Ageas Federal Life Term Insurance Benefits

Ageas Federal is a client-focused company, the company offers hassle-free claim settlement and purchasing experience. Ageas Federal Life Insurance has featured a high claim settlement ratio of 96.47% in FY 2019-20 which indicates that the company is dedicated to provide quick and hassle-free claim settlement. Ageas Federal Life Insurance is dedicated to providing helpful solutions to its customers. The insurance company is considered one of the most trusted life insurance brands in India.

Ageas Federal Term Insurance Benefits

Ageas Federal Life Insurance has a range of benefits on its term insurance plans.

1. High Cover at Low Premiums: The stellar advantage of Ageas Federalterm insurance plans is high insurance cover at low premiums. Ageas Federal term insurance plans offer life cover at a reasonable cost. The company has curated these plans to provide effective solutions to every individual without bothering their budget.

2. Return of Premium Benefit: Termsurance Life Protection Insurance plan offered by Ageas Federal Life Insurance company offers a Return of Premium benefit. In case the life assured survives the entire policy tenure, he/she will receive a maturity benefit, which is return of total premiums paid till the date of the plan maturity.

3. Flexibility To Choose Policy And Premium Payment Terms: The customer has the option to choose from an extended policy term and exciting premium payment terms. The life assured has flexibility to choose the policy term and premium payment term according to his requirement and budget.

4. Range Of Premium Payment Options: Under Ageas Federal term insurance plan different premium payment frequencies that one can choose according to their budget. Customers can choose from different payment options like single premium, monthly, and annual premium payments.

5. Accidental Death Benefit: Ageas Federal MyLife Protection plan offers an option to enhance the base coverage of the plan by opting for Accidental Death Benefit cover. In case the life assured passes away in an accident during the policy, his/her family will receive a lump sum amount. With this optional benefit you can ensure financial security of your loved ones even in your absence

6. Tax Benefits: Under Ageas Federal term insurance life assured can avail attractive income tax benefits on term insurance premium payments. Premiums paid towards Ageas Federal term insurance plans are eligible for tax exemptions under Section 80C and 10(10D) of the Income Tax Act, 1961.