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Offers customers flexibility through financial resilience and protection against up to 50 critical illnesses and 200% payout in case of death in the event of airplane or train accidents.
Mumbai, January 13th, 2025: Ageas Federal Life Insurance, a leading private life insurer in India, introduces two unique riders – Critical Shield Rider and Accident Care Rider along with its latest offering, the Ageas Federal Life Insurance Super Cash Supreme Plan. The plan combines immediate liquidity with long-term financial security, making it an excellent choice for individuals seeking a stable income and comprehensive protection for their families.
The Super Cash Supreme Plan is a flexible life insurance solution designed to meet diverse financial goals while ensuring family security. It offers the first-of-its-kind Guaranteed Supreme Advantage Benefits in the first policy year, providing assured returns. Policyholders can choose from options which provide guaranteed returns thereby receiving uninterrupted income benefits. With life cover throughout the policy term, the Super Cash Supreme Plan is an ideal choice for securing one’s family’s future while achieving financial goals.
Benefits of Critical Shield Rider:
- The Ageas Federal Life Insurance Critical Shield Rider is designed to enhance policyholders’ base life insurance policy with financial protection against critical illnesses.
- Offering coverage for up to 50 critical illnesses, it comes in two variants, Critical Protect, covering 30 illnesses, and Critical Protect Plus, covering 50 illnesses.
- The rider provides flexibility to choose the sum assured, policy term, and premium payment mode, ensuring it meets diverse needs. It offers a lump sum payout upon diagnosis of a covered critical illness, allowing buyers to manage medical expenses, recovery costs, or other financial needs.
Benefits of Accidental Rider:
- The Ageas Federal Life Insurance Accident Care Rider is designed to offer robust financial protection against unexpected accidents.
- This rider ensures enhanced security for the policyholder’s family, providing coverage for accidental death, including an exceptional 200% payout of the rider sum assured in the event of airplane or train accidents.
- Policyholders can opt for a comprehensive benefit option covering a wider range of illnesses and offering peace of mind and financial stability during challenging times.
Mr. Amitabh Verma, Chief Transformation Officer, Ageas Federal Life Insurance, said, “At Ageas Federal Life Insurance, our goal is to equip our customers with the flexibility and financial resilience needed to navigate today’s dynamic environment. Our new Ageas Federal Life Insurance Super Cash Supreme Plan, which offers a range of benefits designed to ensure our policyholders’ families’ security along with the Critical Shield Rider and Accident Care Rider, with enhanced financial protection, helps us realize this goal. Competitively placed, these new offerings, showcase our keen understanding of people’s evolving needs and our ability to cater to them.”
Ageas Federal Life Insurance provides peace of mind, empowering policyholders to focus on their goals with confidence, knowing their financial security is well-covered. To know more about this plan visit our website: https://www.ageasfederal.com/insurance-plans/savings-plans/Super-Cash-Supreme
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 3,200+ 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.
