Select from the Classic or Golden Waiver of Premium options
Get Early Investment Booster for an early start between age 18-35
Flexibility to choose premium payment option
Guaranteed Loyalty Booster to boost investment
Limited Time Offer: Flat NAV of Rs 10 per unit on Bluechip Pension Fund
Mumbai, July 4, 2024: Ageas Federal Life Insurance, a leading private life insurer in India, launches its newest offerings: Ageas Federal Life Insurance Golden Years Pension Plan with Bluechip Pension Fund. This plan offers a comprehensive solution to secure the financial futures of policyholders, ensuring your retirement years are comfortable and fun.
The Ageas Federal Life Insurance Golden Years Pension Plan is a Unit Linked, Non-Participating, Individual Pension Plan designed for retirement security. The plan offers two first-of-its-kind features: the Early Investment Booster, which provides additional allocations to encourage early retirement planning for those aged 18-35, and the Golden Waiver of Premium, which helps in retirement corpus accumulation for policyholders’ loved ones even after their demise. It allows entry ages of 18-70 years for the Classic Option and up to 60 years for the Golden Waiver of Premium Option.
The Bluechip Pension Fund invests in listed equities and aims to generate high returns by investing in established and emerging bluechip stocks that have a good track record. The Fund aims to diversify risk by investing in stocks across multiple sectors and making it an excellent choice for a secure and prosperous retirement.
Khushali Girish, Deputy Vice President & Head of Products at Ageas Federal Life Insurance, stated, “We are thrilled to introduce the Golden Years Pension Plan, a product meticulously crafted to cater to the unique retirement needs of our Indian customers. This plan embodies innovation and a futuristic outlook with features like the Early Investment Booster, which aims to encourage young individuals aged 18 to 35 to start their retirement planning early by providing additional units. The Golden Waiver of Premium option ensures future premiums are waived, thereby safeguarding the retirement plans of the policyholder’s loved ones in case of an unfortunate event. We believe this plan will set a new benchmark in retirement planning and provide peace of mind to countless families across the country.”
The Ageas Federal Life Insurance Golden Years Pension Plan also offers a Guaranteed Loyalty Booster which is added annually with timely premium payments and an active policy status. To add, the Premium Allocation charges are returned, enhancing the value of the plan. In case of the policyholder’s death, beneficiaries receive 105% of total premiums paid, and future premiums are waived under the Golden Waiver of Premium Option.
The Bluechip Pension Fund is a new fund offering which would be launched with a limited time offer of flat NAV of Rs 10 per unit. It invests in equities, reverse repos treasury bills and mutual funds amongst others. The fund based on market outlook, aims for steady returns through active management, diversification, and a blend of growth and value investing.
With this new offering, Ageas Federal Life Insurance will provide robust financial solutions for a secure and fun retirement. Designed to transform retirement into a chapter of freedom and fun these plans help policyholders seize every moment of their golden years with confidence, promising a brighter and more secure future.
About Ageas Federal Life Insurance
Ageas Federal Life Insurance is one of India’s growing life insurance companies and offers a diverse range of wealth management, protection, and retirement solutions to individual and corporate customers. Ageas Federal Life Insurance Co Ltd is a joint venture of Ageas, a multinational insurance giant based out of Europe and Federal Bank, one of India’s leading private sector banks.
Having commenced operations in 2008, Ageas Federal was able to achieve breakeven within just five years; the Company’s passion for innovation and growth helped it achieve this feat. Through a nationwide network of 3,200+ branches including partner bank branches, and a sizeable network of advisors, Ageas Federal Life Insurance has achieved presence across the length and breadth of the country. As of March 31, 2023, the Company has issued over 16 lakh policies with a sum assured of over ₹1,37,632 crores. Ageas Federal Life Insurance has total assets under management of over ₹15,129 crore and a robust capital base of over ₹800 crores as of March 31, 2023.
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