Ageas Federal Life Insurance Smart Growth Plan

Eligibility Criteria for the Ageas Federal Life Insurance Smart Growth Plan

Features of the Ageas Federal Life Insurance Smart Growth Plan

Here are the key features of one of the best ULIP plan for your desired financial goals:

• Two Death Benefit Options - Prime and Plus: Prime pays the highest of sum assured, fund value, or 105% of premiums paid, while Plus pays the higher of sum assured plus fund value or 105% of premiums paid.
• Guaranteed Loyalty Additions: As per the policy rules, 0.5% of the average fund value over the last 36 months is added to your account from the 10th year and every 5 years after that.
• Unlimited Free Fund Switching: You can switch between available funds as many times as you want during the policy period without having to pay a fee.
• Systematic Allocator (Glide Path Strategy): As the policy approaches maturity, this feature gradually shifts your investments from equity to debt.
• AutoSwitcher Facility: With AutoSwitcher, you can set up automated monthly transfers between selected funds as per your instructions.
• Settlement Option For Maturity Proceeds: Maturity proceeds can be taken in annual instalments for up to five years instead of a lump sum.

Benefits of the Ageas Federal Life Insurance Smart Growth Plan

Below are the benefits of the Ageas Federal Life Insurance Smart Growth Plan:

1. Maturity Benefit

   If the life insured survives till the end of the policy term and the policy is still in effect, the maturity benefit payable is:

   • Fund Value As On Maturity Date
   • Including Applicable Guaranteed Loyalty Additions

   Policyholders may also opt to receive maturity proceeds in instalments (up to 5 years) under the settlement option.

2. Death Benefit

   The death benefit depends on the option selected:

   Option 1 - Prime

   Higher Of:

   • Sum Assured On Death
   • Fund Value
   • 105% of Total Premiums Paid

   Option 2 - Plus

   Higher Of:

   • Sum Assured On Death Plus Fund Value
   • 105% of Total Premiums Paid

   This structured approach to one of the best guaranteed-return plans supports your financial security and that of your beneficiaries.

Riders Under the Ageas Federal Life Insurance Smart Growth Plan

Policyholders may enhance coverage by adding optional riders:

• Ageas Federal Life Insurance Linked Accident Care Rider
• Ageas Federal Life Insurance Linked Critical Shield Rider

Policy Details of the Ageas Federal Life Insurance Smart Growth Plan

Let's check out the policy details of the Ageas Federal Life Insurance Smart Growth Plan:

1. Grace Period

   15 Days For Monthly Mode and 30 Days For Annual & Semi-Annual Modes. Risk cover continues during this period.

2. Revival

   The policy can be revived within 3 consecutive years from the date of the first unpaid premium, subject to payment of due premiums and policy terms.

3. Free Look Period

   30 Days from the date of receipt of the policy document.

4. Surrender

   The Lock-In Period for this plan is 5 Years. If surrendered during the lock-in period, fund value (after discontinuance charges) is transferred to the discontinued policy fund and paid at the end of the lock-in. After 5 years, the surrender value equals the unit fund value.

5. Fund Switching

   With one of the best investment plans in India, you get unlimited free switches between funds during the policy term.

6. Loan

   Policy loans are not available under this plan.

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Fund Name	NAV	AUM	5 Yr Returns	10 Yr Returns
Bandhan Life Debt Fund	₹39.47	₹93 Cr	5.33%	6.62%	View More
Bandhan Life Secure Fund	₹28.47	₹46 Cr	5.16%	4.62%	View More
Bandhan Life Blue Chip Equity Fund	₹30.83	₹206 Cr	12.63%	12%	View More
Bandhan Life Stable Fund	₹32.71	₹17 Cr	8.18%	9.14%	View More
Bandhan Life Accelerator Fund	₹47.96	₹219 Cr	14.67%	13.62%	View More
Bandhan Life Opportunity Fund	₹39.42	₹234 Cr	18.6%	-	View More
Bandhan Life Pension Debt Fund	₹31.41	₹4 Cr	5.19%	6.44%	View More
Bandhan Life Pension Enhanced Equity	₹112.55	₹18 Cr	14.82%	13.47%	View More
Bandhan Life Pension Nifty 500 Momentum Quality 50 Index Fund	₹9.69	₹2 Cr	-	-	View More
Aegon Balanced	₹44.92	₹12 Cr	8.61%	9.41%	View More
Aegon Enhanced Equity	₹69.88	₹125 Cr	14.66%	13.31%	View More
Aegon Pension Balanced	₹51.34	₹2 Cr	9.39%	9.9%	View More
Aegon Pension Index	₹85.92	₹7 Cr	10.17%	11.38%	View More
Aegon Pension Secure	₹28.45	₹1 Cr	4.64%	5.06%	View More
Aegon Life Group Equity Fund	₹60.02	₹11 Cr	15.66%	-	View More

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Exclusions Under the Ageas Federal Life Insurance Smart Growth Plan

1. Suicidal Cover

   If death occurs due to suicide within 12 months from policy commencement or revival, the nominee will receive the fund value available on the date of intimation.

2. Total Permanent Disability (TPD)

   No separate TPD benefit is available under the base plan. TPD coverage may be available through applicable riders, subject to policy terms.