WEALTHSURANCE-GROWTH-INSURANCE-PLAN-SP

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Wealthsurance Growth Insurance Plan SP

  • 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.

Investment amount as per your financial goal - You can invest any amount starting from Rs 25,000.

You can also manage your investments during the term by switching between funds at no extra cost. You get to choose from our wide bouquet of funds - Ageas Federal Investment Basket.

Flexibility to manage your investments - Based on your risk appetite, you can decide and tell us how to invest your money.

Guaranteed loyalty additions to help your savings grow faster - Wealthsurance gives an added impetus to your investment account through Guaranteed Loyalty Additions.

It is credited to your investment account at the end of the 5th policy year and every 5 years thereafter, to reward you for staying invested for the long term

Guaranteed loyalty additions help increase your earnings, which in turn, results in adding to your returns.

Guaranteed loyalty additions will be 2.5% of the average fund value in the investment account over the last 36 months preceding the loyalty unit allocation date.

In case you have invested in multiple funds, guaranteed loyalty additions will be added to each fund in the same proportion as the fund value in each fund bears to the total fund value.

Criteria

Minimum/ Maximum

Wealthsurance Growth Insurance Plan SP

UIN: 135L034V03

Age at entry Minimum 1 month completed
Maximum 70 years
Age at maturity Minimum 18 years
Maximum 75 years
Policy Term Fixed options 5 years/ 10 years/ 15 years/ 20 years/25 years Subject to minimum and maximum maturity age as mentioned above
Premium payment term   Single premium
Premium Minimum 25,000
Maximum No Limit (subject to underwriting)
Sum assured Minimum Basic sum assured - 1.25 times the Single Premium
Maximum
For age at maturity up to 48 years - 10 times single premium For age at maturity greater than 48 - 1.25 times single premium

*All ages are as per last birthday

Note: In case the insured person is a minor, the minimum policy term should be such that the insured person turns at least 18 years of age at maturity. For example, if the age of the child is 5 years, then 18-5 = 13; hence, the next higher policy term option available is 15 years.

Discl Wealthsurance

Disclaimer:

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. 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.  

 

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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.