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Ageas Federal Life Insurance Saral Pension Plan
Ageas Federal Life Insurance Saral Pension Plan (UIN: 135N080V01)
A Single Premium, Non-linked, Non-Participating, Individual, Immediate Annuity Plan
Features
Saral Pension Plan is a simple 3 step process:
- Step 1: Decide the amount that you want to receive as regular income; else decide the single amount that you want to pay to purchase annuity.
- Step 2: Choose your desired option from the 2 plan options available.
- Step 3: Choose the frequency of receiving your regular income from monthly, quarterly, half-yearly and yearly payout modes
Eligibility Criteria
Criteria | Minimum/ Maximum | Ageas Federal Life Insurance Saral Pension Plan |
---|---|---|
Age at entry | Minimum | 40 Years |
Maximum | 80 years | |
Purchase Price | Minimum | For both Annuity Options Rs. 1,50,000, subject to minimum Annuity Pay-out |
Maximum | No limit, subject to Board Approved Underwriting Policy | |
Annuity Pay-out | Minimum | Rs. 1000 per Month, Rs. 3000 per Quarter, Rs. 6000 per Half year and Rs. 12000 per Year |
Maximum | No limit, subject to Board Approved Underwriting Policy | |
Policy Term | Whole of Life | |
Premium Paying Options | Single Pay |
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Disclaimer:
The Federal Bank Limited is a Corporate Agent having registration number - Regn. No. CA0227. The service provided by The Federal Bank Limited is purely an agency service and is carried out strictly on a non-risk participation basis. The Federal Bank Limited, as corporate agent, does not underwrite the risk or act as an insurer. Participation by the Federal Bank’s customers in the insurance product is purely on a voluntary basis and is not linked to the availment of any other facility from the Federal Bank Limited.
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.