Ageas Federal Life Insurance Smart Growth Plan (UIN: 135L053V03)


  • Life Protection with Market linked returns - Life cover to support your family’s financial requirement in times of need along with opportunity to build a corpus through market linked returns.
  • Choice of regular and limited premium paying terms - You have the flexibility to pay premiums for a limited period or till the end of policy term.
  • Flexibility to manage your investment based on your risk appetite - You can stay in complete control of your investments with the flexibility to choose from 6 investment fund offerings that allow you to invest your money as per your risk-return appetite.
  • Boost your fund value with Loyalty Additions as a reward for staying committed for a longer term.
  • Get tax benefits of Sec 80C and Sec 10(10D):
    • Deduction under section 80C: The premiums that you pay may be eligible for deduction under section 80C of the Income Tax Act, 1961. For the Financial Year 2018 – 19 deductions can be claimed under Section 80CCE up to Rs. 1,50,000 for the total payments, contributions made under Sections 80C, 80CCC and 80CCD.
    • Tax-free benefits under section 10(10D): The benefits received under the plan are exempted from Income Tax under section 10(10D) of the Income Tax Act, 1961.
You are advised to consult your tax advisor for details. Please note that tax laws may change from time to time.

Eligibility Criteria

Criteria Minimum Maximum
Age at entry 1 month# Option 1 - Prime – 55 years
Option 2 - Plus – 45 years
Age at maturity 18 years Option 1 - Prime – 70 years
Option 2 - Plus – 60 years
Policy Term 10 / 15 / 20 / 25 years
Premium Paying Term (PPT) Policy Term 10 & 15 - 5 years
For all Policy Terms - 10/15/20 years
Premium amount PPT 5 years - Rs. 50,000 annually
PPT 10 /15 /20 years – Rs. 35,000 annually
No Limit
Premium Payment Frequency Annual

All ages are as per last birthday

#Only Parent or Legal guardian can be the Policy holder, in case where Life Assured is a minor



Life insurance Related Products

Disclaimer :

Disclaimer :

Ageas Federal Life Insurance Smart Growth Plan is a non-participating Unit Linked life insurance plan (UIN: 135L053V02). Unit-linked life insurance products are different from the traditional insurance products and are subject to risk factors. Premiums paid in unit-linked life insurance policies are subject to investment risks associated with capital markets and NAVs of the units may go up or down, based on the performance of the fund and factors influencing the capital market. The insured is responsible for his/her decisions. Ageas Federal Life Insurance Company Limited is the name of the Insurance Company and Ageas Federal Life Insurance Smart Growth Plan is the name of the unit-linked life insurance contract and does not in any way indicate the quality of the contract, its future prospects, or returns. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns. The past performance of the funds is not indicative of the future performance. Please be aware of the associated risks and the applicable charges from your insurance agent or intermediary or policy document issued by us. Life Insurance coverage is available in this plan. For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale. 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 product is underwritten by Ageas Federal Life Insurance Company Limited (IRDAI Regn. No 135; Corporate Identity Number (CIN) - U66010MH2007PLC167164) having its registered office at: Ageas Federal Life Insurance Company Limited, 22nd Floor, A Wing, Marathon Futurex, N. M. Joshi Marg, Lower Parel - East, Mumbai - 400013. Website: Toll Free: 1800 209 0502. 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. 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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