Minimum 10 members
Maximum No limit
Tenure 1 year (Annually renewable)
Minimum Rs. 15,00,000
Maximum No Limit
Tenure Yearly/ Half-yearly/ Quarterly/ Monthly
As certified by the Actuary’s certificate submitted by the employer in accordance with the AS 15(revised)
Minimum 18 Years
Maximum 79 Years
Minimum 19 years
Maximum 80 Years
Investment platform to earn market-linked returns
Choice of 2 attractive fund options
Flexibility to make unlimited free switches
Tax benefit may be available on the premiums paid and benefits received, as per prevailing tax laws
Ageas Federal Life Insurance Group Employee Benefit Plan is a unit-linked plan designed for employer-employee groups. The plan helps employers outsource the management of their employees gratuity and leave encashment funds. Better still, the plan works as a market-linked investment tool that enables employers to invest these funds and gain from the returns.
The employer-employee groups shall have 10 or more members.
There are 2 fund options available - Group Equity Fund and Group Debt Fund
On event of retirement, resignation, exit on disablement or withdrawal of employment due to any cause of the Insured Member, the benefits as per the Scheme Rules will be paid to the Master Policyholder.