Ageas Federal Life Insurance's iSecure Plan helps to financially secure families at an affordable cost

MUMBAI, India, April 25, 2023 /PRNewswire/ -- Ageas Federal Life Insurance (AFLI), one of India's leading life insurance companies, today announced the launch of its Ageas Federal Life Insurance iSecure Plan – an online term plan that provides comprehensive protection at an affordable cost. The iSecure Plan offers options and features that help customers to enhance financial security for their loved ones as per their personal preferences and needs.

The policyholder has the flexibility to choose two optional add-on benefits at inception of the plan on payment of additional premium. The first optional benefit is enhancement of Life Stage Cover at various important milestones of life such as marriage, children's birth or taking out of a home loan, without the need for additional health checks. This option allows the policyholder to plan in advance for enhanced protection at different stages of life. By opting for this benefit at a nominal increase in premium, policyholders avoid the need to invest in new policies at later stages in life which might come at a much higher cost.

Under the second optional benefit, an Accidental Death Benefit (ADB) Cover is additionally paid out in case of death due to an accident.

The iSecure plan has an option for the policyholder to receive all their premiums back at the end of the term if they survive till maturity of the policy. The plan offers further flexibility by allowing the policyholder to define the policy term as per their personal requirements. This allows them to ensure financial security for their loved ones basis their life stage, responsibilities, assets and liabilities. The plan also offers premium payment options to suit every preference. The policyholder can either opt for single pay, limited pay or regular pay.

This plan can be purchased online from the Company website – www.ageasfederal.com at a time and place convenient to customers.

Commenting on the new plan, Mr. Karthik Raman, CMO and Head – Products, Ageas Federal Life Insurance said, "We, at Ageas Federal, aspire to provide a comfortable life for our customers and their loved ones, financially securing their future dreams and safeguarding them from life's uncertainties. Our iSecure plan caters to today's digitally savvy customer who prefers add-on benefits and desires convenience, flexibility, and efficiency."

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, 2022, the Company has issued over 15 lakh policies with a sum assured of over Rs. 1,20,544 crores. Ageas Federal Life Insurance has total assets under management of over Rs. 13,907 crore and a robust capital base of over 800 crores as of March 31, 2022.