|
Insurance
16-Oct-23
|
|
|
|
|
|
|
Ageas Federal Life Insurance unveils its new savings plan ‘Super Cash Plan’
|
|
|
|
Ageas Federal Life Insurance has announced the launch of ‘Ageas Federal Life Insurance Super Cash Plan’ - a non-linked, participating Individual Life Insurance savings plan for retail customers.
This plan offers a combination of immediate liquidity and financial stability for the family, making it an efficient option for people seeking a stable income as well as financial protection, the insurer said in a statement.
Vighnesh Shahane, MD & CEO of Ageas Federal Life Insurance, said “We are thrilled to introduce the Ageas Federal Life Insurance Super Cash Plan which is set to offer a realm of SUPER benefits for your family’s security and prosperity. Moreover, the plan starts providing you returns as soon as the first policy month itself, making it a smart solution for your financial needs”.
“We aim to address the diverse needs of our policyholders through this plan, which can be tailored to their unique financial requirements, thus allowing them to live #FutureFearless,” Shahane added.
The plan offers immediate liquidity through regular income which could start as early as the first month of the policy, depending on when the policyholder has opted to receive returns.
Additionally, this plan provides guaranteed boosters after every fifth policy year designed to enhance savings.
The policyholder also receives a lumpsum maturity benefit at the end of the policy term.
The plan also offers possible tax savings on premiums paid and benefits received, which adds to its attractiveness.
Ageas Federal Life Insurance comes with Immediate Income and SUPER benefits is a plan that suits every life stage.
Key highlights of Ageas Federal’s Super Cash Plan:
Save The Date - This feature allows the policyholders to defer Survival Benefit payouts to a chosen special date.
Uninterrupted Income Benefit (UIB) - This is an optional benefit to waive off any future premiums due after the unfortunate demise of the life assured. A lumpsum benefit is immediately paid to the nominee plus the policy benefits continue and are paid as per schedule.
Premium Offset - This is another optional benefit where the policyholder has the option of utilizing the survival benefits to offset the premiums due during the premium payment term.
Exclusive Benefits for Females – With an aim to drive life insurance penetration, the plan offers female purchasers, an increase of up to 12% on the sum assured on maturity depending on the premium payment term.
Rebate on High Sum Assured or Premium – Policyholders are offered additional benefits, especially if the annualized premium exceeds Rs 3 lakh.
|
|
Previous News |
IDBI Federal Life Insurance unveils its new ULIP, ‘Smart Growth Plan'
(
Insurance
-
24-Jan-19
09:58
)
|
|
Ageas Federal Life announces highest ever bonus total of Rs 134.44 crore for FY23-24
(
Insurance
-
25-Jun-24
10:24
)
|
|
IDBI Federal Life reports Rs 148 crore profit for FY20
(
Insurance
-
11-May-20
21:43
)
|
|
IDBI Bank sells entire stake in Ageas Federal Life Insurance
(
Insurance
-
22-Sep-22
20:35
)
|
|
Federal Bank to buy additional 4% stake in IDBI Federal Life insurance for Rs 80 crore
(
Insurance
-
25-Jun-20
13:57
)
|
|
Ageas Federal Life Insurance expects 35-40% premium growth in FY22
(
Insurance
-
25-Jul-21
16:40
)
|
|
Aegis Federal Life Insurance launches its #FutureFearless campaign with Sachin Tendulkar
(
Insurance
-
22-Nov-22
17:03
)
|
|
Ageas Federal Life sees 40% sales growth as ownership rights issues resolved
(
Insurance
-
10-Jun-22
05:42
)
|
|
Federal Bank signs agreement to acquire up to 4% stake in IDBI Federal Life Insurance Co.
(
Corporate News
-
06-Aug-20
10:31
)
|
|
Ageas Federal Life Insurance unveils its new savings plan ‘Super Cash Plan’
(
Insurance
-
16-Oct-23
13:30
)
|
|
Board of IDBI Bank approves divestment of stake held in IDBI Federal Life Insurance Compony
(
Corporate News
-
27-Jun-20
12:05
)
|
|
|
|
Other Stories |
|
|
|
|
|
|
|
|