Ageas Federal Life Insurance Super Cash Supreme Plan

Eligibility Criteria for Ageas Federal Life Insurance Super Cash Supreme Plan

For the Super Income Option, the policy term is available in complete years. For the Super Booster Option, policy term is available in 5-year intervals (15, 20, 25, 30, 35, 40 years).

Features of Ageas Federal Life Insurance Super Cash Supreme Plan

The Ageas Federal Life Insurance Super Cash Supreme Plan includes multiple features that help you with long-term financial planning. Let's look at a few of them:

• Life Cover: The plan offers a death benefit throughout the policy term as per Life Cover Multiple.
• Optional Uninterrupted Income Benefit: If chosen, future premiums are waived on death and survival, and maturity benefits continue as if the policy were in force.
• Super Income or Super Booster: You can choose yearly Guaranteed Regular Income or five-yearly Guaranteed Booster payouts.
• Guaranteed Supreme Advantage: In the first policy year, Supreme Cash and Supreme Addition are provided to you as defined under plan terms.
• Save The Date Option: This allows you to get income payouts on a selected special date, such as a birthday or anniversary, subject to conditions.
• Flexible Premium Allocation: You can allocate 0% to 90% of annualized premium to the Easy Cash Goal; the remaining balance goes to the Wealth Accumulation Goal.

As a Saving Plan, the Ageas Federal Life Insurance Super Cash Supreme Plan is payable only if a deferment period of 0 years is chosen. Supreme Addition vests at the end of policy year 1 and is payable on death or maturity, whichever occurs first.

Benefits of Ageas Federal Life Insurance Super Cash Supreme Plan

Below are the features of :

1.  Death Benefit

   In the event of failure to select Uninterrupted Income Benefit, the Death Benefit is the amount of:

   Higher of:

   • Sum Assured on Death
   • Sum Assured on Maturity
   • Life Cover Multiple/ Annual Premium.

   Plus:

   • Simple Reversionary Bonuses Vested.
   • Vested Supreme Addition
   • Terminal Bonus (if any)

   The minimum amount payable on the Death Benefit will be 105% of the total amount of premiums paid and no less than the amount of the applicable surrender value. In case the Uninterrupted Income Benefit is taken, it will be the same thing when a life assured dies, future premiums are waived, and the policy proceeds. Survival benefits and maturity benefits are perpetuated depending on the preferred option and policy conditions.

2.  Survival Benefit

   Under Super Income: Guaranteed Regular Income (GRI) is payable every year. 

   It is calculated as: GRI = GRI Rate × Annualized Premium

   Premium Paying Term (PPT)	GRI Rate
   6 Years	8%
   8 Years	12%
   10 Years	15%
   12 Years	20%

   Under Super Booster: Guaranteed Booster (GB) is payable every 5 years.

   It is calculated as GB = GB Rate × Annualized Premium

   Premium Paying Term (PPT)	GB Rate
   6 Years	45%
   8 Years	75%
   10 Years	100%
   12 Years	100%

   Cash Bonus, if declared, is calculated as Cash Bonus Rate × Goal 1 MSA.

3.  Maturity Benefit

   While exploring the best guaranteed return plans in India, check for maturity benefits. In terms of Ageas Federal (if the policy is in effect), the maturity benefit can be calculated as:

   Maturity Benefit = Sum Assured on Maturity + (Supreme Addition, Vested Simple Reversionary Bonuses, Terminal Bonus (if any))

   Any unpaid survival benefit will also be payable.

Policy Details Under Ageas Federal Life Insurance Super Cash Supreme Plan

Here are the necessary police details about the Ageas Federal Life Insurance Super Cash Supreme Plan:

• Grace Period : 15 days for the monthly mode; 30 days for other modes.
• Revival: The investment plan can be revived within 5 consecutive years from the due date of the first unpaid premium, subject to underwriting and payment of arrears with interest.
• Surrender: Surrender value becomes payable after completion of the first policy year (provided one full year's premium has been received).
• Free Look Period: 30 days from receipt of the policy document.