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.
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
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)