Ageas( IDBI) Federal Life Insurance policy
This query is : Resolved
18 March 2025
I have taken Ageas( IDBI) Federal Life Insurance policy in 2013 and paid Rs 50,000 premium for 6 years till 2018. The Basic sum assured is Rs 2,76,000, Death sum assured is Rs 4,60,000 and the policy term was 15 years. According to Ageas Federal person, if I close it now I'll get only 60% of amount deposited. I got a call from Ageas Federal suggesting to invest in Ageas Federal Life Insurance fund by transferring money to the emerging funds which will get 10 times of Sum Assured with the available funds.
Should I wait till maturity, redeem it or do as they suggested? Please suggest.
Should I wait till maturity, redeem it or do as they suggested? Please suggest.
21 March 2025
Advisable to wait till its maturity.
21 March 2025
You are welcome.
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