Guaranteed Wealth Plan (UIN: 135N048V07)


  • Enjoy guaranteed benefits irrespective of market conditions - The benefits of this plan are guaranteed and will be paid out to you irrespective of market volatility.
  • Choose to receive your benefits as a lump sum or as annual payouts basis your need - This plan offers you two options i.e. Lump sum benefit and Regular Income benefit.
  • You may avail 2 tax benefits of 80C and 10(10D): Guaranteed wealth plan also helps you in getting tax benefit as under:
  1. Deduction under section 80C: The premiums that you pay eligible for deduction under section 80C of the Income Tax Act, 1961. For the Financial year FY 2019-20 deduction can be claimed under Section 80CCE up to Rs. 1,50,000 for the total payments, contributions made under Sections 80C, 80CCC and 80CCD.
  2. Tax-free benefits under section 10(10D): The benefits received under the plan are tax-free under section 10(10D) of the Income Tax Act, 1961.

Note :- Please note that tax laws may change from time to time. Consult your tax advisor for determining the Tax benefits applicable to you.

Eligibility Criteria

Criteria Minimum/ Maximum Guaranteed Wealth Plan 

UIN: 135N048V06

Age at entry of life insured (last birthday) Minimum 10 years
Maximum 55 years
Age at maturity of the life insured (last birthday) Maximum PPT 7 / PT 14 - 69 years
PPT 10 / PT 20 - 75 years
Premium Minimum Rs.35,000/-
Maximum No limit
Premium Frequency (Mode) Fixed Yearly
Premium payment period Fixed
Option PPT PT
Regular Income benefit option 7 14

Lump Sum Benefit Option

7 14
10 20
Policy Term Fixed 14 Years and 20 Years
Payout Period Fixed  
Applicable only for Regular Income Benefit)   7 Years

*Policies on lives of minors can be taken only by parents / grand-parents / legal guardian.         


Life insurance Related Products


Ageas Federal Life Insurance Guaranteed Wealth Plan (UIN 135N048V06) is an non-linked, non-participating life insurance plan. This product is underwritten by Ageas Federal Life Insurance Company Limited - Formerly known as IDBI Federal Life Insurance Company Limited (Regn. No 135; Corporate Identity Number (CIN) - U66010MH2007PLC167164) having its registered office at 22ndFloor, A Wing, Marathon Futurex, N. M. Joshi Marg, Lower Parel - East, Mumbai - 400013. For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale. Trade Logo displayed above belongs to The Federal Bank Limited and Ageas International Insurance N. V. and used by Ageas Federal Life Insurance Company Limited under license from respective partners. Tax benefits are as per the Income Tax Act, 1961 and are subject to changes in the tax from time to time and Ageas Federal Life Insurance Company Ltd. does not assume responsibility on tax implication. The Federal Bank Limited is a Corporate Agent having registration number - Regn. No. CA0227.  The service provided by The Federal Bank Limited is purely an agency service and is carried out strictly on a non-risk participation basis. The Federal Bank Limited, as corporate agent, does not underwrite the risk or act as an insurer. Participation by the Federal Bank’s customers in the insurance product is purely on a voluntary basis and is not linked to the availment of any other facility from the Federal Bank Limited.



IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.



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