Ageas Federal Life Insurance upgrades its Guaranteed Wealth Plan

A non-linked, non-participating life insurance plan

New Delhi, June 15, 2021: Ageas Federal Life Insurance, one of India’s most trusted private life insurance companies, today announced an upgrade of its best-selling plan - Ageas Federal Life Insurance Guaranteed Wealth Plan, a long-term life insurance plan which comes with a component of savings element that assures you of guaranteed returns on your investment.

This plan can be used to actualise life’s milestones like setting up your dream business, upgrading your house, buying your dream car, preparing for a second income, saving for children's education and/or marriage, or even saving for any emergency fund.

The plan is devised as a simple savings tool that encourages one to stay insured and save regularly towards their life’s goals; and gives the security of guaranteed returns. It also provides the flexibility to choose to receive the benefits either as a lumpsum or as regular income, basis one’s need.

Under the Lumpsum Benefit option, one may choose to pay premiums for the first 7 or 10 years of the policy and get corresponding life cover for 14 or 20 years. For Regular Income Benefit option, one pays premiums for the first 7 years of the policy and gets life cover for 14 years. The policyholder also gets guaranteed income for the next 7 years of the policy.

Key Benefits of the plan:

• Enjoy guaranteed benefits irrespective of market conditions
• Choose to receive your benefits as a lump sum or as regular income basis your need
• Get life cover to protect your family for chosen policy term
• Get tax benefits under Sec 80 C and Sec 10(10D)
• Flexibility to choose premium paying term & policy term as per your goals

Commenting on the launch of the plan, Mr. Karthik Raman, CMO & Head - Products, Ageas Federal Life Insurance said, “In these current uncertain times, individuals are keen on investments that guarantee benefits irrespective of market volatilities. We are happy to launch our Guaranteed Wealth Plan; a plan that helps an individual to stay insured, save regularly and invest intelligently towards the life goals of the family, thus allowing one to live #FutureFearless.”