·
New term insurance
offering exclusively for salaried and self-employed customers
·
Features a 12%
first-year premium discount, Lowest Price Guarantee and health management
services worth up to ₹53,000 annually
·
Comes with inbuilt
Terminal Illness cover and a 99.82% Claim Settlement Ratio
·
Offers 0% GST on term
insurance, as applicable under prevailing tax regulations
Mumbai:
Ageas Federal Life Insurance, one of India’s
leading and fastest-growing private life insurers, today announced the launch
of its flagship term insurance product, Super Protect Plus Plan, on
Policybazaar, India’s largest online insurance platform, introducing a focused
term insurance offering exclusively for salaried and self-employed customers.
The launch strengthens the company’s digital distribution presence while making
life insurance more accessible through a simple and convenient online buying
journey.
The
plan combines life protection with a range of customer benefits. Eligible
customers can avail of a 12% discount on the first-year premium, a Lowest
Price Guarantee, and complimentary health management services worth up to
₹53,000 annually. The plan also comes with inbuilt Terminal Illness
cover and a 99.82% Claim Settlement Ratio. It further offers 0% GST on
term insurance, as applicable under prevailing tax regulations.
The
launch is part of Ageas Federal Life Insurance’s broader focus on strengthening
its digital distribution capabilities and expanding its online reach. Through
its partnership with Policybazaar, the company is leveraging the platform’s
extensive digital reach and high-intent customer base to connect with customers
actively looking for insurance solutions online.
The
partnership enables customers to discover, compare and purchase insurance
products through a digital-first experience, while providing Ageas Federal Life
Insurance with an opportunity to engage customers at the consideration stage of
their purchase journey. It also supports the company’s efforts to strengthen
digital conversions, expand its online distribution footprint and build a
scalable, future-ready digital distribution channel aligned with evolving
customer expectations.
The
launch also brings Ageas Federal Life Insurance’s brand philosophy, ‘Promises
Made Possible’, into its digital term insurance proposition, reflecting the
company’s focus on making life insurance more accessible and convenient for
customers.