Ageas Federal Life Insurance launched its Ageas Federal Life Insurance iSecure Plan on April 25, 2023. This online term plan provides comprehensive protection at an affordable cost and offers options and features that help you to enhance financial security for your loved ones as per your personal preferences and needs.
The policyholder has the flexibility to choose two optional add-on benefits at the inception of the plan on payment of an additional premium. The first optional benefit is the 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, he avoids 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.
Commenting on the new plan, Karthik Raman, CMO & 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.”
The iSecure plan has an option for policyholders to receive all their premiums back at the end of the term if they survive till the policies mature. The plan offers further flexibility by allowing the policyholder to define the policy term as per his or her personal requirements. This allows him or her to ensure financial security for his or her loved ones basis his 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.