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Ageas Federal Life Insurance Platinum Wealth Builder Plan
The Ageas Federal Life Insurance Platinum Wealth Builder Plan is a non-participating unit-linked, individual life insurance plan that aims to provide long-term wealth creation and life protection. The plan allows policy owners to invest in various market-based funds and at the same time protecting the financial stability of their family.
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Eligibility Criteria for the Ageas Federal Life Insurance Platinum Wealth Builder Plan
| Criteria | Minimum | Maximum |
| Age At Entry - Base Plan | 0 years (91 days) | 60 years |
| Age At Entry - Spouse Cover (If Opted) | 18 years (both lives) | 60 years |
| Maturity Age | 18 years | 75 years |
| Policy Term (PT) | 12 years* | 25 years |
| Premium Paying Term (PPT) |
6 / 8 / 10 / 12 / 15 years |
|
| Annual Premium - Yearly Mode | ₹2,40,000 |
No limit |
| Annual Premium - Half-Yearly Mode | ₹1,20,000 | |
| Annual Premium - Monthly Mode | ₹20,000 | |
| Death Sum Assured - Life Assured | ₹24,00,000 | |
| Death Sum Assured - Second Life (If Spouse Cover Is Chosen) | ₹2,24,000 | Second Life Death SA = 1 to 5 times Annualised Premium (chosen at inception) |
| Premium Payment Mode |
Yearly / Half-Yearly / Monthly |
Features of the Ageas Federal Life Insurance Platinum Wealth Builder Plan
Ageas Federal Life Insurance Platinum Wealth Builder Plan offers features like:
- This plan has several fund options across equity, balanced and debt funds to match different risk tolerances.
- Free switches in funds and premium redirection facility.
- An additional 2% Wealth Booster will be provided on the 6th policy year, up to the maturity of the premium-paying period, and will be paid by the payment of due premiums.
- Loyalty Additions equal to 8% of the annualised premium are credited at the end of every three policy years, starting from the ninth policy year, with additional percentage benefits based on premium bands.
- Disciplined portfolio rebalancing with AutoSwitcher and Systematic Allocator facilities.
These structured additions enhance long-term value creation within the framework of Ageas Federal Life ULIP Plans, supporting investors seeking market participation with built-in plan benefits.
Benefits of the Ageas Federal Life Insurance Platinum Wealth Builder Plan
-
Maturity Benefit
Upon survival until the end of the policy term, the policyholder receives the fund value along with applicable wealth boosters, loyalty additions, and the return of specified charges, provided all policy conditions are met. A settlement option is also available, allowing the maturity proceeds to be received over a period of two to five years.
-
Death Benefit
In case of the life assured's death during the policy term, the nominee receives the higher of:
- 105% of total premiums paid must also be considered.
- Partial withdrawals in the last 2 years affect the calculation.
- Where spouse cover is opted, a separate death benefit applies for the second life based on the chosen multiple of annualised premium.
The combination of market-linked returns and structured additions provides growth potential options for the best guaranteed returns, though returns under this plan remain market-linked in nature.
Riders Under the Ageas Federal Life Insurance Platinum Wealth Builder Plan
Ageas Federal Life Insurance Linked Accident Care Rider
Ageas Federal Life Insurance Linked Critical Shield Rider
Policy Details of the Ageas Federal Life Insurance Platinum Wealth Builder Plan
Here are the policy details under the Ageas Federal Life Insurance Platinum Wealth Builder Plan:
-
Grace Period
A grace period of 15 days (monthly mode) or 30 days (other modes) is allowed for premium payment after the due date.
-
Revival
A discontinued policy may be revived within the revival period (usually 3 years from the date of the first unpaid premium) as per plan guidelines, subject to applicable charges and underwriting approval.
-
Free Look Period
The policyholder may return the policy within 15 days (30 days for distance marketing) from receipt if not satisfied with the terms and conditions.
-
Surrender
The policy acquires a surrender value after completion of the lock-in period of five years. Upon surrender before the lock-in period, the fund value is transferred to the discontinued policy fund and paid after completion of five years.
For individuals exploring the best ULIP Plans, this plan forms part of the insurer's market-linked portfolio offerings.
Latest ULIP NAVs
| Fund Name | NAV  |
AUM |
5 Yr Returns |
10 Yr Returns | |
|---|---|---|---|---|---|
| Bandhan Life Debt Fund | ₹39.49 | ₹93 Cr | 5.2% | 6.58% | |
| Bandhan Life Secure Fund | ₹28.53 | ₹46 Cr | 5.09% | 4.57% | |
| Bandhan Life Blue Chip Equity Fund | ₹30.04 | ₹206 Cr | 10.6% | 11.33% | |
| Bandhan Life Stable Fund | ₹32.17 | ₹17 Cr | 6.94% | 8.72% | |
| Bandhan Life Accelerator Fund | ₹46.56 | ₹219 Cr | 12.47% | 12.94% | |
| Bandhan Life Opportunity Fund | ₹39.15 | ₹234 Cr | 16.55% | - | |
| Bandhan Life Pension Debt Fund | ₹31.42 | ₹4 Cr | 5.06% | 6.39% | |
| Bandhan Life Pension Enhanced Equity | ₹109.65 | ₹18 Cr | 12.76% | 12.8% | |
| Bandhan Life Pension Nifty 500 Momentum Quality 50 Index Fund | ₹9.67 | ₹2 Cr | - | - | |
| Aegon Enhanced Equity | ₹67.9 | ₹125 Cr | 12.55% | 12.61% | |
| Aegon Pension Balanced | ₹50.29 | ₹2 Cr | 8.16% | 9.44% | |
| Aegon Pension Index | ₹83.52 | ₹7 Cr | 8.07% | 10.73% | |
| Aegon Pension Secure | ₹28.38 | ₹1 Cr | 4.47% | 4.97% | |
| Aegon Balanced | ₹44.01 | ₹12 Cr | 7.3% | 8.94% | |
| Aegon Life Group Equity Fund | ₹58.36 | ₹11 Cr | 13.48% | - |
See more plans
Exclusions Under the Ageas Federal Life Insurance Platinum Wealth Builder Plan
-
Suicidal Cover
If the life assured commits suicide within 12 months from the date of commencement or revival of the policy, only the fund value (as applicable under policy terms) may be payable.
-
Total Permanent Disability (TPD)
TPD benefits are payable only if an applicable rider has been opted for and are subject to rider-specific conditions and exclusions.
FAQs
-
What happens if premiums are discontinued under the Ageas Federal Life Insurance Platinum Wealth Builder Plan?
In case the premiums are dropped within the lock-in period, the fund value with discontinuance charges is shifted to the discontinued policy fund and paid after five policy years. -
Can partial withdrawals be made under the Ageas Federal Life Insurance Platinum Wealth Builder Plan?
Partial withdrawals are permitted after completion of the lock-in period, subject to policy conditions and minimum fund balance requirements. -
Is premium reduction allowed under the Ageas Federal Life Insurance Platinum Wealth Builder Plan?
Premium reduction may be permitted after completion of five policy years, subject to underwriting guidelines and policy terms.
Insurers Offering ULIPs
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ