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Mumbai, February 10th, 2025: Ageas Federal Life Insurance, a leading private life insurer in India, has launched its latest investment offering—the Momentum Growth Fund. Opening February 10th – February 21st 2025, this new offering presents an attractive opportunity for investors aiming to benefit from India’s robust long-term economic growth within the ULIP segment. It is strategically aligned with the Nifty 500 Momentum 50 Index, which has delivered remarkable returns of 25.97%* CAGR over the past five years, and 22.90% CAGR since its inception.
With a focus on delivering strong returns over the medium to long term, the fund diversifies investments across a wide range of companies and sectors within the index, helping to mitigate risk while promoting steady, sustainable growth. This disciplined, strategic approach offers customers a rewarding and resilient investment strategy that is well-aligned with India’s thriving economy.
Mr. Jude Gomes, MD & CEO of Ageas Federal Life Insurance, said, “With a GDP of 6.4% in FY 25, India still remains the fastest growing economy. At Ageas Federal Life Insurance, we support the government’s vision for India’s growth story. The Momentum Growth Fund reflects our commitment while empowering customers with solutions that meet their long-term financial aspirations. With this launch, we aim to bridge individual wealth creation and national progress, contributing to India’s extraordinary growth story and fostering a future of shared prosperity.”
The fund empowers investors to navigate the ever-changing stock market trends effectively, while removing any potential fund manager bias. Additionally, it offers the advantage of comprehensive life coverage through Ageas Federal’s innovative and customer-centric insurance plans. The Momentum Growth Fund will be available alongside Ageas Federal Life Insurance’s flagship offerings.
About Ageas Federal Life Insurance
Ageas Federal Life Insurance, one of India’s leading private life insurers 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 3,800+ 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, 2024, the Company has issued over 16.88 lakh policies with a sum assured of over ₹ 1,54,425 crores. Ageas Federal Life Insurance has total assets under management of over ₹17,455 crore and a robust capital base of over ₹800 crores as of March 31, 2024.
