Ageas Federal Young Star Plus Plan

Ageas Federal Life Insurance Young Star Plus – UIN (135N076V02)

Features

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.

 

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

Eligibility Criteria

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)

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