Ageas Federal Life Insurance has recently announced the launch of its Ageas Federal Life Insurance Saral Pension. It is a single premium, non-linked, non-participating, individual, immediate annuity plan.
Ageas Federal Life Insurance Saral Pension Plan helps the policyholder to prepare a personal annuity plan not only for themselves but for their spouse as well. It offers an option of single life and joint life immediate annuity with return of premium.
Ageas Federal Life Insurance Saral Pension intends to offer peace of mind during one’s retirement days where the individual is assured of a guaranteed regular income and contentment during their retirement years.
Key benefits of the plan includes:
- Life annuity with 100% return of purchase price
- Joint life annuity with return of 100% purchase price on death of the last survivor
- Option to surrender
- Guaranteed annuity payout
- Annuity payout as convenient
Commenting on the launch of the plan, Karthik Raman, CMO & Head – Products, Ageas Federal Life Insurance, stated, “We are happy to launch our Saral Pension Plan in line with the guidance provided by the regulator. The plan helps us offer our customers a much-needed product for their retirement readiness. Retirement is when one chooses to leave the workforce behind permanently. However, the house still needs to be run and it is also a time when medical expenses are on the rise, hence a steady income post-retirement becomes a necessity. Our newly launched Ageas Federal Life Insurance Saral Pension Plan is an apt solution designed to address this need and allow an individual to lead a life that is #FutureFearless.”
