Ageas Federal Young Star Plus Plan

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Ageas Federal Young Star Plus Plan

Ageas Federal Life Insurance Young Star Plus Plan is a thoughtfully designed life insurance plan that helps you align your savings towards financially securing and supporting your loved one’s future.

The plan keeps you committed to regular savings and boosts your corpus with guaranteed additions and bonus contributions. It provides guaranteed pay outs in a chosen timeframe to help you fund the crucial milestones of your child’s life. And most importantly, it ensures that your loved one’s dreams stay financially safe even in case of your unfortunate absence.

  • Features
  • Eligibility Criteria

Convenience of one-time payment - With Wealthsurance, you pay just once and can enjoy growth on your investments along with a life cover.

Avenue for regular and systematic savings 
125% of Maturity sum assured paid out in the form of Guaranteed Annual Payouts to help fund critical milestones
 Guaranteed additions up to 10% every five years depending on the policy term chosen 
Bonuses when declared will help boost savings
 Choice of policy term and premium paying terms to suit individual needs 
Financial security for your loved one’s in case of an unfortunate event - No future premiums payable and policy continues with planned benefits 
Tax benefits may be available on the premiums paid and the benefits received as per the Tax Laws

Age at entry (as of last birthday) -

Min

18 years

Life assured (parent)

Max

Regular payment option: 40 years

Limited payment option: 45 years

Maturity Age (Life Assured)

Min

30 years

Max

Regular payment option: 60 Years

Limited payment option: 65 years

Premium Paying Term / Policy Term Combinations

 

Premium Paying Term (years

Policy Term (years)

 

7

12

 

12

12

 

10

15

 

15

15

 

15

20

 

20

20

Premium Paying Frequency

 

Yearly and Half Yearly

Premium (exclusive of Goods and Services Tax and cess as applicable)

Min

Rs.18,000 p.a.

 

Rs. 20,000 p.a

Max

No limit (subject to Board approved Underwriting Policy)

AF young star plus

Disclaimer:

For more details on risk factors, terms and conditions, please read the Sales Brochure carefully before concluding a sale. Life insurance coverage is available in this plan. Bonuses are linked to the profits of the participating life fund and depend on the future experience and performance of the fund. Ageas Federal Life Insurance Young Star Plus Plan is a non-linked, participating, individual life, savings insurance plan (UIN: 135N076V01). The product is underwritten by Ageas Federal Life Insurance Company Limited (Formerly known as IDBI 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: www.ageasfederal.com. 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. Ageas Federal Life Insurance Company Ltd. does not assume responsibility on tax implication. Please note that tax laws may change from time to time. Consult your tax advisor for determining the Tax benefits applicable to you. Federal Bank is a Corporate Agent of Ageas Federal Life Insurance Company Limited having its registration number (Regn. No. CA0227) and Registered office at P.B. No.103, Federal Towers, Aluva, Ernakulam, Kerala -683101. The corporate agent does not underwrite the risk or act as an insurer. Participation of the Federal Bank customers is on a voluntary basis.

 

BEWARE OF SPURIOUS/FRAUD PHONE CALLS!

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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