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Ageas Federal Life Insurance Claim Settlement

Ageas Federal Life Insurance (formerly IDBI Federal Life Insurance Co Ltd.) has a claim settlement ratio of 95.07% in the financial year of 2020-21. This is among the top in the entire country, and this goes to show that the company honours its claims and promises. The claim settlement procedure by the company has been designed to be fast, easy, and hassle-free.

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5.0
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63 User reviews
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What users are saying
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  • Recommended Services

    I am happy to have purchased the Ageas Life Insurance Plan from InsuranceDekho. My experience with the company was great. I recommended Insurancedekho to all my family and friends for buying a life insurance policy. My acknowledgment to the customer support care representative for working 24 hours daily.

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    M
    Ageas Federal
    By Manjeet Singh
    On: Jan 08, 2024
  • Digital process

    I bought the Ageas Federal Secured Income plan from InsuranceDekho through a digital mode. I opted for a digital mode because I wanted to buy the Ageas Federal Secured Income plan from the comfort of my home.

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    P
    Ageas Federal
    By Prakhar Raj
    On: Nov 02, 2022
  • I got personalised advice at h...

    I got personalised advice at home when I was buying the Ageas Federal Secured Income plan from InsuranceDekho. The team of InsuranceDekho made a visit to my home and helped me select a good life insurance plan.

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    D
    Ageas Federal
    By Deepali Jain
    On: Oct 13, 2022
  • Best life insurance plan

    I was looking for a good investment tool and then I got to know about the different life insurance plans available on InsuranceDekho. So, on my friend’s suggestion, I bought the Ageas Federal Secured Income plan from InsuranceDekho. 

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    K
    Ageas Federal
    By Kavita Ahuja
    On: Sep 26, 2022
  • I was able to customise the pl...

    Another good thing about buying the Ageas Federal Secured Income plan from InsuranceDekho was that I was able to cutsomsie the plan according to my needs. I was also able to add riders accordingly and buy a perfect life plan from InsuranceDekho.

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    D
    Ageas Federal
    By Divya Jaiswal
    On: Sep 21, 2022
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FAQs

  • Does Ageas Federal Life Insurance have an online claim process?

    No, Ageas Federal Life Insurance doesn’t have an online claim process.

  • Who will receive the Ageas Federal Life Insurance claim amount, and how?

    The claim, if passed, will result in a wire transfer of the claim amount to the bank account of the claimant/nominee.

  • How much time does Ageas Federal Life Insurance take in claim settlement?

    Ageas Federal Life Insurance takes just 8 working days to process and decide a claim.

  • If a nominee dies before the maturity of the policy or the death of the policyholder, what should be done?

    If the nominee dies before the maturity or before the death of the policyholder, then the policyholder should get the nomination details changed in the policy records. 

  • Where should the claimant submit the Ageas Federal Life Insurance claim forms?

    The claimant can send the forms and the documents by courier to the company head office. 

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