Magic Savings Plan
Your Wish
Our Guarantee.
- Life Cover
- Flexibility to select plan variants according to your needs
- Choose Income Period and Income Payout Frequency as per your choice
Ageas Federal Life Insurance
About the Company
Ageas Federal Life Insurance is one of India’s leading private life insurers and operates as a joint venture between Ageas, a multinational insurance group based in Europe, and Federal Bank, one of India’s leading private sector banks. Since commencing operations in 2008, the company achieved breakeven within five years, driven by its strong focus on innovation, customer-centricity, and sustainable growth. Through a nationwide distribution network that includes partner bank branches, advisors, and digital channels, the company has established a strong presence across India.
Business Highlights
Policies Issued
19.71+ Lakh
Sum Assured
₹1,87,425+ Cr
Assets Under Management
₹18,956+ Cr
Claim Settlement Ratio
99.46%
Products and Business Scale
The company offers a diverse portfolio of wealth management, protection, savings, and retirement solutions for both individual and corporate customers. Flagship offerings include Wealth Gain Insurance Plan, Super Protect Plan, and Magic Savings Plan designed to support long-term wealth creation, protection, and guaranteed savings needs across different life stages.
Promoter Strength
Ageas Federal Life Insurance is backed by two strong promoters combining global expertise and deep domestic trust.
Life Advantage Plus Plan
Save Today.
- Maturity boosters to enhance your savings
- Security for family through life cover
- Bonuses when declared help build-up your corpus
Wealth Gain Insurance Plan
Save Today.
- 11 funds to invest
- Flexibility of paying premiums monthly or annually
- Receive guaranteed loyalty additions