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.
Eligibility Criteria
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Age at entry (as of last birthday) - |
Min |
18 years |
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Life assured (parent) |
Max |
Regular payment option: 40 years |
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Limited payment option: 45 years |
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Maturity Age (Life Assured) |
Min |
30 years |
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Max |
Regular payment option: 60 Years |
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Limited payment option: 65 years |
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Premium Paying Term / Policy Term Combinations |
Premium Paying Term (years |
Policy Term (years) |
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7 |
12 |
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12 |
12 |
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10 |
15 |
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15 |
15 |
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15 |
20 |
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20 |
20 |
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Premium Paying Frequency |
Yearly and Half Yearly |
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Premium (exclusive of Goods and Services Tax and cess as applicable) |
Min |
Rs.18,000 p.a. |
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Rs. 20,000 p.a |
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Max |
No limit (subject to Board approved Underwriting Policy) |
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Brochures
Disclaimer:
For more details on risk factors, terms and conditions, please read the Sales Brochure carefully before concluding a sale. Life insurance coverage is available in this plan. Bonuses are linked to the profits of the participating life fund and depend on the future experience and performance of the fund. Ageas Federal Life Insurance Young Star Plus Plan is a non-linked, participating, individual life, savings insurance plan (UIN: 135N076V01). The product is underwritten by Ageas Federal Life Insurance Company Limited (Formerly known as IDBI Federal Life Insurance Company Limited) (IRDAI Regn. No 135; Corporate Identity Number (CIN) -. U66010MH2007PLC167164) having its registered office at: Ageas Federal Life Insurance Company Limited, 22nd Floor, A Wing, Marathon Futurex, N. M. Joshi Marg, Lower Parel – East, Mumbai – 400013. Website: www.ageasfederal.com. Toll-Free: 1800 209 0502. 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. Ageas Federal Life Insurance Company Ltd. does not assume responsibility on tax implication. Please note that tax laws may change from time to time. Consult your tax advisor for determining the Tax benefits applicable to you. 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.