Ageas Federal Term Insurance Calculator

Ageas Federal Term Insurance Calculator

A joint venture between IDBI Bank, Federal Bank, and Ageas Insurance International, Ageas Federal Life Insurance (formerly IDBI Federal Life Insurance) is counted among India’s fastest-growing life insurance companies. The company was established in the year 2008 and offers an array of insurance products such as term insurance, savings, and investment plans, child plans, retirement plans, and more that are carefully designed to cater to the needs of every individual at different life stages.

Ageas Federal term insurance premium calculator is an easy-to-operate financial tool that helps calculate the exact premium paid in less than a minute. The premium calculator is an essential and helpful tool as it assists in making an informed decision in terms of choosing the right policy.

Benefits of Ageas Federal Term Insurance Premium Calculator

  • Instant result: Ageas Federal Term Insurance Premium Calculator instantly calculates the exact premium to be paid against the chosen sum assured, saving a lot of time for manual calculations.
  • Free of Cost: Ageas Federal Term Insurance Premium Calculator is a free-of-cost online tool wherein users just need to enter their details and get the right premium amount as per their eligibility. 
  • Better Decision Making: Ageas Federal Term Insurance Premium Calculator assists you in getting the exact idea for the premiums to be paid, which would further help you in making the right decision.

Ageas Federal Life Term Insurance Plans

  • Ageas Federal Life MyLife Protection Plan
  • Ageas Federal Life Income Protect Plan
  • Ageas Federal Life Saral Jeevan Bima

Below are the details about term insurance plans offered by Ageas Federal Term Insurance Plans:

1. Ageas Federal Life MyLife Protection Plan: This term insurance plan is intended to give comprehensive coverage at an affordable premium price with three different life cover options – Regular coverage, Coverage booster, and Smart coverage. You also get the flexibility to pick your preferred policy term and premium payment options. In addition, female policyholders and non-smokers get discounts on premium amounts. However, there is no maturity benefit under this plan, and it can be bought online from the insurer’s website, offering comfort to clients. 

2. Ageas Federal Life Income Protect Plan: It is a term plan that provides financial security to your family in your absence and provides monthly income to them. While purchasing the policy, you might decide to get the death benefit as a lump sum amount or singular amount, or regular monthly income to suit your family’s financial requirements. In addition, Ageas Federal Life Income Protect plan offers tax benefits under Section 80C and Section 10 (10D) of the Income Tax Act 1961. 

3. Ageas Federal Life Saral Jeevan Bima: Saral Jeevan Bima by Ageas Federal Life is a standard term insurance policy offering comprehensive protection at affordable premiums to the policyholder’s loved ones in case of his or her sudden demise within the term policy. The highlight of this term plan is it comes with easy-to-understand features, terms, and guidelines and is ideal for first-time buyers.

Benefits of Ageas Federal Term Insurance Plans

Ageas Federal Life Insurance term plans are carefully designed to provide comprehensive life cover at affordable premium costs catering to all possible needs of the customers at different stages of life.

  • Customer-centric approach: Ageas Federal Life Insurance is known for its customer-friendly approach with its products and services focused on providing the utmost level of experience and solutions.
  • High Claim Settlement Ratio: Ageas Federal Life Insurance boasts of healthy claim settlement ratio of 96.47% in the FY 2019-20, proving itself a reliable and trustworthy insurer partner. 
  • Online Renewal of Policies: Ageas Federal Life Insurance gives you the flexibility to renew your policies online. However, you can opt for the offline route by paying at the branch or through an advisor or paying at the Common Service Centre outlet. Online mode is more convenient as you can pay using a credit or debit card, UPI, wallets, or cash card.

 

FAQs:

How do smoking habits influence premium calculation at Ageas Federal Life Insurance premium calculation?

Smoking habits affect the premium of Ageas Federal Life Insurance policy because the company considers smoking as high risk, and thus smokers are required to pay a high premium.

What is the advantage of using the Ageas Federal Life Insurance premium calculator?

Ageas Federal premium calculator assists you with making an informed decision of buying the right term insurance by evaluating the actual premium payable against the chosen insurance policy.

Do different policies have a different premium calculator at Ageas Federal Life Insurance?

No, different policies do not require different insurance calculators to evaluate the premiums. You can change the values while entering the calculator and get different quotes for different insurance policies.

In case of the nominee's demise before the policy maturity or death of the policyholder, then what can be done?

If the nominee passes away before the policy maturity or before the policyholder's demise, then the policyholder should get the nominee details changed in the policy records.

Which factors influence the premium amount of Ageas Federal Life Insurance policy?

The policyholder's age influences Ageas Federal Life Insurance policy premium amount, sum assured, policy term, gender, and lifestyle habits.

What are the different premium payment frequencies available for the Ageas Federal Life Insurance plans?

Ageas Federal Life Insurance premiums can be paid monthly, quarterly, half-yearly, and annual.

What is the time taken by Ageas Federal Life Insurance for claim settlement?

Ageas Federal Life Insurance takes about 8 working days for the claim settlement process.

Who receives the Ageas Federal Life Insurance claim amount, and how?

If the claim gets thoroughly verified and passed, then the claim amount will get transferred to the bank account of the claimant or nominee.

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