Ageas Federal Life Insurance new Assured Income Plan:
Ageas Federal Life Insurance, one of India’s most trusted private life insurance companies, has launched the Assured Income Plan, a non-linked, non-participating savings plan for individuals. The product is intended to protect the family’s future so that they can live comfortably without financial worries, even if the policyholder is unable to do so.
The plan provides guaranteed financial payouts that assist in achieving dream goals at various stages of life, such as planning for your child’s future, preparing to start your aspirational business, or planning for a comfortable retirement.
The plan allows customers with different mindsets and needs to choose from three plan options: Short Term Income, Long Term Income, and Lifelong Income.
The plan provides a survival benefit in the form of Guaranteed Regular Income (GRI) for a fixed period of 10 years for the Short Term Income option and 25 or 30 years for the Long Term Income option (depending on the premium payment term chosen). The Lifelong Income option provides a survival benefit in the form of GRI until the life assured reaches the age of 100.
A lump sum benefit known as the Guaranteed Maturity Booster is paid out at the end of the income payout period for all three plan options.
If the life assured dies during the policy term, the death benefit will be paid to the nominee in a lump sum immediately.
Mr. Karthik Raman, CMO and Head-Products Ageas Federal Life Insurance, stated on the launch of the Assured Income Plan, “In this current economic scenario, we see that individuals prefer guaranteed products with a stable income that is not impacted by market volatility and fluctuating interest rates.” To meet this demand, we introduced our Assured Income plan, which provides individuals with an appealing combination of protection and guaranteed payouts to assist them in meeting their goals and requirements at various stages of life.”
Because unforeseen events can happen to us at any time, our Assured Income plan offers life insurance coverage even when the income is being paid out. This is done to provide our clients and their family the courage to navigate adversity boldly! Added Raman.
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