits of a ULIP plan include life coverage, flexible investment options, and growth potential. Key features include:
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Single Premium Payment
As a single-premium plan, it requires only a one-time payment, making it suitable for individuals who wish to invest a lump sum amount.
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Flexibility in Fund Choices
There is an option of selecting a range of funds that you can invest in, depending on your risk appetite. You can choose from 10 available funds based on your risk appetite, allowing you to create a portfolio that aligns with your financial goals.
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Loyalty Additions
Loyalty additions are given as a reward for long-term commitment to add value to your investment. These additions are credited at the end of the 6th, 10th, and every 5th policy year thereafter.
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Partial Withdrawals
Partial withdrawals are permitted after the lock-in period, and this means that you can take the money when required. Maximum partial withdrawal in a policy year is 20% of the Fund Value at the beginning of that policy year.
Benefits of the Ageas Federal Wealthsurance Growth Plan SP II
Here are the key benefits of the Ageas Federal Wealthsurance Growth Plan SP
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Maturity Benefit
At policy maturity, the policyholder will be given the fund value, which has been accumulated by the loyalty additions, provided that the policy is still in force. This plan assists in developing wealth over time in order to achieve financial objectives.
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Death Benefit
In case of death during the policy term, the nominee will receive the higher of:
- Death Sum Assured, or
- Fund Value (as on date of intimation), or
- 105% of the Single Premium paid
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Tax Benefits
Premiums paid may be eligible for tax benefits under Section 80C, and benefits may be tax-free under Section 10(10D), subject to prevailing tax laws.
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Fund Switching and Management.
Depending on the market conditions and your financial objectives, you can change funds to either an equity fund, a debt fund, or a hybrid fund in the Ageas Federal ULIP plan.
Policy Details of the Ageas Federal Wealthsurance Growth Plan SP II
- Free Look Period: There is a 30-day free look period after getting the policy document. In case of disliking the conditions, cancelling the policy and getting back a refund (with deductions) is possible.
- Surrender: On surrendering the policy after the lock-in period, you will get the surrender value, which is the amount of the unit fund on the date of the surrender.
- Explore some of the best guaranteed return plans to opt for the best option available.
Latest ULIP NAVs
| Fund Name | NAV  |
AUM |
5 Yr Returns |
10 Yr Returns | |
|---|---|---|---|---|---|
| Bandhan Life Debt Fund | ₹40.43 | ₹91 Cr | 5.29% | 6.17% | |
| Bandhan Life Secure Fund | ₹29.11 | ₹48 Cr | 5.32% | 4.49% | |
| Bandhan Life Blue Chip Equity Fund | ₹30.58 | ₹189 Cr | 7.9% | 11.05% | |
| Bandhan Life Stable Fund | ₹32.84 | ₹14 Cr | 5.58% | 8.44% | |
| Bandhan Life Accelerator Fund | ₹47.94 | ₹195 Cr | 9.63% | 12.65% | |
| Bandhan Life Opportunity Fund | ₹40.61 | ₹238 Cr | 13.5% | - | |
| Aegon Balanced | ₹45.36 | ₹12 Cr | 6.22% | 8.76% | |
| Aegon Enhanced Equity | ₹70.58 | ₹104 Cr | 10.25% | 12.55% | |
| Aegon Pension Balanced | ₹51.8 | ₹2 Cr | 7.1% | 9.28% | |
| Aegon Pension Debt | ₹32.22 | ₹4 Cr | 5.18% | 5.99% | |
| Aegon Pension Enhanced Equity | ₹115.3 | ₹15 Cr | 10.72% | 12.86% | |
| Aegon Pension Index | ₹87.63 | ₹5 Cr | 6.38% | 10.95% | |
| Aegon Pension Secure | ₹28.96 | ₹1 Cr | 4.73% | 4.91% | |
| Aegon Life Group Equity Fund | ₹60.89 | ₹11 Cr | 11.26% | - | |
| Bandhan Life Flexi Cap Fund | ₹11.38 | ₹98 Cr | - | - | |
| Bandhan Life Mid Cap Fund | ₹10.07 | ₹92 Cr | - | - |
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Exclusions Under the Ageas Federal Wealthsurance Growth Plan SP II
Suicide Clause
If the policyholder commits suicide within 12 months from the date of commencement or revival, the nominee will receive the fund value at the time of death.
FAQs
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What happens in case I miss a premium payment?
As it is a single-premium ULIP, the Wealthsurance Growth Plan SP II does not involve any periodic payment of premiums in addition to the already made first payment. -
Is it possible to invest further after the first investment?
This is not a multi-premium plan; it is a single-premium plan, i.e., you have to pay only one premium when you are taking this policy. There are no extra payments provided. -
How is the performance of the funds tracked?
The Net Asset Value (NAV) of any fund is also announced in a daily manner, and one can keep track of the performance of their fund. The performance of every fund can be checked either on the site of insurer or on request.
Insurers Offering ULIPs
Disclaimer: Policybazaar Insurance Brokers Private Limited 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 Insurance Brokers Private Limited 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