Ageas( IDBI) Federal Life Insurance policy

This query is : Resolved

chinu (Querist)
Follow

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.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

21 March 2025 Advisable to wait till its maturity.

chinu

chinu (Querist)
Follow

21 March 2025 Thanks for the response, sir.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

21 March 2025 You are welcome.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

30 September 2025 Good luck....

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

kavita goel

venkanna setty

Sivanath VV

Shivchandra Jakhotia

jaspreet sidana

Subscribe Now

Ageas( IDBI) Federal Life Insurance policy

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA