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Ageas Federal Endowment Plans

Ageas Federal Endowment Plans

Ageas Federal Life Insurance Endowment Plans are dedicated insurance policies specifically designed to introduce a habit of disciplined savings. These plans allow you to set aside a portion of your income. These plans provide a structured and reliable way to accumulate wealth over time, ensuring that your investments grow steadily with minimal risk. From funding your child’s education to planning for retirement, Ageas Federal’s endowment plans act as a valuable tool to help you achieve major life goals. Furthermore, these plans are known for offering stable returns over a longer period of time.

Top Features and Benefits of Ageas Federal Endowment Plans

Let’s take a look at the features and benefits of Ageas Federal Endowment Plans. 

  • Death & Maturity Benefits in Installments

One of the standout features of the endowment plans by Agead Federal Life Insurance is that it offers the flexibility to receive both death and maturity benefits in convenient installments. When your funds are utilized wisely over time, they provide long-term financial security rather than a lump sum that might be easily exhausted. 

  • Encourages Regular Savings 

Another major benefit of these endowment plans is that it makes easier for you to save regularly toward your life goals. Whether you’re planning for your child’s education, your retirement, or other important milestones, these plans ensure you stay on top of your investment with consistent contributions. 

  • Steady and Risk-free Returns 

When you choose endowment plans from Ageas Federal Life Insurance, you can easily enjoy the peace of mind that comes with steady and predictable returns. As long as you continue to pay your premiums on time, these plans guarantee risk-free growth, which may help you build a solid financial foundation for the future. 

  • A combination of Savings & Life Cover 

Another major aspect of these plans is that they help you save and provide life insurance coverage. Remember that your investments are carefully placed in a conservative portfolio of bonds and other fixed-income securities, which ensures both security and growth. 

  • Tax Growth 

Last but not least, these endowment plans from Ageas Federal Life Insurance come with multiple tax benefits. The premiums you invest in Ageas Federal Endowment Plans are eligible for tax deductions and the maturity benefits you receive can also be exempt from taxes, depending on the current tax laws.

Ageas Federal Endowment Plans

Ageas Federal Life Insurance offers only 1 endowment plan, which perfectly suits everybody’s needs. Let’s talk about it in detail.

1. Ageas Federal Life Insurance Guaranteed Savings Plan

The Ageas Federal Life Insurance Guaranteed Savings Plan is a non-linked, non-participating, single-premium endowment plan designed to offer a simple yet effective way to secure your financial future. With just a one-time payment, you can sit back and enjoy the peace of mind of knowing that you’re covered for the policy term you select either 7 or 10 years. Furthermore, the plan not only offers life insurance protection throughout the policy term but also guarantees a maturity lump sum at the end of the term.

ParametersDetails
Age at Entry

Minimum-2 Years

Maximum- 45 Years

Age at Maturity of the Life AssuredMaximum- 55 Years
Premium

Minimum- Rs. 50,000

Maximum- No Limit

Premium Paying TermFixed- Single
Policy term7/10 Years

Key Features and Benefits: 

These are as follows:

  • Flexible Policy Term Options

One of the interesting aspects of the plan is that it enables you to choose between a 7-year or 10-year policy term, which allows you to align the plan with your specific financial goals and milestones. 

  • Comprehensive Death Cover 

Another major benefit of the plan is that it allows you to enjoy the convenience of a substantial life cover, with a death benefit amounting to 10 times the single premium you pay. Furthermore, it would ensure your loved ones are financially protected in the event of any unforeseen circumstances. 

  • Guaranteed Maturity Payout 

One of the major highlights of the plan is that the policyholder shall receive a guaranteed lump sum payout. The guaranteed return provides you with financial security and peace of mind, which may help you reach your future aspirations. 

  • Attractive Tax Benefits 

Another major feature of the plan is that it offers attractive tax benefits, which may benefit from tax deductions on the premiums paid under Section 80C and enjoy tax-free maturity benefits under Section 10 (10D).

Functioning Of Ageas Federal Endowment Plans

Let’s take an example to understand! 

Mrs Shilpa Malhotra is a caring mother of her 8-year-old daughter, Sanika, and a professional at a leading private company. With a stable income, Shipla is always thinking ahead, especially when it comes to securing her daughter’s future. Recently, she received a bonus at work, and instead of spending it, she decided to invest it wisely for Sanika’s benefit. 

Mrs Malhotra chooses the Ageas Federal Life Insurance Guaranteed Savings Plan, a perfect match for her goals. She pays a one-time premium of Rs. 5,00,000 for a 7-year policy term. The plan not only gives Sanika a life cover of Rs. 50,00,000 which ensures she is financially protected but also guarantees a lump sum payout of Rs. 7,61,000 at the end of the policy term.

How To Buy Ageas Federal Endowment Plan?

Let’s take a look at the steps to buy Ageas Federal endowment plan.

  • In the first step, you will need to visit the official website of Ageas Federal Life Insurance.
  • Then, hover your cursor over plans, then again over the savings plan, find “Guaranteed Savings Plan,” and click on it.
  • After that, the plan page will open. On the right-hand side, you will see a box asking you to enter your full name, mobile number, email ID, city, and pincode.
  • Once you enter all the information, simply click on the “submit” button.
  • After that, you will see a message that says, “Thank You—Your request to get a free quote has been submitted successfully. Our experts will call you shortly.”

Frequently Asked Questions

Listed below are the frequently asked questions related to the Ageas Federal endowment plans. 

A one-time payment means you pay the premium once and don’t have to worry about renewing it for the policy term.

In the case of endowment plans by Ageas Federal Life Insurance, if the life assured passes away during the policy term, the death sum assured will be given to the nominee.

The maturity benefit is guaranteed and will be paid if the life insured survives until the policy’s maturity date as long as the policy is active. It is the same as the Maturity Sum Assured.

No, there is no grace period available under the plan. 

Yes, the plan has a suicide exclusion.

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