Ageas Federal Life insurance Introduces Golden Years Pension Plan with Bluechip Pension Fund

Ageas Federal Life insurance has recently launched its latest product, the Ageas Federal Life insurance Golden Years Pension Plan, featuring the Bluechip Pension Fund. This new plan aims to provide a comprehensive solution to secure policyholders’ financial futures, ensuring a comfortable and enjoyable retirement.

The Golden Years Pension Plan operates as a Unit Linked Individual Pension Plan (ULIP), where returns are dependent on the performance of the designated investment fund, specifically the Bluechip Pension Fund. It is structured as a non-participating plan, meaning policyholders do not participate in the insurer’s profits but are also shielded from losses exceeding their invested amount.

One of the key features of this plan is the Early Investment Booster, which offers extra allocations to promote early retirement planning for individuals aged 18-35. Additionally, the plan includes the Golden Waiver of Premium, allowing continued retirement savings for beneficiaries after the policyholder’s death. Entry ages range from 18 to 70 years for the Classic Option and up to 60 years for the Golden Waiver of Premium Option.

Khushali Girish, Deputy Vice President & Head of Products at Ageas Federal Life insurance, expressed excitement about the launch of the Golden Years Pension Plan. She highlighted the innovative features of the plan, such as the Early Investment Booster and the Golden Waiver of Premium, which aim to cater to the unique retirement needs of Indian customers and provide peace of mind to families across the country.

The Bluechip Pension Fund, which the plan is based on, focuses on listed equities with the goal of achieving robust returns through investments in established and emerging bluechip stocks. By diversifying risk across various sectors, the Fund provides a reliable option for securing a prosperous retirement.

In addition to the unique features mentioned above, the Ageas Federal Life insurance Golden Years Pension Plan includes a Guaranteed Loyalty Booster that increases annually with timely premium payments and an active policy status. Premium allocation charges are refunded, enhancing the plan’s overall value. In the unfortunate event of the policyholder’s death, beneficiaries receive 105% of the total premiums paid, and future premiums are waived under the Golden Waiver of Premium Option.

The Bluechip Pension Fund is set to launch with a limited-time offer featuring a flat net asset value (NAV) of ₹10 per unit. This fund will invest in equities, reverse repos, treasury bills, and mutual funds, guided by market insights to achieve stable returns through active management and a balanced approach to growth and value investing.

Overall, Ageas Federal Life insurance aims to provide robust financial solutions for a secure and enjoyable retirement with the launch of the Golden Years Pension Plan. This plan is designed to redefine retirement as a period of freedom and enjoyment, empowering policyholders to embrace their golden years with confidence and ensuring a brighter and more secure future.