Monday, October 16, 2023

Ageas Federal Life Insurance Launches Its “Super Cash Plan” As A New Path To Financial Security & Prosperity

* Combines the magic of regular income with unwavering family security 

One of India's leading private life insurance firms, Ageas Federal Life Insurance (AFLI) announced the launch of its “Ageas Federal Life Insurance Super Cash Plan” – a non-linked, participating savings plan for retail customers. This unique plan offers the optimal combination of immediate liquidity and unwavering financial stability for the family, making it an efficient option for people seeking a stable income as well as financial protection. 

"We are thrilled to introduce the Ageas Federal Life Insurance Super Cash Plan which is set to offer a realm of SUPER benefits for your family’s security and prosperity. Moreover, the plan starts providing you returns as soon as the first policy month itself, making it a smart solution for your financial needs,” said Vighnesh Shahane, MD & CEO of Ageas Federal Life Insurance. 

“We aim to address the diverse needs of our policyholders through this plan, which can be tailored to their unique financial requirements, thus allowing them to live #FutureFearless,” Shahane added. 

The plan offers immediate liquidity through regular income which could start as early as the first month of the policy, depending on when the policyholder has opted to receive returns. Additionally, the plan provides guaranteed boosters after every fifth policy year designed to enhance savings. The policyholder also receives a lumpsum maturity benefit at the end of the policy term. 

Ageas Federal’s Super Cash Plan further offers SUPER benefits designed to enhance your cover. 

Save The Date - This feature allows the policyholders to defer Survival Benefit payouts to a chosen special date. 

Uninterrupted Income Benefit (UIB) -This is an optional benefit to waive off any future premiums due after the unfortunate demise of the life assured. A lumpsum benefit is immediately paid to the nominee plus the policy benefits continue and are paid as per schedule.  

Premium Offset - This is another optional benefit where the policyholder has the option of utilizing the survival benefits to offset the premiums due during the premium payment term.  

Exclusive Benefits for Females – With an aim to drive life insurance penetration, the plan offers female purchasers, an increase of up to 12% on the sum assured on maturity depending on the premium payment term.  

Rebate on High Sum Assured or Premium - Policyholders are offered additional benefits, especially if the annualized premium exceeds Rs 3 lakh.  

Ageas Federal Life Insurance which comes with Immediate Income and SUPER benefits is a plan that suits every life stage. It could help with your regular expenses, help in building a corpus for life goals and lets you save regularly. 

The plan also offers possible tax savings on premiums paid and benefits received, which adds to its attractiveness. It is advisable to consult your tax advisor for determining the tax benefits applicable to you. 

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