Ageas Federal MyLife Protection Term Insurance
Claim Settlement Ratio | 95.07% |
Death Benefit Paid For | 1,366 Policies |
Inception | 2008 |
Presence | 3,000 Branches |
Total Death Benefit Paid | Rs. 63.27 Crore |
About Ageas Federal MyLife Protection Term Insurance
MyLife Protection Plan is one of the key term insurance plans offered by Ageas Federal Life Insurance. A non-risk, non-participating protection plan, MyLife Protection is one of the best ways an individual can attain financial protection for their loved ones when they are no longer there to provide. Completely reasonable and dependable, Ageas Federal MyLife Protection Plan is an individual life, pure risk premium product that proves to be the ultimate financial support when required the most.
The policy comes with a minimum entry age of 21 years, while the maximum entry age is 60 years. Talking about maximum maturity age, it is 85 years. The plan features a minimum sum assured of Rs. 50 Lakh, while the maximum sum assured has no limit. Laden with beneficial features, Ageas Federal MyLife Protection Plan offers extensive life coverage at a minimal premium price. What’s best is that a policyholder can extend their coverage benefits by opting for an additional cover, namely Accidental Death Benefit Option.
Key Inclusions and Exclusions of the Plan
What's Included
- Death benefit
- Extensive life cover
- Multiple cover options
- Optional cover of Accidental Death Benefit
- Tax benefits
What's Not Included
- Death due to suicide within 12 months of policy inception
- Participation in criminal or unlawful act
- Injuries resulting from war
- Use of intoxicating drugs, alcohol, solvent, etc.
- Nuclear contamination
Claim Process at Ageas Federal Life Term Insurance
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Ageas Federal Life Term Insurance Contact Details
Ageas Federal Life Term Insurance
1800-209-0502Mon to Fri 10:00 AM to 6:30 PM